The UK is the worst country in Europe for paying invoices ontime. This is based on the fact that the average small business is loosing a large slice of potential customers based on fear of late payment, The larger the supplier the more likely the flexibility of payment.
So what do larger suppliers do differently to the small Businesses? The key issue would seem to be the predefined Credit Management strategy. A strategy that keeps emotion out of the decision making process to ensure the credit is offered, extended or retracted based on risk & profit.
The High Street Bank is one business sector that has cashed in on the profitability of poor cash flow, unauthorized overdraft charges, non cleared funds surcharges and high interest charges.
The use of "The Association of Credit Providers" to enforce your terms of credit and hold your customer account for there unauthorized borrowing from you, is used by the majority of our members as a valuable enforcement procedure. Not to mention income generate, as we earn you 1% per month on all payments that are late as well as cover any cost in administrative work for chasing your late paying customer.
The late payment cycle offers you :
The "The Association of Credit Providers" offer a professional credit management service designed to allow you quick and easy access to the current status of any debts you are owed. Highly experienced in the field of credit management we look to obtain any payments owed to you, whilst retaining the relationship with your customer.
Why not log in today and instruct us to collect all your outstanding invoices within the coming 21 days.
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