A perfectly organised credit management contributes to a better assessment of your credit risks as well as to a better collection of your debts, increasing the efficiency of your company and its usable capital.

Sale is not complete unless and until the amount has been collected. In case if not collected, then it is considered as good charity. Turnover can only become profit when your debtor has fully paid for your product or service. It is of outmost importance that payment takes place within the agreed upon time limit. 
Your debtor paying later than agreed upon (or not paying at all), costs your company a lot of money. Consequently, it may be necessary to request payment or, in extreme cases, resort to legal debt collection.

How can training in credit management be tailored to the needs of a company?

Prevention is better than cure. So plan accordingly spend the correct amount in training in doing the collection process, instead fighting a losing battle

We first conduct a personalised audit prior to the training, and gains insight in the specific situation of your company, its needs and problems. The results of the audit are then used to develop a tailored training programme.

It’s a wise step to invest on training and then to implement.