Streamline Your Cash Flow with a Tailored Credit Control Policy

Credit control is essential for maintaining healthy cash flow by ensuring timely payments. It’s a strategic balance: prompt payment collection without alienating customers. A robust credit control policy is not just about issuing invoices; it’s about managing the entire process from extending credit to receiving payment, effectively reducing risks and enhancing invoice payment efficiency.

Why Credit Control Policy is Crucial

In today’s financial climate, a credit control policy isn’t optional; it’s vital for survival and growth. Many businesses lack a structured approach, leading to
delayed payments and financial instability. At Pretium, we believe in a policy that is

1. Universally accessible
2. Simple to implement and follow
3. Clear in credit and payment guidelines
4. Sequential in approach
5. Detailed in escalation procedures
6. Integrated across all

The Pretium Advantage:

Our Expertise at Your Service Drafting and implementing an effective credit control policy
can be overwhelming. Pretium is here to assist. We collaborate with you to create a bespoke
policy, tailored to your business’s unique needs. This policy will not only streamline your
invoicing process but also incentivize quicker payments, reduce Days Sales Outstanding (DSO),
and boost overall profitability. Investing in a solid credit control policy is not an expense but a
self-paying investment.
The Pretium Difference We don’t just apply a one-size-fits-all policy. We delve into your
business, understanding its unique aspects to craft a policy that naturally aligns with your
operations. This approach not only polices your procedures but also ensures data accuracy,
directly impacting your cash flow.
The Impact of Inaccurate Data Inaccurate data can lead to significant losses. Dun &
Bradstreet reports that 58% of businesses are concerned about data accuracy, with 20% losing
customers due to data errors. A Forrester Consulting study highlights an average annual loss of
£9.7 to £13.3 million for midsize and enterprise companies due to poor-quality data.
Stay Ahead in a Dynamic Business Landscape With the ever-changing landscape of startups
and business leadership, effective credit control is more important than ever. Our policy helps
you navigate these changes confidently, ensuring you know who you’re extending credit to.
See the Benefits in Action Once implemented, you’ll witness firsthand how our tailored policy
aids your company’s growth and efficiency, year after year. You’ll maximize credit opportunities
while minimizing risk, ensuring your business’s financial health and stability.