Some of the largest companies in the UK made a loss this year with Kier, Keller and Laing O’Rourke all reporting an annual loss.
Browsing category: Credit control
Unfortunately, the situation for many SMEs is that late payment of invoices can be the difference between staying in business or going under. Cash flow is the number one cause for businesses to fail and repeatedly late payment is a contributing factor to this.
Energy Regulator Ofgem under pressure after third energy supplier in three months goes bust. Energy regulator Ofgem is facing renewed calls to toughen up on start-up energy suppliers as the number of failed energy groups reaches three in less than three months. Ofgem sought to encourage more competition in the energy market and intentionally lowered […]
Building a strong workforce and ensuring continuity in your service or product is key for any business and one of the best ways to guarantee that service doesn’t suffer is to use a reliable temp agency. 20% of companies now report that they are using temp agencies; their expertise and experience allows them to spot quality candidates and weed out the unreliable to provide you with the flexibility that is necessary in order to run your business effectively. The agency will do the work of screening the candidates and ensuring only those who can fulfil the role are sent.
Taxi companies typically offer credit accounts to companies who regularly need their services. It is a convenient way to allow staff to access meetings at different venues as well as picking up clients who are coming to see them.
How many business owners use this time to make business resolutions? The Christmas break has allowed a little time for reflection and a lot of business owners will be heading back to work with renewed determination to focus more on growing their business, rather than working in their businesses this year, but how many will make specific resolutions?
Credit control services help to ease the pressure of late payments and done professionally can ensure a good relationship is maintained between all parties. Daniels Silverman acts on behalf of companies to send friendly reminders for all outstanding invoices and ensure there is an open line of communication for your clients should there be any queries.
In this blog after speaking to our Credit Control department, who run a white labelled credit control service for some of our clients. We put together their view on the process and advise on how to improve your credit control.