Making a sale is one thing but a sale is worth nothing until it is paid for …… and with no let up in the current credit crunch there has never been a higher risk of non-payment. Obtaining payment within set credit terms is an uphill struggle and with more companies going out of business than at anytime in the last 30 years the potential of a significant bad debt has been never more present. The platform for company success is a positive cash flow which is only achieved when customers pay their invoices; effective credit management is the key to company survival.
Management of credit control is a continual pressure on the small business director. Keeping this in-house is the preferable solution but where an employee often has a multi-disciplined role finding the right person with the correct skill base is challenging. Assigning your debtors to a third party may be tempting as this provides an instant cash flow and removes the strain of credit control but comes at a high price and customers can often be lost due to strict collection procedures over which you have no control!
m:power provides a flexible cost effective solution over which YOU keep ultimate control. We aim to work with your staff to provide an effective credit management system that works. Your customers are dealt with by your staff but in a manner that secures payment while
maintaining a good relationship to secure further sales.
Key Areas of Credit Management where m:power will impact your business:
- Bad debt management averaging less than 2% turnover over a five year
span.
- Proven credit control systems to suit business needs and market.
- Credit Control services tailored for business requirements and staff
competency.
- Debt collection through to court action.
- Customer Credit checking and Company analysis reports.
- One day courses in credit control giving tried and tested debt collection
techniques through both case studies and practical application.
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