How can you protect your company against debtors? What can you do to get paid in time? Would factoring something you would consider for your company? European Credit Control has an answer to these questions and more, customized to your situation. We know that well-organized credit management is essential to your company’s production processes and cashflow.
The Credit Management function incorporates all of a company’s activities aimed at ensuring that customers pay their invoices within the defined payment terms and conditions. Effective Credit Management serves to prevent late payment or non-payment. Getting it right reinforces the company’s financial or liquidity position, making it a critical component in any business.
Research has shown that at least 4 out of 10 invoices are paid to late or even not at all