COVID - One year On
As credit managers and credit controllers reflect on the challenges in managing their sales ledger asset over the past 12 months, we take a look at the various issues faced and how we expect that has changed the support needed from your credit control team moving forward.
Over the past 12 months, our clients, covering a wide range of industries, including fashion retail, logistics and manufacturing, have experienced their own sector challenges. Whilst we have seen some common themes for delayed payment reasons, there have been specific sector challenges that we have worked with our clients to overcome. As clients have diversified their product ranges, we have been able to leverage our industry experience and assist our clients to ensure an early understanding of client billing and payment systems, particularly in the healthcare, food, and fashion retail sectors.
These are, without doubt, challenging times for anyone involved in credit management and if support or advice is needed, there are specialist credit professionals who are there to help you.Back
Entrepreneur of the Year AwardThank you to all of our great clients and team. Without them, I would never have won this award.
B2B Credit Control - Instalments & Late Payment Interest"Historically repayment plan arrangements have been limited to the odd customer with cash flow issues, it is now more prevalent and credit control software needs to adapt to deal with that, free up the credit controllers time and provide accurate management information”. Janice Megram, Client Services Director, Veritas Commercial Services.
Taking Legal Proceedings To Recover A Debt In COVID-19 TimesOur interview with Michael Smeaton of Bermans....
I asked Michael his thoughts on how matters are currently progressing through the courts because, with around half of the courts being closed, you would naturally expect some delays?