Credit Management Consultancy
In our
experience, we find that many businesses suffer loss of profit
and adverse cash flow because of poor credit control systems.
Unless proper
policies and procedures are in place, a business may not achieve
an ongoing performance level on a par with competitors, leaving
the concern less able to secure new contracts due to poor cash
flow and over exposure to slow paying customers and bad debt
losses. We have a wealth of knowledge on all matters relating to
the granting of credit and can give sound advice in the
management of extending commercial credit facilities, thereby
improving and sustaining the financial position of the business
and reducing the need to rely on expensive borrowing facilities.
We can install/overhaul credit control
systems from start to finish.
Credit Control Training
Professional
training in credit control is vital to ensure that staff engaged
in the administration of the policies and procedures adopted are
both knowledgeable and confident in carrying out their duties.
We can provide
essential training of both new and existing staff encompassing
the following:
- Assessing the
credit worthiness of new customers and assigning credit
limits
- Planning cash
collection and monitoring performance
- Developing a
telephone personality
- Timing and
content of collection correspondence
- Preparation of
monthly performance statistics
The results of
such training will enable staff to collect money quickly and
efficiently and control credit effectively. Training may be
carried out in-house if desired. Why not purchase our basic
training manual? This offers a complete credit control system
from start to finish.
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