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Enhancing Credit Management with Automation and Real-Time Data

Qualco

These advancements, combined with user-friendly digital platforms, can transform the entire credit industry, making it more efficient, transparent and tailored to individual client needs. Open Banking fundamentally transforms financial services by unlocking new insights into customers' lives.

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The Seven Habits of Highly Effective Credit Managers

Debt Recoveries

Hi, my name is Adam Stewart, Debt Collection Expert and owner of Debt Recoveries Australia. Since forming a debt collection company many years ago, I have had the opportunity to meet many small and medium enterprises (SME’s) and company owners and see how they manage their accounts receivable internally.

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How to Reduce Your Collection Cost and Boost Your Cash Flow

Taurus Collect

This is where the innovative concept of No Cure No Pay debt collection in the UK presents a compelling solution. Designed to mitigate financial risks and enhance efficiency in debt recovery, this approach offers businesses a safety net, ensuring they only incur a cost upon successful collection.

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Interest rates in the UK rise again: How will this affect you?

CICM

The Bank of England has raised the base interest rate to 4.5% As a Credit professional, you understand the implications of this rate hike on the economy and individuals. By raising interest rates, the Bank of England hopes to control inflation and preserve the value of people’s money. to tackle inflation.

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How to Prevent Bad Debts in 2023. Tips from a Debt Collector

Debt Recoveries

Take advantage of this shift in consumer behaviour when ever possible, but refrain from extending credit. . Put the appropriate procedures in place before extending credit. Before they provide credit, have a look at what institutions with expertise, like banks do. Do you employ a credit management system?

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What is Credit Control and How to be a better Debt Collector

Debt Recoveries

Credit control is the process of overseeing and collecting payments that consumers or clients owe your company. Establishing credit terms, assessing creditworthiness, generating bills, and keeping track of past-due payments are all part of it. Please contact us at email@debtrecoveries.com.au or 1300 799 511.

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Increasing debt and rising fraud – A guest blog by Menzies LLP

CICM

Administrations are typically commenced by directors, the company or by a bank under its charge without the need for the Court’s involvement. We do not expect an increase in administrations, but by being aware that this mechanism is currently available may mean that you can refocus and potentially accelerate your debt recovery discussions.