Why credit control is the most important part of your business

1st March 2021

If you’re struggling with cashflow in your business, you need a credit control solution.

Asking for overdue invoices can often be a task relegated to the bottom of the list - but it’s vital that it isn’t. £50 billion is overdue to businesses at any one time - and 47% of invoices are paid late. This can not only cause stress and worry for you and your employees, but it can have a serious impact on your cash flow and your business as a whole. With a good credit control system in place, you can focus on doing what you do best. 

It can be daunting to ask your customers for an unpaid invoice, but with an app like itsettled, your credit control will never be a difficult and unwanted task. 

You simply upload your invoices to the app, and will be automatically prompted each time you need to complete the next step - it really is that easy. You can choose to send your invoice letters yourself, or the app can send them for you. You are always in control. The process that itsettled uses has been tried and tested by thousands of customers, and retrieved over £350 million for businesses just like yours. 

Members of Sheffield Chamber can trial itsettled for free and receive an exclusive 20% off subscription rates. For more information, call Sheffield Chamber on 0114 201 8888 or email membership@scci.org.uk.

Find out more about the itsettled service here. 

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