There are 3 key signs that a business is having credit control issues:
- Increasing debtor days on outstanding invoices.
- Reduced net cash flow into the business despite no reduction in business activity.
- Decreasing free cash reserves.
Effective credit management will significanlty improve the business' performance in these important areas.Business Growth through Active Business Credit Management
By having a strong credit function in place this will increase the chances of success and the company will
- Improve cash position. Reduce debtor days. Generate free cash for your business.
- Improve margins. Strong cash flows enable you to negotiate improved suppliers terms
- Reduce business overdraft. Immediate reduction in your interest and borrowing requirements.
- Increase profitability. Reduced interest payments releases cash to the bottom line.
- Improve business credit rating. Get lower interest rates from the bank and better payment terms from vendors.
- Improve investment credit rating. Attract investors in your company.
- Improve business growth through increased cash reserves for investment.
Swindells works closely with Amril Ltd. in this important area.
