Save time and money leaving you to get on and run your business.
Cash is the lifeblood of your business. Outstanding invoices cost you money and can expose your business to the risk of a bad debt. To avoid this, you need experienced credit controllers with good systems and processes to deliver an effective credit control function. Skills that may not be available or are too costly with many firms relying instead on customers goodwill to pay monies due.
Our outsourced credit control solution removes the hassle of chasing and collecting payment saving you time and money. Your dedicated credit controller will work with you to understand your business and your customers. They will deliver a full credit control service from confirming there are no issues with the invoice, sending reminder letters and maintaining regular and consistent communication with your customers to ensure faster invoice payment. You can review your online account to see who has paid. We can also support you in the event of non-payment by providing a fixed cost litigation service. The service can be either confidential, so your customers do not know we are involved, or disclosed.
1. Your dedicated credit controller agrees with you the contact strategy with your customers which will be a mixture of reminder letters, statements and telephone contact
2. You send us copies of your sales ledger
3. We contact your customers to collect payment always treating them politely as you would
4. We provide monthly statements and will collect invoice payment from your customers
5. We pay you the value of the invoice minus our fees
Our outsourced credit control solution is most suited to businesses with up to 300 debtors and who are looking to free up valuable time to spend chasing new business rather than invoice payment.
Every business is different and therefore we tailor our fees to you. Our fees are based on a simple cost per debtor per month fee. The fee depends on how old the debt is. In order to provide you with an accurate quotation, we need to review your sales ledger to understand how old your debts are. Obviously the older the debt is the more difficult it is to collect and therefore our fees will reflect this. Our quotation will breakdown our fees stating clearly the cost of collecting different ages of debt. Our aim is to deliver a service which improves the time it takes for your customers to pay you therefore speeding up your cashflow.
Working with Pulse Cashflow, they reduced our debtor days from 73 to 40 days over a 12 month cycle which released £67,000 into working capital. That can be used to proactively grow the business."
Following an Informal discussion and a review of your sales ledger we will be able to provide you with an in-principle decision within 24 hours. We don’t believe in lengthy processes, so you can be assured that we will work to put a facility in place as quickly as you need it.