This plan will probably be the most important action your business has ever undertaken. Restarting your business after lockdown requires all hands on deck. Your credit management team will play a vital role in the success of the plan....
Do you track your overall debtor numbers based on DSO (Days Sales Outstanding) or Ledger Ratios (% in various stages of ageing relative to the total balance) or just simply % of total debtors which is overdue. Irrespective of which way you track your debtors...
A Debtor Plan asks all of the questions of the stakeholders affecting cash flow....
When is the right time to send a third party demand or contact letter a customer?...
An Examinership arises where a Company obtains the protection of the Court to allow it to trade without the fear of the Bank seeking to wind it up or take other enforcement action....
