Why should I outsource my credit control functions?
Cash flow is a crucial factor behind the success of any business. However, businesses may end up focusing heavily on generating sales while not investing enough efforts into collecting the money from their clients or customers. When you outsource your credit control function to us, we will help you avoid bad debts, reduce aged debtors, prevent credit extensions to high risk customers, and achieve higher collection targets. We can help you gain a more structured and consistent approach to outstanding debt management, while freeing up your accounting team from the burden. It will also help you to reduce the number of accounts that require action like debt recovery and legal action.
Will customers know that we outsource our credit control?
No. All of our communication with your customers will be in your name, providing consistency and transparency.
What are the main benefits of outsourcing credit control?
We can enable your business to keep a systematic and detailed record of clients, offer gentle due date reminders, provide swift query resolution, conduct polite but firm follow-ups for late payments, escalations, and dunning letters & statements. Overall, we will significantly reduce late payments and bad debts while improving your customer relationship.
Will outsourcing my credit control activities affect my customer relations?
We believe we have a customer-centric approach to payment collections. The key role for us is to build trust with your customers and encourage them to make timely payments. We will also provide you with regular updates and reports on their activities to ensure you’re in the loop.