Improving the management of your sales ledger

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Improving the management of your sales ledger

The New Year has prompted many companies to take a fresh look at the management of their sales ledger. Helen Child, G-T-P’s Chief Executive outlines the three key areas businesses need to consider...

Do you KNOW who your customers are and that they have the ability to pay?
If you're already operating credit accounts for your customers, you'll be well aware that granting any form of credit exposes your business to credit risk. Effective credit control starts with effectively credit checking new customers. G-T-P provides an online credit account opening facility that enables you to open a credit account within 5 minutes, including a full credit opinion and applying your credit rules.

Could you make it EASIER for your customers to do business with you?
Take a fresh look at the way that your business customers purchase from you and ask yourself if you could streamline your business sales process. An own brand Account Card could reduce your transaction times at the till by up to 85%, and is ideal for online credit account purchases as well. In fact 60% of Travelodge Business Account Card customers rate "ease of use" as the most important benefit of the card.

Could you improve your cash COLLECTION process?
EVERY business could benefit from spending less time chasing late payers. Are there any ways that you could make it easier for your customers to pay your invoices on time, for example by offering Direct Debit or a facility that lets your customers conveniently manage their credit account online? It's also worth considering outsourcing your collections process to reduce your costs and prevent bad debt.

Offering your customers an Account Card and outsourcing the whole or part of your sales ledger to G-T-P, could have a positive impact on your cash flow and profitability. Click here to find out more about how an Account Card could improve your sales ledger management or email This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

Travelodge Business Account Card
Pilkington Green Card

 

 

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