Tracing is an effective way of turning absconded debt back into positive cash flow, selecting an established agency that understands why re-engaging with subjects is more than just supplying a new address and is an essential component to improve recovery performance and reduce bad debt provisions. We deliver cost effectiveness trace solutions designed to reconnect your business relationship and improve overall debt collection performance. Our highly skilled trace team understand that once a subject disappears it is not long before they start to leave electronic footprints, by utilising an extensive range of research tools links can be established that provide an experienced tracer with the movements and locations of individuals and organisations in the UK and Worldwide.
Reasons why you should consider Controlaccount for your trace services:
Success rates of up to 85% - our trace services can remove one of the greatest sources of frustration for credit management staff: the inability to pursue outstanding accounts because the subject is no longer contactable. Our service is vital to improve the recovery performance.
Our experienced and highly trained investigation workforce creates many thousands of opportunities for debt recovery through tracing, underpinning much of the work we undertake for our own debt recovery customer base as well as for trace only clients.
Throughout our trace process we maintain rigid quality standards We provide independent address and source confirmation whilst operating in accordance with the Data Protection Act and guidelines issued by the Office of Fair Trading and Credit Services Association.
In outsourcing debt recovery to Controlaccount Plc Plc you'll see the benefits of our database access and unique case management software. Combined with the expertise of our experienced, trained team this produces high success rates and a reporting process that is timely and accurate.
As a trusted trace agency, Controlaccount has a range of services designed to support Clients. Services available include:
Controlaccount has a proven track record and our trace services are totally customisable to suit your needs. To find out about how our Trace Services can benefit your operations, please email sales@controlac count.com
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: