Business is a balancing act – with cash flow at its heart. If not properly managed, cash flow can cause significant problems for an organisation which are likely to negatively impact on profitability.
Giving customers credit is an excellent tool for enhancing and facilitating sales, however it is essential that if this is adopted, that the organisation has processes in place to help them to collect the money. It is when there are no process in place that problems arise and cash flow becomes a problem.
Poor cash flow will impact on your organisation in a number of ways. Not only will you have reduce profitability you may also have unsatisfied customers as a result of not being able to pay your suppliers on time. What’s more, unsatisfied customers are unlikely to become loyal.
Improve cash flow with Credit Hound
Credit Hound is a piece of software which automates and streamlines the processes involved in good credit control, enabling you to collect money quickly and easily. Credit Hound has built in features which reduce debt and provide critical business information.
Key benefits of Credit Hound include:
- Improved cash flow – When your customers pay on time, you too can pay on time
- Manage and control disputes so invoices get paid – Disputed invoices are often not paid. Credit Hound enables you to manage and resolve problems quickly, ensuring you get paid
- Automated processes save time – Credit Hound tells you who you need to talk to
- Reduce debts by monitoring your customers - By keeping in contact with your customers you will be aware of potential problems and be in a better position to take preventative action.
- Links directly to your accounts system – As Credit Hound links straight to your accounts system there is no duplication of effort.
- Achieve good credit control quickly and easily – Credit Hound is easy to use which means you will feel the return on investment quickly.
For more information about Credit Hound, please click here alternatively contact Concentrix on 01509 410500 or email [email protected]
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