Take the opportunity to review your procedures now.

Leeds based credit reference agency MasterWatch are urging smaller businesses to review their credit management procedures, in order that they address their late payment problems from within.

MasterWatch is offering a free credit management questionnaire, the Credit Health-Check, to enable smaller businesses to perform a quick review of their credit management procedures.

The questionnaire takes 10 to 15 minutes to complete. It covers the entire credit management process, from credit checking when an order is placed, through to collection and recovery. It quickly identifies problem areas to enable businesses to take further action.

Paul Latham, Sales and Marketing Director at MasterWatch says:
"Time is at a premium for owner managers which may leave credit management low down on the list of priorities. Our research shows that smaller businesses are the worst hit by late payment, insolvency’s and court actions in more difficult trading conditions. Good credit management procedures literally pay. We advise all smaller companies to review their procedures now."

A free copy of the questionnaire is available by telephoning MasterWatch on 0113 22-55-100 or download it from our downloads page on this web site.