Christmas is around the corner – keep calm and get paid.
Once September comes around we seem to fly through October and November and then all of a sudden, in the blink of an eye, it’s Christmas and you’ve only done 70% of what you had planned. We find our companies descending into holiday chaos, staff are getting into the festive spirit, productivity seems to dip […]
When is the right time to issue a CCJ?
In today’s business climate nothing is for certain, things can change overnight and this uncertainty stretches to the credit control industry too. As an SME, debt recovery can be difficult even in the best economic times, so when people begin to struggle it can become near-on impossible to collect an overdue invoice, sometimes the only […]
Use late payments to grow your business
It may seem counter-intuitive but late payment of invoices can actually help you to advance your business. Commercial Domestic Investigations has over 25 years of experience dealing with commercial credit collections and we understand the power that a concrete collections procedure can have on both your clients and your business. Building an effective collections policy […]
How long should you ignore your business debt?
The truth is, debt should never be ignored but most businesses will have some form of debt at some point, and this is to be expected. Problems arise when you ignore this debt in the vain hope it will disappear; the debt accumulates to the point where you unable to make the repayments. Things can […]
Credit reporting – is it that important?
If you are a B2B company, then you rely on trade payments to survive. Unfortunately, late payments have become an accepted part of the credit control process; this shouldn’t be the case; late payments should be avoided where possible and fought. To go some way towards eliminating late payments some businesses are implementing an obligatory […]
Can you boost your credit profile?
At Commercial Domestic Investigations, we talk a lot about how easy it is to damage your credit score but is there anything that you can do to give a boost to your credit profile? Company information Ensure that your company data is standard across the board, when you’re applying for lines of credit then use […]
What does a creditworthy company look like?
Every year there are thousands of new insolvencies, with late payments being a major factor in the failure of these companies. Businesses are now getting a little more selective about who they work with, and understandably so. There is now a lot more risk when working with new clients and businesses are a little more […]
Top tips for an efficient business
Flexibility and efficiency are important traits for a business. It is vital that you can deliver what you need to as effectively as possible, in fact, your efficiency can set you apart from the competition. The evolving business landscape means that your business is expected to be agile and react quickly to situations and continue […]
How To: Avoid the most common credit control pitfalls
Successful credit control may be one of the most difficult aspects of your business, as your company grows it becomes even more difficult to keep track of all of your paying (and non-paying) customers. Our clients come to us because they are struggling with late payments, their customers are avoiding them, and they’re unable to […]
How to: Negotiate with debtors
Unfortunately, calling a client and demanding payment is not an effective way to collect a debt. Not only does it look unprofessional, you can end up scaring off your customers. It is difficult not to become cynical when working in credit control but remember that some customers will have a legitimate excuse for not paying […]
