Recruiting in your credit control department? Credit Collections UK Ltd offers a cost effective outsourced solution for your credit control requirements which will cut the cost of your credit control procedures & staffing levels whilst improving your cash flow.
Your credit control procedures can easily be outsourced to Credit Collections (UK) Ltd leaving you free to concentrate on your core business. You need do nothing more than supply Credit Collections (UK) Ltd with a copy of your aged debt report & our experienced credit control staff & specialist software will do the rest.
Credit Collections (UK) Ltd will work to credit control rules agreed with you in advance to ensure that all of your customers adhere to your credit terms. These rules are applied to all of your customers without preference or influence therefore no customer can fall outside of your credit control terms.
Outsourced credit control services ensure that your credit control policies are enforced every month without fail & are not subject to staff absences or holidays.
The cost of outsourcing your credit control is often less than employing further staff in your credit control department. You can also rest assured that only credit control staff with the relevant experience & qualifications are handling your account.
You may well be surprised at the cost of not having a well defined credit control procedure in place. Suppose your business is due an overdue payment of £5,000.00. For each day that amount is outstanding it will cost you £0.82 in interest (6%). Mulitply that across all of your overdue accounts & you will soon see that effective credit control is a priority.
Suppose that the £5,000.00 remains unpaid because your business does not have the correct credit control procedures in place to recover it. If your net profit margin is 4% then the value of the £5,000.00 in sales is £125,000.00. That means that your income is reduced by £125,000 as a direct result of not having effective credit control procedures in place. On a turnover of £2.5 million, reduced to £2.375 million with this single £5,000.00 debt, your business would have £31,250.00 less profit. You will now be able to see the true cost of not having an effective credit control policy in place.
For a fraction of the cost of the lost profit on one unpaid debt of £5,000.00 Credit Collections (UK) Ltd can ensure that you have an effective credit control policy in place & that all of your customers adhere to your credit terms.
1 Sheffield Road
Tel: 01246 411931