It is a dilemma for many an entrepreneur: should you insure all your debtors or only the high-risk ones? For an entrepreneur, it is often clear which customer is more likely to have an unpaid invoice. Therefore, it sounds logical to insure only those high-risk customers. The experts at CreditDevice explain why that is not wise.
Debtor management is an important part of a company’s financial administration. It involves making sure that your customers pay your invoices on time and in full. This is essential for your company’s liquidity and profitability. Yet debtor management is often treated as an understudy. It is seen as a time-consuming and tedious chore that brings little appreciation. But is that really justified? In this blog, we explain why debtor management should actually be a priority for every business owner.
Credit insurance is insurance that protects you from the risk of your customers not paying your invoices. With credit insurance, you can secure your sales, improve your cash flow and support your growth. But how do you manage your credit insurance policy efficiently and effectively?
Debtor management is more than just sending invoices and reminders. It is also a form of customer contact and customer relationship management. In fact, how you approach your customers affects how they perceive your business and how they respond to your requests for payment.
In times of economic uncertainty, such as a recession, the risk of customer default can increase. This can lead to large financial losses for businesses that rely on credit. Credit insurance can protect businesses from this risk and help them maintain cash flow. In this blog, we will discuss what credit insurance is, how it works and why it is important during a recession.
In times of economic uncertainty, such as a recession, the risk of customer default can increase. This can lead to large financial losses for businesses that rely on credit. Credit insurance can protect businesses from this risk and help them maintain cash flow. In this blog, we will discuss what credit insurance is, how it works and why it is important during a recession.
An important part of credit management is communication with debtors. Good communication can make the difference between a timely payment and a lingering collection. But how do you communicate with your debtors simply and effectively? How do you make sure your message comes across clearly and kindly, without costing you a lot of time and effort?
In economically uncertain times, e.g. in a recession, the risk of customers defaulting on payments can increase. This can lead to major financial losses for companies that rely on credit. Credit insurance can protect businesses from this risk and help them maintain cash flow. In this blog, we will discuss what credit insurance is, how it works, and why it is important during a recession.
In times of economic uncertainty, such as a recession, the risk of customer default can increase. This can lead to large financial losses for businesses that rely on credit. Credit insurance can protect businesses from this risk and help them maintain cash flow. In this blog, we will discuss what credit insurance is, how it works and why it is important during a recession.
Discover how a debtor portal not only optimizes your payment processes, but also increases customer satisfaction and improves cash flow.
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