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How to Spot When a Customer Might Pay Late
Late payments can knock any business off course. One minute your cash flow looks healthy, the next you’re chasing an invoice that should have been cleared weeks ago. While you can’t predict everything, there are usually signs that hint a customer could be slow to settle up. Knowing what to watch for gives you a…
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Why choose Churchill Recovery Solutions for your business sector recovery services?
When one company doesn’t get paid, it often means they can’t pay their own bills and just like that, the problems start spreading. That’s what Churchill Recovery Solutions is here to prevent. We’ve seen how unpaid debts can affect not just one company, but entire industries. Our team works closely with clients to understand how…
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Building Strong Customer Relationships to Improve Payment Times
In business, relationships are everything—especially those with your customers. Positive customer relations contribute to satisfaction, repeat business, and even glowing endorsements. However, a lesser-known benefit of strong relationships is that they can lead to more punctual payments, strengthening your cash flow. The reality is simple: the better your relationship, the less likely customers will delay payments.…
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How to save money around Christmas
We are officially creeping closer to the most wonderful time of the year. Pressure to please loved ones and give children the prefect Christmas tops the list of why most people overspend during the festive period. Here’s a guide to how you can save money for Christmas Talk to your friends and family It might…
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Credit management is a crucial
Credit management is a crucial aspect of financial management that involves overseeing and controlling credit extended to customers to ensure timely payment and minimise the risk of bad debts. It encompasses a variety of activities aimed at maintaining a healthy cash flow, reducing financial risks, and fostering good relationships with clients. Here is a comprehensive…
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The process of collecting debts
As a debt collection agency, our primary goal is to recover overdue payments while maintaining a respectful and lawful approach. Here is an outline of the typical debt collection process: 1. Account Assignment and Verification The process begins when a creditor assigns a delinquent account to our agency. We receive all pertinent details, including the debtor’s…
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Navigating a cost of living crisis
Navigating a cost of living crisis requires strategic financial management to ensure your money goes as far as possible. Here are some expert tips to help you maximise your resources during challenging economic times: 1. Create a Detailed Budget Start by assessing your financial situation with a detailed budget. List all your income sources and categorise…
