In any business, effective credit control and maintaining a healthy cashflow is crucial for long-term success. Effective credit control practices help businesses manage their finances by monitoring and regulating credit sales and ensuring timely payments. However, it is essential to strike a balance between maintaining healthy cashflow and nurturing strong customer relationships. This article explores …

The Impact of Credit Control on Customer Relationships Read More »

Offering trade credit can bring a huge boost to your business! In today’s business landscape, companies are constantly seeking ways to attract and retain customers while maintaining a steady cash flow. One effective strategy that accomplishes both goals is offering trade credit. This is an arrangement where businesses extend credit to their customers, allowing them …

The Benefits of Offering Trade Credit & How To Mitigate Risk Read More »

Effective credit control is crucial for maintaining a healthy cashflow and financial stability. By implementing a well-structured credit control process, businesses can mitigate the risks associated with late payments and bad debts, ensuring a steady stream of revenue. In this article, we will explore strategies to optimise your credit control process, helping you maximise cashflow! …

Maximising Cashflow: Enhancing Your Credit Control Process Read More »

The swathe of corporate insolvencies we’ve seen over the past year shows no sign of slowing down! February 2023 figures show the number of companies going insolvent jumped 17% year on year, reaching 1,783. This is a huge 33% higher than pre-pandemic levels! In Scotland company insolvencies are up 11% compared to last year. The …

Company Insolvencies Show No Sign of Slowing Down Read More »

A business credit report is a powerful tool at your disposal that will allow you to get a glimpse into the financial shape of your customers, helping you make smarter credit decisions. It can also help you identify areas of improvement in your own business that will make you more favourable to lenders and suppliers. …

Complete Guide To Reading A Business Credit Report Read More »