Credit Management and Credit Collection have become in the last years one of the most important management issues. This not without a reason, the payment of an invoice is the last step in a sale, but nevertheless one of the most important steps.
A good Credit Management does not only bring money into the company, it will also increasy the liquidity of the company.
If the payment date has been crossed with 30 days, the profit will be 23,3% lower.
Thats why I want to conclude with the words: "Is it acceptable that you have to loan expensive money, so your customer doens't have to?"