Controlling customer credit
Finance & Funding
Key learnings
- Extending credit to your customers can be a great way to increase sales and grow your business – but it also carries risks.
- Having an effective credit control process in place can help you ensure you’re offering credit to customers who are likely to pay you back in full and on time.
- Credit insurance can provide cover in the event of a late or nonpayment.
Extending credit to your customers can be a great way to boost sales and relationships but it needs to be managed carefully so you don't lose out in the long term. Here are the main things to think about.
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