Last year a survey by BACS found that SME's were spending an average of £500 a month on chasing payments, with over 50% of small and medium-sized business experiencing overdue payments.The surprising thing is that eight out of ten private sector late payments are owed to SMEs by other SMEs.Business owners often think of Credit Control as just chasing payment of invoices but getting paid is only the last in a long line of processes and controls a business should undertake when offering credit terms for their goods or services. Good credit management practices are not just for the large corporates, businesses of all sizes can experience a real difference to their cash flow and bottom line by implementing some simple strategies.We help small businesses to make lasting improvements to the way they manage their business, from before the order is placed right through to receiving payment, helping them to:- get paid when expected- reduce costs- free up time- improve customer relationships- create opportunities for growthWe are driven to see our clients succeed and we use our passion for credit management to help make that happen.You can spend a significant amount of time chasing overdue debts from customers who won't or can't pay you and as long as that money is in their bank account rather than yours, it's not adding any value to your business.You can reduce the risk of late and non-payment by being clear about who you do business with, how you do business with them and what you both expect to get from the relationship.We're passionate about credit management so you don't have to be.Contact us for a free 20 min consultation to explore how we can help you.https://calendly.com/confident-cashflow/20-minute-initial-chat