Credit Control Service
Improve your company’s cash flow with our outsourced credit control service for small and large businesses.
Chasing invoices and payments is probably the most socially awkward task in business accounting. Many people don’t like to do it, but it has to be done. It shouldn’t have to be such a chore – in an ideal world, businesses would get paid for the products and services they provide on time.
However, staying on top of cash flow is often a common issue for many business owners who don’t have the time, resources or perhaps the expertise for successful credit control.
What outsourced credit control means for your business
- Seamless integration of credit control in your company. As well as having excellent customer service skills and a methodical approach, our team have worked with companies in a variety of industries and sectors – we get business
- Through the use of data modelling and the analysis of customer behaviour, our team recognises future sales and up-sell opportunities.
- Reduce the need for additional funding or loans. Strong credit control practises often means our clients can invest in the next product or service development without the need for further finance
- Regularly review the status of existing customers in order to minimise risk. Regardless of whether a company has paid on time historically, a business’ circumstances can change
Pricing for credit control
Our costs are calculated by time spent on your collections rather than per customer. This way we’re able able to keep the pressure whilst demonstrating that that payment within the agreed terms is important to the company and the relationship. For more information, talk to a specialist member of our team today.
Outsourcing credit control
Strong cash flow is the foundation of any business’s success. Credit control, a critical function of any robust accounting firm, is all about grabbing the bull by the horns. It’s about being proactive but also sensitive to factors that may have caused a delayed payment. We find we get better results when our approach isn’t hard but simply professional, building rapport with clients.
Most businesses find it hard to justify the costs of a dedicated credit control specialist. However, culturally, there is a belief that chasing payments could be done internally, never considering the cost implications or the time wasted.
Outsourcing credit control to an accounting firm like MNE Accounting isn’t simply about passing the buck. We’ve invested in the industry’s best technology and implemented proven processes that make credit control faster, more efficient, and cost-effective.
Let’s talk about credit control
Speak with one of our expert accountants today by calling 0116 255 2422 or alternatively drop us a line using the form below.