Don’t let the next one that falls affect your business.

A bad debt doesn’t just hit the bottom line. It affects how you progress. You may be able to absorb the debt and shrug it off.But think ahead. What will it mean to your business?  Taking more risk to get back what you’ve lost, delay planned investment, reduce planned expansion,  or just leave you with a […]

There are 5 Steps from Order to Getting Paid

There are 5 Steps from Order to Getting Paid At each step there is a cost. This can be the purchase of the goods and materials, labour, distribution, advertising, marketing, promotion. Add on the fixed costs to the business and the end selling price covers all the cost and leaves money left as profit. But […]

2021 – the Year of the Domino Effect?

Even the best credit control can’t prevent a customer’s business from becoming insolvent, leaving you with an unexpected debt and extra problems with cash flow. For business, the impact of suddenly being exposed to debt could be devastating and can take even large organisations to the brink by starving them of vital funds. This is […]

Know your customer

Knowledge is power, as the phrase goes, so make sure you use it wisely. Check the exact name and legal status (you will need this if you ever have to take legal action to recover a debt) · Use headed paper to verify company details · Make sure the order is from the same entity · Use a […]