Cash flow solutions from Hilton-Baird
Irrespective of your sector and turnover, a healthy cash flow is an absolute necessity for any business to fulfil its potential. Just imagine what could be achieved if your customers paid on time and cash flowed freely within your business.
The Hilton-Baird Group makes this vision a reality. Comprising a commercial finance brokerage and debt collection agency, we are proven at introducing the most appropriate cash flow solutions to businesses of any shape or size.
Find out how we could help yours...
Solutions to improve your cash flow
Solutions to improve your cash flow, provided by the Hilton-Baird Group.
At Hilton-Baird Financial Solutions we recognise that every business is different and has its own unique funding requirements. As an independent broker that specialises in asset based finance, our access to a wide range of solutions and funders allows us to introduce facilities which best match your current needs as well as longer term objectives.
Late payments are a constant thorn in the sides of businesses of all sizes, but it needn’t be this way. Rather than spending your valuable time chasing overdue payments, outsourcing the responsibility to Hilton-Baird Collection Services, with its team of dedicated debt recovery specialists, could be the answer. Specialising in one-off debt recovery and ongoing credit control, Hilton-Baird will allow you to go back to focusing on what you do best: growing your business.
This week in our credit control tips video series we look at ways to improve your performance by making it easier to get paid. Establishing good relationships, offering a variety of payment methods and giving early settlement discounts can all provide customers with an incentive to pay you on time, every time.
Now that the economy has passed its pre-recession peak and business confidence has reached a five-year high, according to the Federation of Small Businesses, many companies are now being faced with very different challenges to the ones they’ve got used to.
It’s to do with growing order books. It might sound strange – surely increased demand for your products and services can only be a good thing? But without the right infrastructure in place, taking on too many orders in too short a timeframe can be more damaging than not taking any on at all.
All successful business owners know that effective credit control is a vital element of success. It goes without saying that if a business isn’t being paid on time, its cash flow will be severely affected and the associated problems can quickly escalate.
But, despite knowing the importance of an effective credit control strategy, many business owners are still making some killer mistakes that can be easily avoided.
Here you will discover 23 common credit control mistakes and learn how to avoid them to ensure your business’s success.