- 02 Aug
Credit Control Agency
Credit Control Agency
One of the credit control agencies that we work with have been able to provide some first class credit control support to one of our clients, who needed help getting their unpaid invoices collected in. The agency took over the collection of the invoices from customers and they have improved the speed with with they are paid, reducing our client's debt turn. So they have a good track record of working with us.
The agency have just told us that they have agreed a credit control agency contract with a multi-million pound turnover business, based in the UK, but who also have an operations center in Europe.
Our partners have a team of credit controllers who are multi-linguistic. They were able to visit this particular client, in Europe at very short notice, to review the ledgers. They have agreed to bring them in-house, and take over the function for this large organisation. They will be carrying out the credit control in respect of the customers, who are based across Europe. No doubt their language skills will come into play in collecting from debtors across various parts of Europe.
Significant cost savings can be achieved by using part of the time of an external team of credit control staff, rather than having to employ a team in-house. It also avoids having and employment responsibility for the staff undertaking this function.
Our partners are actively looking for more large organisations who are looking to outsource their credit control function, whether in the UK, Europe or even further afield. If you would like help from a credit control agency, with a proven record, please contact us and we will put you in touch.
Other Credit Control Resources
If you want to handle your own credit control we have a free credit control guide that might be helpful.
Even if you are a small business looking for some help, we have partners that will be able to provide you with a cost effective service, to save you having to do the work yourself or having to employ a credit controller.
- 07 Apr
Do You Know The Standard Payment Terms Your Customers Can Take?
Did you know that the standard payment terms in the UK are 30 days from the date of your invoice?Many will not be aware that if you did not specify payment terms within the contract with your customer, there are default standard credit terms that will apply to your invoice. At the current time, those are payment within 30 days of the invoice date. You can check this for yourself on the government...
- 20 Feb
Chasing Invoices Via Social Media
I noticed an interest in chasing unpaid sales invoices via social media and I thought it would be good to add something about this to our existing comprehensive credit control guide.The first question is whether this is the right channel to use or not?I think the truth is that if you have resorted to using social media such as Twitter, Facebook, LinkedIn or Google+ to chase your invoices, you...
- 17 Nov
Need Help Chasing Invoices?
Do you need help chasing your unpaid sales invoices? Our focus is often on sourcing finance for our customers, but in some cases it is a credit control service that they need, and we have plenty of options available.We have a number of providers that can offer these types of services, and using them can both speed up your debt turn, get your invoices paid and remove the need to employ your own...