Are you cost effective and efficient in your credit control

Making credit control efficient is based on a number of factors which include:-

1.   The type of system you use

2.   The people carrying out credit control are they proactive and confident

3.   The  training they have received and refresher courses.

Is your current credit control system cost effective?  When was the last time this section of the business was reviewed? All too often businesses spend a disproportionate amount of time on sales and service and not enough time on considering cash flow.  Cash-flow is the life line of your enterprise, spend some time to review your current systems and work out credit control ratio to sales, debtor days and write offs.