Remove Credit Sales Remove Credit Scoring Remove Debt Collections
article thumbnail

Complete Guide To Credit Control For Business

Know-It Global

Credit control is a vital aspect of financial management for businesses. It involves managing credit sales and making informed credit decisions, ensuring timely payment from customers, and minimising bad debt. This is where business credit checking comes into play. 3: Debt Recovery and Minimising Bad Debt 3.1

article thumbnail

Leveraging Credit Control

Know-It Global

Effective credit control procedures, such as regular monitoring of outstanding balances and proactive debt recovery, ensure that any potential issues are addressed promptly, reducing the likelihood of significant losses. A good business credit report will give you: Credit rating. Credit score. Credit limit.