Many businesses are so focused on winning customers and actually doing the work that cash flow is neglected. This can create real liquidity problems, encourages customers to take their time and means that late payments and bad debts can become a real headache.
We can help in two ways:
Credit control consultancy
We can help you put a rigorous credit control system in place. We’ll start by clearing up any existing bad debts. Then we’ll guide you through credit control procedures and debt recovery processes, plus implement a robust and easy to manage system tailored to your specific needs. We can also include staff training and offer continuous support and monitoring.
This will dramatically improve your cash flow. Once customers know that you will not tolerate late payments they tend to settle invoices more punctually. It also makes it easier to spot persistent late payers and to bring any problems under control.
The is tailored to your specific needs and the cost is very reasonable – just give us a call if you’d like to discuss how we can help you.