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Credit control is a vital aspect of financial management for businesses. It involves managing creditsales and making informed credit decisions, ensuring timely payment from customers, and minimising baddebt. 3: Debt Recovery and Minimising BadDebt 3.1
One effective strategy for achieving this goal is to implement a robust credit control system. By effectively managing your business’s credit and collection processes, you can optimise cashflow, minimise baddebt, and enhance overall financial health.
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