Protecting Cash Flow: Credit Management Basics

Strong credit management prevents most collection problems before they start.

Know your customer

Run basic credit checks before extending significant terms.

Document everything

Clear contracts, signed delivery notes and valid invoices make any future claim far stronger.

Invoice promptly and follow up

Send invoices immediately and have a consistent reminder schedule. Early, polite follow-up keeps accounts current.

Act early on overdue accounts

The older a debt, the harder it is to collect. Escalate to a professional partner sooner rather than later.