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How Much Is A/R Administration Costing You?

Published: Mar 14, 2019 | Last modified: Mar 14, 2019
The true cost of accounts receivable (AR) is rarely known or just ignored. But the fact is the AR costs can turn out to be surprisingly large. A 2017 survey carried out by the Hackett Group found that effective accounts receivable collection strategies can have a positive impact on th...

Bad Debt on Small Business is a BIG Risk

Published: Feb 18, 2019 | Last modified: Feb 19, 2019
Bad debts should not be taken lightly. Debts that cannot be recovered are losses for a business. Failing to reduce the bad debts can have a devastating impact on the financial position of a company. Let's find out how your business can be affected when customers default on their pa...

5 Tactics to Improve Cash Flow for Small Business Owners

Published: Feb 11, 2019 | Last modified: Feb 11, 2019
Cash is the lifeblood of any organization. Without sufficient cash in the account, an organization will cease to exist. That's why it's critical that you take measures to improve your business's cash flow position. In this blog post, you will learn about five cash flow management t...

Cashflow Management 101 for Businesses

Published: Nov 2, 2018 | Last modified: Nov 2, 2018
Cashflow management is essential for the survival of any business. Whether you an owner of a small business or the financially responsible party for a larger company you need to efficiently manage your cash through effective cashflow management. But what does cashflow management actua...

Benefits of Outsourcing

Published: Jul 26, 2018 | Last modified: Jul 26, 2018
Outsourcing is defined as a method employed by companies where they entrust external vendors with their business processes. As opposed to recruiting employees for the specific purpose, firms are often inclined to allocate resources to vendors that are contracted to perform the task instea...

5 Secrets to Utilizing Staff Time More Effectively

Published: Apr 3, 2018 | Last modified: Apr 3, 2018
Business owners and executives focused on the financial aspect of the company are continually reviewing how to limit expenses without having their services or products suffer in any way. Outsourcing services to specialists rather than hiring employees internally to complete certain task...

Save Money Save Time

Published: Mar 1, 2018 | Last modified: Mar 1, 2018
Outsourcing as a Cost Saving Measure for Corporations Most companies face a lot challenges in keeping the cost down. The very success of their operations depends on being able to cut down the costs without jeopardizing their mission. One effective measure that most managers tend to ...

Cash Flow Case Study

Published: Jan 26, 2018 | Last modified: Jan 26, 2018
Credit Management Group (CMG) Helping Clients Improve Cash Flow with Its Proven A/R Management Process Credit Management Group (CMG) has helped out clients in streamlining their account receivable system. We have a unique 4 Phase Accounts Receivable Management system that is proven to...

How Outsourcing the Workflow Can Result in Improved Efficiency

Published: Nov 15, 2017 | Last modified: Nov 15, 2017
Outsourcing the workflow will reduce the burden on the office staff. This can result in increased efficiency, reduced costs, and streamlined operations. A good reference of outsourcing is payroll that used to be processed in-house, and now only makes sense to outsource to cut costs and ge...

Importance of Hiring Accounts Receivable Management Company

Published: Jun 28, 2017 | Last modified: Jul 5, 2017
Importance of Hiring Accounts Receivable Management Company Capital is the lifeblood of every organization. Without regular inflow of capital, it's is practically impossible for a company-whether big or small-to continue operating. While customer incentives such as credit sales can he...

Your Accounts Receivable Is A Valuable Asset That Should Not Lay Dormant.