Cash & Credit Control Tools
In business, Cash has always been King, but in the last few months Cash has become more of an Emperor effectively ruling over more than one kingdom!
A key component of any cashflow is receipts from your customers and most businesses are hanging onto their cash as long as possible before they pay their suppliers.
Resolving this potential impasse requires a firm and understanding approach to credit control in order to collect cash from your customers.
There is some great software available which can help with credit control and cash management.
As a Part Time Finance Director I am often asked for advice on which tools I would recommend, here are two of my current recommendations.
Chaser - you can try this credit control software for Free using their Free trial offer and then subscribe on a monthly basis with prices brackets depending on invoice volumes and the number of users.
Fluidly - Providing cashflow management , cashflow forecasting and credit control functionality, this subscription based software is an excellent tool and it also integrates with software such as Xero.
