Credit Control is a core function of any successful business. Here are five reasons why you should consider Outsourced Credit Control.
Read more about Outsourced Credit Control below or request a free appraisal of your debtor book and overview of your credit control systems and procedures. This free service helps identify those debtors that are causing you the most problems. Our initial consultation is free and imposes no obligation on you to engage with us.
We speak your language; we are local to you and we understand your business. We have been collecting construction ledgers for nine years, understand the industry, the processes, the problems and the excuses!
We can offer you a flexible solution to your credit control problems. Its like having an extra person (or half a person, or even a quarter!) but without all the employment complications.
We will tailor our costs to meet your requirements. Our fees will depend on how old or difficult the debt is, how many debtors you want us to manage and how your contracts/invoices work.
In order to provide you with an accurate quotation, we would ask to review your sales ledger and understand your current position.
Our quotation will break down our fees stating clearly the cost of our services. We will always give you a transparent breakdown as our aim is to give you a cost-effective solution to your own in-house collections team. Typically, if we were asked to manage up to 20 debtor accounts of mixed complexity, we would charge you a day’s cost which, typically, is £250 plus VAT.
They had a problem with overdue accounts; between a quarter and a third of their 200 customers take unfair advantage by exceeding credit terms. We provide a service to credit control their (60 – 70) overdue accounts for an all-inclusive price of £900 per month. This is around half the cost of a full-time credit controller.
Subject to our satisfactory appraisal of your client file, we will provide debt recovery of individual aged and disputed debts on a “no win – no fee” basis. Typically we will charge a fee relating to 25% of what has been recovered.