In the world of business, cash flow is king. It is the lifeblood of any organization, big or small. One crucial aspect of maintaining a healthy cash flow is managing credit control. Without efficient credit control, a business can face late payments, bad debts, and even cash flow problems. This is where outsourced credit control comes in.
Outsourced credit control is the process of hiring a third-party company to manage your credit control functions. It involves the outsourcing of tasks such as invoicing, credit monitoring, debt collection, and customer communication to a specialized credit control provider.
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