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Are Your Credit & Collection Policies Aligned with Company Goals?

Your Virtual Credit Manager

.” The Role of Credit in a Commercial Enterprise If you grant credit to your business customers, it is also imperative that credit, collections, and AR management issues be addressed. Credit management takes center stage when: New customers apply for credit terms. There are invoice disputes.

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How can you enhance your business’ credit management function?

Credit Management Group UK

Having an effective credit management function is vital to any business in maintaining and improving cash flow, as well as reducing a business’ risk to bad debt. Sales and credit control in particular should work closely together as these are the two-main customer facing roles. appeared first on Credit Management Group UK.

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Eliminate These Four Barriers to Payment

Your Virtual Credit Manager

For more on Invoice Accuracy, including metrics on the impact of invoice errors on slow payments, check out these previous YVCM installments: Your Virtual Credit Manager Are Your Invoices Delaying Customer Payments? Price discrepancies are the leading cause of invoice disputes. Buy Credit Reports 4.

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Things to Keep in Mind for Positive Cash Flow in Recruitment

Credit Management Group UK

Issues for cash flow in recruitment SMEs within the UK are owed billions in late payments; this is an issue that is affecting all industries, in businesses of all sizes and is likely to continue for as long as businesses continue to provide credit.

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Forecasting Collections – A Key Element of Your Cash Flow

Your Virtual Credit Manager

You will also need to account for a certain level of disputed invoices. Disputes will delay their payment for weeks or months. Again, previous customer dispute patterns will help inform any adjustments you make for disputes. More About Purchasing Credit Reports

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Cash Forecasting: More Important Than Ever

Your Virtual Credit Manager

You will also need to account for a certain level of disputed invoices. Disputes will delay their payment for weeks or months. Again, previous customer dispute patterns will help inform any adjustments you make for disputes. We strongly urge the appropriate use of automation in Cash Forecasting.

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What Triggers Your Collection Efforts?

Your Virtual Credit Manager

To continue reading and learn about eleven events or circumstances that should trigger a collection response, in addition to when a customer goes past due, you need to be a paid subscriber to Your Virtual Credit Manager. The experts at Your Virtual Credit Manager can help you bring in the cash.