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.
The best ways to get your business out of debt Over the years, news sources have described UK businesses as being ‘addicted to debt’. This, of course, isn’t true. Cash is still king! However, the business world relies on credit agreements and payment terms. Unfortunately, without proper credit control or debt management, these can […]
Payment problems are an issue in any industry. They mess up your cash flow and can put a real strain on the success of your business. However, in the construction industry, tensions are already running high as communication between the different portions of the construction chain often fails. Each company focuses on their particular […]
Extra heat in business It is estimated that the productivity of the average British worker drops by 8% when the temperature reaches 26°C. With most of the country sweltering at this temperature (if not higher) the impact on most businesses will be a negative one. Sick rate If this isn’t bad enough the […]
Even the HMRC outsource their debt recovery despite being the 5th largest public sector employer with over 75,000 staff. Why? Because they recognise outsourcing their debt recovery is a key efficiency in freeing up their internal resource, and choose to outsource to specialists in the field. With 23 years of maturing our recovery […]
UK business being hit hard because of debt and company insolvency. Don’t let your business become a casualty of this financial hit and speak to Daniels Silverman. We can manage your credit control and let you concentrate on what you do best. Here is a link to the Telegraph newspapers article on the collapse of […]
The effects of debt on your business The term debt rarely sounds appealing. We associate it with weak financial health and risk. We do this with good reason because falling into debt often comes with a whole host of problems that no business owner wants to endure. There is a fine line between what […]
Credit control We don’t need to tell you that starting a new business requires a considerable amount of focus and credit control isn’t usually on the list. There’s the great business idea you need to come up with. Then, the robust business plan. You ensure you have a great product and do the necessary due […]
Your business has an overdue invoice. Now what? Do you have a customer that just won’t pay on time? If the answer to this question is yes, you are among the 64% of small business owners with unpaid invoices. If this happens regularly, it may point to the way you are invoicing your customers. Is […]