Most Popular Credit Management Strategies At A Glance
British businesses appear to have adopted a no-nonsense approach to credit management as customers continue to miss their payment deadlines.
Hilton-Baird Collection Services’ most recent Late Payment Survey asked business owners and finance directors which measures they employ to increase the chances of getting paid on time in the first place, and also which methods are used in the event an invoice exceeds terms.
The results were particularly encouraging, with many taking bold decisions in a bid to safeguard their businesses’ cash flows, as shown in this infographic.
