Credit management
GCSARMS offers a wide variety of specialised functions designed to assist you with the formalisation of credit acceptance procedures, invoice design and production, internal credit collection policies and procedures, short or long term staffing, ledger management, and training.
This form of consultancy is invaluable to small to medium sized businesses, particularly those that do not employ a specialist credit manager. Your debtor's ledger probably ranks as your largest asset and is therefore crucial to manage it effectively to optimise cash flows.
Consider this: a $1,000.00 loss on a margin of 7.5% requires an additional sales generation of over $13,000.00 to attain a break-even bottom line performance. GCSARMS Management services can assist you with:
- Credit Acceptance
- Correct risk evaluation of new accounts
- Credit assessment techniques
- Correct use of external information providers
- Balance sheet evaluations
- Invoice design
- Collection Policies and Procedures
- Credit applications (design and usage)
- The use of personal guarantees
- Knowing your debtor
- Company and business searches
- Telephone and demand techniques
- Formatting and maintaining an effective credit policy
- Procedures to optimise collections
- Understanding your debtors
- Understanding the legal system
- Using external debt recovery providers
