Good Credit Management and cash control are the keys to building a successful business because " you only run out of cash once".
At Debt Control Limited we provide an outsourced credit control service which can be operated on a disclosed or undisclosed basis.
It is not a requirement that the whole of your debtor ledger is passed to us for collection, you decide which accounts are no longer cost effective for you to continue chasing. On inspection of the debtors it may become apparent that outsourcing may not be required and that our debt collection service is more suitable.
Outsourced credit control focuses on a company's balance sheet, because the invoice-to-cash cycle is where the most dramatic gains in efficiency, productivity and cash flow can be made.
The benefits of outsourcing credit control are
- It allows you to focus on your core business activities while we collect the debts on your behalf
- Experienced credit control staff
- Proven credit control policies and procedures
- Seamless transfer to our debt collection service
- Improved cash flow
- Up to 50% cost saving (compared to using own staff)
Our fee for this service is tailored around your requirements and can be undertaken on a fixed fee basis. The fee is determined by the number of accounts, value and age of the Debts. For a typical small business our costs for complete outsourcing would be c £75 pw.
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