Effective credit control through effective collections process is an important aspect of running a successful business and one which often takes a back seat to other work pressures.
Businesses of all sizes suffer the same problems of constantly moving resources around or not having sufficient headcount or systems to ensure good practice in credit management. A lack of focus in the collection process can cause a loss of momentum, ultimately slowing down payments, extending the age profile of book debts and leading to higher bad debt write off.
This is one of the principal factors to escalating debt balances and can easily be avoided by outsourcing your sales ledger management to a specialist organisation. Controlaccount’s outsourced credit control team deliver an expert credit control service to improve cash flow and reduce the real cost of ensuring a consistent approach, leaving you time and the resources to focus on developing your business.
Perhaps selecting particular markets, segments, customer size or aged of debt, this service will be branded as your company for seamless delivery in the eyes of the customer. It will give you access to a modern platform and expertise without the investment.
For more information, contact us today to understand the efficiencies and potential benefits to your aged debt management and bad det write-off.