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Every year late payments cost companies in the UK over £50 billion. This cost of late payments and overdue accounts is often accepted as an unavoidable part of business today. Many businesses believe that chasing late payment aggressively will cause embarrassment and will risk customer relations. 80% of a credit controllers' effort is directed at 20% of outstanding and unsettled accounts, creating dead money after dead money. If you have an overdraft to help with your cash flow then you are effectively subsidising your late payers. Don't put up with outstanding invoices and late payers. CFE cashflow control has the simple solution.
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