Can't get paid on time?
Are you spending enough time on credit management to ensure you grow the business and at the same time you secure your invoices?
Do not leave it to chance or instead of being cash rich you will be cash dry - like a desert!
1. SPECIAL PROMOTION FOR THE ITALIAN MARKET - GET FREE REPORTS TO BETTER MANAGE YOUR CLIENTS IN ITALY
Italy is a difficult market and you must be clear about how to assess the creditworthiness of each buyer. Is that the case?
Have you attended or will be attending MICAM, Pitti or others shows in Italy and are you in doubts about the credit terms you need to place on each buyer?
We are offering you the possibility to screen the boutiques and get a free report on 20 of your Italian buyers so that you know how professional credit managers would recommend you handle the orders you have taken in Italy.
VALID TILL MAY 31st 2013. Just call us.
2. HOW DO YOU HANDLE CREDIT MANAGEMENT?
The success of a Fashion brand is very much dependent on a holistic approach: you must get it right on the product, sales, PR - marketing, logisitcs and credit management.
There are no good sale unless you get paid on time.
A myth: People see credit management as a way to secure payment. This is true of course. The Founder of GFM, Thierry Bayle, has handled over £100 M of invoices over the years and there is no doubts that credit management is very much about increasing sales. There is an Art & Science about collecting deposits or prepayments or getting the buyer to give you all the information you need in case of a dispute. Many orders are not processed or many are produced but not shipped because of poor performace at credit management level. GFM can give you an incredible insight and will implement Best Practice.
GFM can help you implement an in-house or outsourced solution that works.
1. An increased credit coverage from the insurers
2. A faster collection time
3. A proven process to assess your buyers, rate them and set up secured credit terms
4. A local team to set up special payment terms and to follow litigation and disputes ( if outsourced )
5. A payment of your invoices going directly to your bank account ( if outsourced)
Could that be giving you better cash flow? And a greater peace of mind?
Could that help you concentrate on design and selling?
In 2011 & 2012, CASH WAS KING. In 2013, CASH IS STILL KING.
You can't afford not to set up the right foundations for credit management. There is too much at stake: the survival of your brand!
" You do not need to change, survival is not mandatory".
Thierry Bayle, Founder of Global Fashion Management, has had many years experience in credit management both in Europe and the US with many medium to top end brands (Calvin Klein, DVF, Hartford, Kenzo, Moschino, Tehen, Versace ...) and he knows what it takes to be successful when your money is at stake.
3. CREDIT MANAGEMENT TEMPLATES
If you require templates to implement in your company, call us and let us help you.
Credit Management starts with the right foundations and that means you must have THE RIGHT invoice, order form and terms and conditions.
The Terms and Conditions must be different whether you sell in Europe or in the USA. Do you have 2 different sets?
A £50 investment saved a client a $1500 legal fee on a total debt of $4500. Seperate templates exist for Europe and the USA. Make sure you have the right one in place.
4. - DEBT COLLECTION
Do you have several invoices still open beyond the due date?
Do not delay and take action today. We can help you ( directly or through our specialised partners ) and get the money in.
You need the cash to fund the new collection, organise another trade show and expand the business.
No money, no fee!
5. CREDIT MANAGEMENT OUTSOURCING
You may want to work with banks, factors or specialised credit management companies like FDI Log Box, Fidancia or ITP... Get us involved to give you the pros and cons and help you set up a process and tools to make it work from day one.