Recovering money owed to you from customers can be a delicate subject, so having a business partner that understands your business and the issues faced in recovering past due invoices is vital in debt collection: we understand that you have worked hard to establish your reputable veterinary practice and build a solid customer base and we want to protect that. When debt recovery is necessary, Controlaccount Plc will use its experience, expertise and professionalism to strengthen the relationship between you and your customers. We work with leading veterinary practices to recover their overdue invoices by providing a range of services that ensures early recovery and promotes a positive payment culture.
Controlaccount has provided a fast and proactive Animal Healthcare Debt Collection Service for more than 30 years on a no collect, no fee basis, delivering considerably better levels of service than other agencies in terms of understanding the sector and customer care. A well respected organisation in the field of veterinary practice debt recovery, our methods in collecting overdue accounts are fair, transparent and ethical taking into account your need to collect your debts whilst preserving customer relationships and protecting your business reputation.
Our overall approach to debt recovery means we can provide solutions for a whole range of debt problems including, current ledger balances, aged debt, written off debt, post judgement, low value or absconded debt all of which are fully contingent upon success so there will be no cost to you should we be unable to collect. We take all appropriate actions available to us in resolving any issues including any tracing or investigative work needed to locate your debtor should they have moved and the locating of any assets which may help in the recovery of your debt where we determine that there is a tangible outcome of an award being made in an undefended court action. We will also meet the costs of the court action from recovered funds.
We also provide a range of Legal Debt Recovery Services from relatively straightforward County Court action, through to High Court, Insolvency and complex trade disputes. Controlaccount's in-house Legal Department has the capacity and capability to undertake actions in all jurisdictions.
Some of the benefits of using our commercial debt collection service are:
Controlaccount Plc is fully compliant with the Credit Services Association (Member 23) and is fully accredited with both ISO 2701 and ISO 9001. Controlaccount Plc comply with GDPR and the Data Protection Act and any subsequent legislation at all times. We have a 30 year trading history to recommend us and you have our assurance that we will always act with integrity and in the best interests of our clients and their customers.
If you would like to learn more about how Controlaccount Plc can collect outstanding monies for your business on a no collect, no fee basis, please email sales@controlac count.com or call 01527 549522
Days Sales Outstanding or DSO is a calculation used by a company to estimate their average collection period and measures how well a business accounts receivables are being managed and how efficient credit control departments are performing. The lower the days or ratio, the better it is for your business. If your business has a high days sales ratio, you may struggle to convert sales into cash flow. Try our calculator to find out how many days you are financing your customers.
From experience, we understand "Best Practice" for DSO within UK industry sectors.
You can compare your own DSO to this: