Tag: credit control
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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.
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The Pros and Cons of Outsourcing Your Credit Control
Effectively managing credit control is vital for cash flow, yet in-house handling can be challenging. Outsourcing offers efficiency and expertise but may compromise customer relationships and incur costs. Businesses must assess their specific needs, balancing efficiency, customer service, and expenses to determine whether outsourcing or in-house control is preferable.
Credit Control Club 