‘Business Money’ has an interesting article about how SME’s who want to survive should be checking the credit ratings of their customers. We think this is an excellent idea and should be the first step for businesses to take, the second being trade credit insurance and the third ensuring that the policy is well managed. All of these things can be undertaken on your behalf by 64G. Take a look at the article and call us if you want to make any further enquiries.
Our new collection only client who turns over approx. £20mm – we have reduced their outstanding debtor book by a third, within 2 months of 64GLTD handling their credit control. Our costs to them being completely offset by their savings on the discounting fee to their invoice financier. A very happy client!