NZBT's Credit Management Services
Unlock the secrets of effective Credit Management with NZBT and optimise your cashflow.
Welcome to New Zealand Business Tools (NZBT), your trusted partner in Credit Management.
In today’s competitive business landscape, effective credit management is more crucial than ever. It’s not just about granting credit; it’s about setting the right terms, ensuring timely collections, and safeguarding your business against bad debts. At NZBT, we offer a comprehensive suite of services that cover every aspect of credit management, ensuring that your business remains secure, resilient, and successful.
We know the challenges and difficulties of running a business in these difficult times, and the last thing you need is having to waste time chasing payments. We’ll free you up, to get on with what you do best – which is what you’re in business for.
Key Components of Credit Control
Credit Policies: A well-defined credit policy is the cornerstone of good credit management.
Credit Analysis: This involves assessing the creditworthiness of a potential customer.
Credit Terms: These are the conditions under which credit will be granted to the customer.
What is Credit Management?
Credit Management is the process of granting credit, setting the terms it’s granted on, recovering this credit when it’s due, and ensuring compliance with company credit policy, among other credit-related functions. The goal is to maximize a company’s revenue and minimize the risk associated with bad debt.
The Importance of Credit Management
Cash Flow Optimization
Effective credit management ensures that your business maintains optimal cash flow.
Proper credit checks and risk assessments can help you avoid bad debt.
Good credit management practices can help in building trust with your clients.
How NZBT helps businesses
Effective Credit Management is not just about minimising risk, but also about enhancing the quality of revenue and achieving sustainable growth. Call NZBT now to ensure your business is on the path to success.