Credit control.

While most business understand the need to insure their property and liabilities, few appreciate the importance of protecting against trade debts. Simon Threadgold reports.

As any small business knows, getting payment from your clients takes
more time than it should. It can play havoc with your cash flow, and you
never do get money from some customers.


This problem is not confined to small firms. Multinationals can suffer
just as badly when things suddenly go pear-shaped in countries such as
Indonesia. Despite their best efforts at risk management, many companies
accept that over time, bad debts will amount to as much as 1% of
turnover.


It is a wonder that more of them