Tough times for anyone that gives credit in business

Written by David Rothwell Monday, 27 April 2009

In these very tough economic times, when businesses seem to be failing almost hourly, have you got the necessary Credit Control Procedures in place?

Will your business be the next to fail, not because of poor performance or  price, but because your customers fail to pay ontime. 

Effective Credit Management will go a long way to alleviate some of the headaches facing today's business owners it will keep the cash moving into your business and keep you in business.

Since 1914...

The Credit Protection Association has assisted tens of thousands of U.K businesses , ensuring their success and prosperity through effective credit management.

From CPA's London head office, innovative I.T. connects client-members to essential financial data, enabling instant decision-making relating to the granting of credit. Client-Members at the touch of a button can also instantaneously refer their overdue accounts, which usually results in full settlement days later

Since 1991...

Thousands of U.K. businesses have become Members to protect their sales ledgers and enjoy peace of mind.

CPA (PAID) binds together THE 3 FUNDAMENTALS OF CREDIT MANAGEMENT for the benefit of businesses which provide commercial credit to their customers.

Economical - Ethical - Efficient - Effective

1. INFORMATION
As a Member you have full access to CPA's StatusReportLINK, so you can make informed credit decisions on both new and existing customers. You can examine limited & plc companies, partnerships even sole traders.

2. Collection
Members have use of CPA Online's DebtRecoveryLINK whenever accounts exceed their agreed terms. On average, this resolves over 84% within days yet still retains customer goodwill.

3. PROTECTION
Unique to the PAID service, should there be no satisfactory results following the DebtRecoveryLINK process, PAID members can under the terms of the agreement submit their debts for purchase by PAID.
Through this arrangement PAID purchase 90% of their value, per pre-agreed limits.

BAD DEBTS BECOME PAID'S PROBLEM, NOT YOURS!

Please visit www.cpa.co.uk for further information or

 

Last Updated ( Tuesday, 26 May 2009 )


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