Credit Control - Getting Paid On Time
You work really hard to deliver a good service to your customer; you give them your invoice and just wait for them to pay when they're ready. Their cheque may arrive in a month or two or may never arrive at all. Why? Because you're not controlling your credit!
Allowing customers to pay when they want to means you'll have less cash in the bank to pay yourself and your suppliers, overdraft charges increase and stress levels will go up.
Will Customers Stop Buying If You Chase Them For Payment?
Some business owners are concerned if they chase their customers for payment they'll stop doing business with them. However, this is not the case. If your payment terms are clear from the outset, a friendly reminder when it's time to pay shows you are a professional company and will be respected.
Having the time to chase payments is another question…
When Jigsaw partners with your company we'll help you put the systems in place to make credit control simple. If you don't have time to manage the process yourself we'll even help by contacting the people who owe you money on your behalf. Our friendly, yet systemised approach to credit control means you'll have more cash available in your business to develop and grow.
Put it this way; if you have monthly sales of £10,000 and despite your 30 day terms it takes an average of 60 days for customers to pay you, getting your customers to pay you on time will put an extra £10,000 cash in your bank. Not bad when you compare this to our small fees.
If you'd like Jigsaw Business Services to get a grip of your credit control call us now on 01952 458407 or email Julie@jigsawbusinessservices.co.uk and we'll tell you how little it can cost to put more cash in your bank.
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