Credit Control Tips

Why you have to provide credit to your customers?

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Email_Requesting for Missing Invoices

September 22, 2017

Dear Partner,

We are missing invoices for xxx and xxx period. We kindly ask you to send the same so we may close our 2016.financial year.

Thank you.

Best regards,

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Sample Credit Control Process Follow

September 28, 2017

Day 1: Issue invoice and send to customers Day 15: Call customers to check for receipt of invoice Day 31: Call customers and ask for payment Day 45: Send demanding payment letter Day 50: Call customers to chase for debt Day 60: Send 2nd demanding payment letter Day 90: Pass issue to legal department to chase for debt

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What is account receivable managment?

October 12, 2017

Account Receivables Management refers to the set of policies, procedures, and practices employed by a company with respect to managing sales offered on credit. It encompasses the evaluation of client credit worthiness and risk, establishing sales terms and credit policies, and designing an appropriate receivables collection process.