- 02 Jun
Example Of Costs Of Credit Control Outsourcing
For an example of the costs of credit control outsourcing and the cost benefits over employing your own credit controller please see this page: Outsourced Credit Control.
With an outsourced credit control service, the provider will normally undertake all the telephone chasing of debtors, production of statement and production of chasing letters, on behalf of their client. The differences between services can be large though, so be careful in selecting an outsourcer.
In the example given, the cost of outsourced credit control is significantly less than that of employing a credit controller, even on a part time basis. The distraction of the business owners undertaking the invoice collections themselves can be even more costly, as time is diverted from the more important functions such as running the business and seeking new sales.