Our expert Receivables Management team has a wealth of experience assisting clients in improving the efficiency of their credit and debt management. We provide complete, tailor-made outsourced credit control strategies that help to optimise cash flow and profitability, delivering real value.
Why outsource?
Effective receivables management can significantly affect a business’s success and longevity. Many companies fail simply because of poor working capital, which has been caused by ineffectively managed credit control. Time and resources are often the major factors causing inefficient credit control, with research finding that, on average, only 16% of an in-house credit controller’s time is actually spent chasing debts.
Outsourcing credit control is an effective way to overcome this problem and boasts an array of advantages for businesses. These include improved cash flow, credit ratings, cost efficiency, and protecting client relationships. Outsourcing also enables companies to remain focused on operations, spending time generating revenues rather than chasing debts whilst having the confidence to know that receivables are being taken care of. An added bonus is that this service can also provide flexibility within the workforce. This is because it removes the burden of juggling staff numbers during busy or quiet periods. After all, you can adjust the level of support your business needs accordingly.
Working in partnership with you
We have substantial experience and understanding of the receivables market with links to an international network through worldwide partnerships
Our experts work alongside our clients to implement a range of services, including:
- Outsourced Credit Control
- Overdue debt collection
- Credit management advice
- Reviews – systems, processes and personnel
- Audits – receivable reviews
- Bespoke reporting and attending client visits
- Restructuring services – pre-appointment review of the sales ledger and sales ledger verification
- Insolvency recovery and services to ABLs
Artificial Intelligence
We have partnered with an intelligent cashflow management software provider that uses Artificial Intelligence and Machine Learning to forecast cash flow and optimise finance. This cutting-edge technology, when combined with our focus on relationships and understanding our clients, delivers exceptional results.