Long-time customers can become bad debtors if credit checks are neglected, businesses warned
By James Harkness · 26 July 2017 · Finance
By James Harkness · 26 July 2017 · Finance
Australian businesses are leaving themselves vulnerable to bad debt by neglecting credit checks on existing customers. The consequences could be disastrous - don't wait to find out what new research reveals.
Nearly one in two Australian businesses are leaving themselves vulnerable to bad debt by not performing credit checks on their existing customers, new research shows. In a survey conducted by Australian credit bureau CreditorWatch, business owners, accountants and credit professionals from small to large-scale businesses were asked questions in relation to their credit management responsibilities. […]
Tags: Colin Porter, Credit, credit bureau, CreditorWatch, Debt, Small Business, supplier