🔥 5 Top Tips for Keeping Your Credit Control in Good Health 🔥

Credit control is the backbone of a healthy cash flow for any business. To help you stay on top of things, here are our 5 top tips for managing your credit control effectively:

1️⃣ Set Clear Payment Terms – Be upfront with clients about when payments are due. Clear terms lead to fewer misunderstandings and faster payments.

2️⃣ Invoice Promptly – Send out invoices as soon as possible. The quicker you invoice, the quicker you get paid.

3️⃣ Follow Up Regularly – Don’t wait until a payment is late to chase it up. Regular reminders keep you at the forefront of your client’s mind.

4️⃣ Run Credit Checks – Before offering credit terms to any client, ensure you’ve run a thorough credit check to assess their ability to pay.

5️⃣ Outsource to a Professional – If credit control is taking up too much of your time, consider outsourcing to experts who can manage it for you efficiently.

Want to streamline your credit control? Find out how Debtorly can help: www.debtorly.co.uk

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