Effective credit control is more than just monitoring accounts. It requires a deliberate strategy to protect revenue, maintain cash flow stability, and support sustainable business operations. Poor management of customer credit can lead to payment delays or defaults, which disrupt operations and strain business relationships. Businesses that take proactive credit…
Unpaid invoices do more than slow down cash flow. They create uncertainty that makes business owners question their financial stability. For Australian companies, particularly small and medium-sized enterprises (SMEs), the effects of bad debt are more impactful. Over time, bad debt reduces flexibility and blocks future growth. Recognising the early…
Collecting debts can be a frustrating endeavour, especially when dealing with stubborn and dishonest customers. This often places a significant burden on business owners and staff, particularly in micro, small, and medium enterprises with limited resources. When invoices remain unpaid, companies may face challenges that can disrupt operations, hinder growth,…