5 Minute ‘Improve my CashFlow’ Challenge

 

Ask yourself these questions, then challenge yourself to take action to improve your Credit Control and CashFlow

 

 

Time

  • Am I spending too much time on monitoring and chasing payment?

YES / NO

  • Would my time be better spent on other business priorities, that would bring cash into the business?

YES / NO

 

Team

  • Are potential CashFlow problems due to a lack of Credit Control team/skills?

YES / NO

  • Do I need more resources to ensure my cash is collected, if my growth plans come to fruition?

YES / NO

 

Money

  • Am I worrying about making the call, sending the email etc to ask for MY money. Will this effect my CashFlow?

YES / NO

  • Am I worried  that I may offend and then loose a contract/client?

YES / NO

 

Results

Hopefully those questions made you take 5 to consider how you can have a more successful Credit Control process and improve the company CashFlow.

 

If you have lots of YES answers to the questions above then our advice would be to carry out a review of your Credit Control processes. Check out our Blogs>>> for guidance on implementing a successful Credit Control process

Finally

  • Should I be looking at options to outsource my Credit Control to improve CashFlow?

YES / NO

If you answered yes, please get in touch it is often more cost effective than you think.

Email: info@corpandcomm.com

Tel: 01535 654 594

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