Which aspect of business does Credit Control directly impact?

Credit Control plays a crucial role in maintaining a company's cash flow and financial stability. By effectively managing credit, a business can ensure that it receives payments from customers in a timely manner. This directly influences the cash flow, which is the lifeblood of any business. A healthy cash flow allows a company to meet its operational expenses, invest in new opportunities, and maintain a solid financial position.

If a company does not manage its credit effectively, it may face delayed payments from customers, leading to cash shortages and potential financial difficulties. This can impact the ability of the business to pay suppliers, meet payroll, and fund growth initiatives. Therefore, the effectiveness of credit control is directly linked to a company's financial stability, making it essential for maintaining overall business health.