Malcolm
E Gilbey Business Banking
and Factoring
Malcolm E Gilbey Business Banking and Factoring
A
lifetime of experience in the industry available to you.
Malcolm
E Gilbey - Credit Management
Your
company's most important asset is its debtors. Malcolm Gilbey
can help review your credit management strategy.
A
lot of small businesses do not consider credit management
high on their priority list but it is this policy that protects
possibly the organisation's largest asset.
What
is a Malcolm E Gilbey Credit Policy?
A credit policy should set out the organisation's credit objectives,
define credit procedures, illustrate the documentation to
be used and define the person with set authorities.
Some
points that should be considered when setting a credit policy
are as follows:
- Offering
credit terms is lending interest free money to your customer.
(Is it going to be abused?)
- Increase
in overhead costs employing staff to collect debts possibly
also a computer system, stationery, telephone calls.
- Incurs
a percentage of bad debts, legal costs or collection agent
costs.
But
if you consider the above is too complicated you can out-source
some or all of these tasks by using factors or Malcolm E Gilbey
can introduce you to the new outsourcing receivables companies.
There are in excess of sixty factors in the UK and it is essential
that you select the right one for your needs for the smooth
running of your business.
For
further information on Malcolm E Gilbey Business Banking and
Factoring visit the Malcolm E Gilbey Website.
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