Cash flow management and credit control
Cash flow is the lifeblood of every business and in a recession it is even more critical. Timely collection of payments due from customers is essential for businesses to survive. Failure to collect monies due on time is arguably the single biggest cause of added costs and business failures in the owner managed business sector.
To improve your credit control systems and cash flow we can provide you with help in:
- Establishing terms of trade
- Producing useful debtor analyses
- Setting credit limits
- Putting debt recovery procedures in place.