Editorial by Warren Myers - founder CMP Recruitment and Credit Services
Times are Tough and Money is Tight was a catch cry in the 1990’s and right now I feel like I am in the 1990’s all over again Ground Hog day style, TIMES ARE TOUGH AND MONEY IS TIGHT!
Companies are watching their spend on all things and cutting corners where they can in order to keep the ship moving forward in theses’ times and it is everyone’s job on the ship to do their best and promote their company where and how they can in their area.
We were bumping along the bottom in the 1990’s, growth was slow and new business was hard to find for most of us and that is the same in today’s business world but now there is a twist – ENTER TECHNOLOGY which is adding the difference this time as we all see daily with new ways of doing business.
BUT what hasn’t changed is the way to collect on your invoices – Technology is no substitute for a Professional Credit Controller managing the debtor’s ledger and following up on the un-paid invoices ensuring Cash Flow for the business and minimizing bad debt write off.
The only way Technology is good at is collecting money up front before the service or goods are supplied and that may work in some industries but not most.
So your choice is to get the money up front or engage a Professional Credit person.
IN THESES TIMES – a good way is via Credit Control Temps.
This way you can bring them in or move them out when needed and Cash flow is maintained so you can watch what you spend but at the same time monitor increased cash flow.
Credit Controllers are like good sales people THEY GET RESULTS YOU CAN SEE!