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Bridgement Smith offers a wide variety of specialised functions designed to
assist you with the formalisation of credit acceptance procedures, invoice
design and production, internal credit collection policies and procedures,
short or long term staffing, ledger management
, and training .
This form of consultancy is invaluable to small to medium sized businesses,
particularly those that are not necessarily able to employ a specialist credit
manager. Your debtors ledger probably ranks as your largest asset, or certainly
one of them. It is therefore crucial to manage it effectively thus also
optimising cash flows. Consider this: a $1,000.00 loss on a margin of 7.5%
requires an additional sales generation of over $13,000.00 to
attain a break-even bottom line performance.
Bridgement Smith's Credit Management services can assist you with :
| Credit Acceptance |
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correct risk evaluation of new accounts
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credit assessment techniques
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correct use of external information providers
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balance sheet evaluations
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| Invoice Design |
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correct design improves payment performance
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detailing overdue sums to maximise their payment
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timing of production
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| Collection Policies and
Procedures |
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credit applications design and usage
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the use of personal guarantees
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knowing your debtor
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company and business searches
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telephone and demand techniques
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formatting an effective policy and maintaining it
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procedures to optimise collections
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understanding your debtors
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understanding the legal system
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using external debt recovery providers
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| Staffing |
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Placement of long or short-term credit operatives on site.
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If your organisation requires assistance in any of these areas we urge you to
consider Bridgement Smith Collections to provide you with the correct solution.
The benefits of this will considerably exceed the cost. Bridgement Smith
Collections will make a difference to your performance and profitability.
For a free initial consultation please e-mail your local branch :
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