Tag: cash flow management
-
Credit Control KPIs: What to Track and Why It’s Important
Effective credit control is crucial for cash flow and timely payments. Monitoring key performance indicators such as Days Sales Outstanding, Average Payment Time, and Bad Debt Ratio provides insights into credit management. These metrics help businesses mitigate financial risks, optimize strategies, and strengthen customer relationships, ensuring better financial stability.
-
Building Strong Relationships with Customers to Improve Payment Cycles
Getting paid on time is one of the biggest challenges businesses face, but it doesn’t always have to be a battle. While policies, reminders, and automation tools can help, one of the most effective ways to improve payment cycles is by building strong relationships with your customers. When trust and open communication are at the…
Credit Control Club 