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This guide provides a comprehensive overview of credit control practices and strategies that your business can implement to mitigate creditrisk, reduce debtor days and boost cashflow! Setting Up Credit Control Processes 1.1 Adjust credit limits and terms based on customer payment history and financial stability.
Highrisk customers shouldn’t be granted credit. The truth of the matt er is there are times you should give credit to highriskaccounts and ways to mitigate those risks. Do you need help with your credit policies and procedures?
Benefits of Trade Credit Insurance There are many benefits to trade credit insurance. It offers businesses valuable protection and financial stability by safeguarding against trade creditrisk. The seller is no longer at risk of customer non-payment and insolvency.
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