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Maximising Cashflow: Enhancing Your Credit Control Process

Know-It Global

Effective credit control is crucial for maintaining a healthy cashflow and financial stability. Need help writing an invoice email ? Utilise technology to automate reminders and chasers using Chase-it ! In this article, we will explore strategies to optimise your credit control process, helping you maximise cashflow!

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Sending Dunning Letters To Chase Late Payments

Know-It Global

In this article, we will explore the concept of dunning letters and provide you with practical tips on how to create and send them effectively. A well-structured dunning letter can effectively communicate the urgency of the situation while maintaining professionalism and preserving the business relationship. What are Dunning Letters?

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Complete Guide To Credit Control For Business

Know-It Global

Define Credit Policy: A well-defined credit policy is the foundation of effective credit management for any business. A well-designed policy minimises the risk of bad debts and cash flow issues and also serves as a reference for employees involved in credit decisions and collections. Setting Up Credit Control Processes 1.1

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Is There Cash Hiding In Your Sales Ledger?

Know-It Global

Effective credit control requires stringent monitoring of your sales ledger, checking on a daily basis and making note of when each invoice is due. We’ve put together an article that will tell you how to write a strong warning letter for outstanding payments ! You can even customise the messages that are sent! Find out how-it works!

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Company Insolvencies Show No Sign of Slowing Down

Know-It Global

The credit cycle can be extremely delicate with one break in the chain causing a huge ripple effect across entire industries. This is why it’s critical that business remain vigilant today but following an effective credit control process. Find out how to write an email and letter for outstanding payment !