Credit Control Services – pass on the burden of chasing payments

If your business sells goods on credit terms, one of the most time and resource-hungry tasks is chasing payment. In most cases it requires dedicated staff members, and takes longer than it should, meaning that your cash flow is affected both by payment delays and by the payment of additional salaries.

Outsourcing your credit management to a Credit Control Service can completely change this situation. You no longer need staff to chase invoices, and, with an expert team dedicated to your debt management, you are often paid faster, thus freeing up cash flow for more productive uses.

When you use a Credit Control Service, the process is very simple: you issue invoices as normal, and then sit down with your client manager to identify key customers and when they should be chased. Your Credit Control Service will then issue statements and remittance advice at the relevant time, followed by reminder letters if required.

If you are facing cash flow and resource issues due to the burdens of chasing invoices, Credit Management may be the best solution. To find out more, simply call the above number or click on the link for a free quote. Factoring-uk.com is the property of Hitachi Capital Invoice Finance, members of the Asset Based Finance Association.