TOOLKIT NAVIGATOR
- Welcome to the toolkit
- Spend beans to save thousands
- Best Practice Credit Management
- Know your Customers
- Choosing the right credit check
- Credit Check Policy
- Assessing the true credit risk
- What our clients have to say
- Save time and money
- What a credit check looks like
It still costs money to chase overdue accounts, even if you're not writing them off.
And when you consider your staff could be achieving far more constructive goals than chasing late paying customers, the cost to your business multiplies rapidly.
For example, if you pay a credit controller $30 an hour and they spend two hours a day calling overdue accounts, that's a cost to your business of $1200 a month.
Not to mention what other more profitable functions they could be performing during those two hours.
Veda's Commercial Positive Trade Bureau
When your customers first apply for credit, you can expand the information available to you when opening the new account, and adjust your credit control to fit.
The credit control equation
Cost to credit check a commercial customer $35.00
- VERSUS -
Cost of calling and getting hold of three credit references on all new applications (1 hour) $30.00 + Cost of a calling an overdue account twice a month (1 hour) $30.00 = $60.00 + a great deal of frustration.
Take the easy, cost effective route to credit control.