
How do I manage credit control?
Whether revenues decline or not, credit control is key to managing working capital and cash flow.
12 August 2024
Irrespective of whether revenues have declined or are expected to decline in the future, credit control will play a big part in effective working capital management and cash generation. Here, we outline some of the key steps for setting up and managing an effective credit control process:
Consider to what extent your credit control procedure can be automated to reduce costs. If your internal credit control procedures have been exhausted and you are wondering what to do next, our Escalate Debt Recovery service may help.
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