• Lost interest
• Internal administration costs
• Telecoms and other communication costs

Or what about the impact of not being paid at all?

With a turnover of £1m, a contribution margin of 20% and a payment loss (the invoices that you don’t ever receive
payment for, and have to write off) of 1% you would need to bring in an additional
£50k in revenue to compensate.

With the same turnover of £1m, a contribution of 10% and a payment loss of 2%,
you would need to bring in a staggering additional £200k in sales to compensate
your loss.

Can you afford to write off those bad debts? Can you achieve
the additional sales you need to compensate for the loss?

Effective credit management processes are essential to keep your business
on track.

Click here to see how ON DEMAND can help to keep you in control….