Getting paid on time – your company is NOT a source of alternative finance!

Getting paid on time – it’s one of the biggest drags on the business community and it hits the smaller business particularly hard.

But there are things you can do, it’s time to hit back.

Remember – your company is NOT a source of alternative finance for your customers!

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Get paid quicker – 5 ways to avoid bad credit risks

The collection side of credit control is difficult enough so identifying bad payer problems before you have even made a sale can save you time and money.

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Clients – are they profitable and will I be paid in good time?

There’s no point having a client contract which either doesn’t make money or doesn’t pay you in good time. This doesn’t just apply to potential new business deals; it applies across your entire client base.

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A gory cashflow model is a useful cashflow model – the bloodier the better

You probably can’t rely on your bank to save the day so it’s down to you

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Credit management – A sale is a gift until it’s paid for (part 1)

Many credit rating agencies can supply marketing lists pre-screened to contain only prospects with a decent credit rating. So, there really is no excuse to sell to high risk prospects in the first place.

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