Risk Management Does Not Limit Your Business - It Enhances Your Business Opportunities.
Many people presume Credit Management and Accounts receivable is about debt collection. Others believe Risk Management is about looking out for negatives in business, rather than positive factors. However, these factors are not what true Credit, Accounts Receivable or Risk Management is about.
Kim Radok founded Credit Matters in 2001. Over the years, as circumstances evolved, so too has Credit Matters. A willingness and ability for continual change and flexibility is vital to survive and grow during the best and worst of times.
Operating a profitable business is a tough proposition today, you just need to look at all the negative stories in the media. A few of these factors are associated with COVID, the possibility of a pending recession, increasing inflation and the risk of another war in trouble spots around the world.
To avoid making costly mistakes and to increase your profits, it would be wise to understand the principles of credit management, accounts receivable business risk. By understanding these principles, you will discover many potential opportunities, even in turbulent times. After all, identifying bad risks early, mean losses are avoided and there will be greater potential for future success.
Contact Kim today for more information on how to operate profitably by understanding the nature of risk and profiting from it.
Open for Business!
Need help with
Credit or Accounts Receivable
Currently, I am between a number of assignments and have time available to assist if required. Therefore, I am open to additional business, whether that be a review of your credit and accounts receivable operations or picking up the telephone and calling your customers about unpaid invoices.
Tenure and rates are always negotiable.
Quote of the Month
This Month's Quote...
… if you look for truth, you may find comfort in the end, but if you look for comfort, you will not get either comfort or truth by CS Lewis
Each month, Credit Matters researches and introduces a quote as the basis for the segment Monthly Business Observation in our monthly newsletter.
Want to know more? Click here to read the article in this month's newsletter
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Online Store Feature Product
The Human Sins of
Technology in Business
Many years ago, when asking about the errors associated with unpaid invoices, I was often informed that “… our computers don’t make mistakes!” Of course their computers don’t, however, the humans inputting the information into their computers do!
This feature is not about discouraging the use of technology in business. Rather, it is focused on the positive aspect of making better business decisions on how technology can be used more constructively for the benefit of all stakeholders.
Real Person Consulting and Contract Assistance
Real Person Consulting and
Contract Assistance
It is far more Profitable and Productive to Engage a Professional with Sound Experience.
Irrespective of your business predicaments; often, it is simply easier, faster, and more productive to engage a seasoned professional. They have extensive knowledge coupled with many different experiences to help you resolve, identify and implement strategies for greater success.
Kim is available, either as a mentor/sounding board, short-term consultant, or as a contractor.
Kim’s expertise within the specialty of Risk Management focuses on maximising cashflow, customer engagement, profitable sales, and profits. On the other side of the ledger, he is extremely proficient in minimizing fraud, identifying lost cashflow, customer claims and bad debts. Communicating with troublesome clients is a vital specialty. Whatever your issue, Kim will do the required work himself, and/or train your staff on how to be just as effective.
Don’t delay in contacting Kim from Credit Matters to discuss his array of professional services available to assist your company to survive and thrive. To evaluate this unique opportunity further, Kim offers a no-obligation, free consultation, contact him today on 0411 649 261, or email here. Click to see email
Credit Matters Blog
These blogs are designed to motivate business people and other professionals to improve their business operations to better understand financial risk management issues.
Improving the way you manage your financial risk management obligations, will assist to improve sales, cashflow and profits, whilst enhancing stakeholder relationships.
Latest Blog Post:
WHAT HAS BEEN LEARNT SINCE THE GFC AND COVID? UNFORTUNATELY, TWO GREAT BUSINESS LESSONS WERE MISSED.
Within the last 20 years, we have seen two major events occur, which as bad as they were, provided two great business lessons. Unfortunately, it appears many businesspeople, governments at all levels, the RBA and many media commentators have not appreciated these lessons. The lessons learnt, can be summed up as follows.
- Cash in bank equals freedom and endless profitable opportunities.
- Debt equals handcuffs to disappointment, loss of opportunities, and unfortunately, often to insolvency and bankruptcies.
- WHAT HAS BEEN LEARNT SINCE THE GFC AND COVID? UNFORTUNATELY, TWO GREAT BUSINESS LESSONS WERE MISSED.
- THE PROBLEMS OF SELLING ON CREDIT ARE UNIVERSAL, NO MATTER WHAT COUNTRY YOUR BUSINESS OPERATES IN. - PART 2
- THE PROBLEMS OF SELLING ON CREDIT ARE UNIVERSAL, NO MATTER WHAT COUNTRY YOUR BUSINESS OPERATES IN. - PART 1
- YOUR CUSTOMER SERVICE TODAY IS THE WINDOW TO YOUR BUSINESS – MAKE SURE IT REFLECTS THE BEST YOUR BUSINESS CAN DO
- THE CURRENT WORLD DEBT CYCLE AFFECTS ALL OUR BUSINESS AND PERSONAL LIVES ONE WAY OR ANOTHER.
Surviving The Recession - 10 Essential Steps
Surviving the Recession
in 10 Essential Steps
It is apparent from many sources that another recession is potentially not far away.
Irrespective of your beliefs about the current state of the economy, nothing will be the same for anybody in the future. If nothing else, COVID-19 has shown us that we all need to change and adapt to a new order, and often very quickly if we are to survive.
To survive the recession and come out the other end in the best possible state, your objectives must include identifying whether you have the financial resources to survive, especially in the short term. If you don’t have these resources, working to close down your business with a minimum of financial, emotional and reputation loss, may be the best decision you ever made.
Reviewing a Recession - A Calendar of Events
Reviewing a Recession
A Calendar of Events
Updated January 2022
From all the stories in the media, it would appear that another recession is potentially not far away. The extent of any recession that does eventuate are not yet clear for every business. Despite the huge cost in commercial, social and people terms however, there are always opportunities to minimise the damage or to perhaps survive and grow.
The purpose if this feature is to simply and briefly document the major events which are occurring in the hope we can all learn from this event. After all, there are many aspects of this recession which can benefit our commercial endeavours if only we can keep our minds open and emotions in-check
Sales Replacement Calculator
Sales Capital Cost
Replacement Calculator
Due to our current circumstances around combating the COVID-19 outbreak, it’s totally reasonable to expect, or at least prepare for, a global slowdown – and even recession.
Two factors I've constantly encouraged business owners and managers to focus on – after cashflow – have always been the costs of bad debt write-offs and the cost of fixing mistakes.
Credit Matters has a produced THE SALES and CAPITAL COST REPLACEMENT CALCULATOR to identify the cost of replacing capital lost when the account is written-off or mistakes have to be processed.
Government Agencies
Government Agencies
Government agencies are a source of helpful and valuable information to mitigate some of the risks of operating and managing a business. The information is designed to help you operate within Government guidelines and Legislation. In addition, you will also find information to help you understand your rights in business.
In today's world, ignorance is no excuse.
Credit Matters has provided these access details to Government Agencies to keep yourself better informed and help you to better navigate the world of business.
Professional Bodies
Professional Bodies
Joining a professional body shows you are interested in the development of your career. There will be many professionals which will not show a similar initiative. Today, you need every advantage in this very competitive business environment.
Professional bodies provide the following opportunities and advantages and an acceptance of your professional qualifications by your peers.
- Training and conference opportunities to maintain and update your qualifications, mostly at a discounted rate to that of non-members.
- Newsletters and magazines keep a professional in touch with current information and legislation applicable to their industry.
- Networking opportunities enable you to meet your fellow peers and professionals from associated professions.
- The joining fee and annual subscriptions are reasonably priced and an investment in your long-term career.
If you are not yet a member of a professional body, review the professional bodies listed with Credit Matters to add value to your career.
Testimonials
Credit Matters is an essential MUST DO tool for all potential and existing businesses to ensure all threats of diminishing the financial viability are identified and treated. The fields of fraud, theft and deception are complex and often flourish when persons and businesses will inadequate preventative tools are purposely targeted by the fraudster. Credit Matters provides colleagues with ‘criterions to think with’ in relation to preventing crime for colleagues and their businesses. Credit Matters is a proactive source in all categories of business loss management promulgating best practice based on experience and quantified financial preventative achievements. Credit Matters is a free service and has made great contributions to the industry. Credit Matters Founder Kim Radok is one of the most respected practitioners in the field of financial management. It is recommended for all colleagues to visit Credit Matters Website.