Without a consistent, effective credit control strategy, you may be wasting hours of your vital working day, chasing payments. If this sounds like your current reality, it is highly likely that our credit control services here at The Financial Management Centre will offer great benefits.
From our expert guidance, ensuring an effective credit control strategy is in place, to providing you with greater time to spend on business activity, see how our credit control services will bring value to your business.
We Make Sure Your Getting Paid
We keep track of and ensure payment of your invoices.
This allows us to pay our bills and staff and keep liquid cash flowing through the business.
Shorten Payment Times
Some businesses can wait 90 days before they receive payment for services.
We can work with you to reduce this time and get paid faster.
We can help you to optimize your credit terms and take advantage of new opportunities around these terms.
OUTSOURCE YOUR CREDIT CONTROL
Without outsourcing your credit control activity, it is highly likely that you’ll either:
- Spend unnecessary time chasing payments, reverting your efforts from further important business activity.
- Wait a long period of time for client payments.
Both of these situations are highly undesirable – yet can be avoided through our accountancy services here at The Financial Management Centre, including credit control. To cater to client needs greater, we can also create bespoke credit control services and strategies, helping to control the ongoing maintenance of accounts.
To find out more information on how our bespoke credit control services can work for your business, contact our team of specialist business accountants today. We offer our services across our new Aylesbury and existing High Wycombe centres, spanning across many local areas.
BESPOKE CREDIT CONTROL SERVICES
Here are a number of our sought-after credit control services, with the ability to merge for a bespoke strategy:
- Deciding what credit to give clients/customers
- Create and maintain an effective credit control strategy
- Update and reconcile your business sales ledger
- Review and potentially adapt your credit terms
- Complete credit checks on current or potential clients/customers
- Send out letters for outstanding debt
- Chase and send payments
- Produce an aged debtor, providing data on the level of overdue credit
- Provide ongoing details of your credit control strategy and data
- Offer recommendations and guidance to clients when legal enforcement is required
As a standard, the above credit control services are offered through our accountancy services. Yet, bespoke pairings can be created to meet the needs of your company.
Fixed fee credit control
Here at The Financial Management Centre, we offer a fixed fee credit control service. We appreciate how costly implementing the above credit control services can be, especially for small businesses. Avoid this overspend by opting for our fixed fee credit control service, offering you peace of mind that your accounts can be managed.
Revert your attention back to important business activity, while providing our team of accountants with the ability to chase invoices for you. We will continuously ensure that your cash flow is positively maintained by following a bespoke credit control strategy, ideal for your business needs.
Avoid chasing payments or spending unnecessary time on credit control activity by outsourcing yours to our business accountants. Alongside credit control, we can offer further accountancy support through our wide range of services. Invest into your accountancy activity and experience the highly probable positive benefits for both your business and finances.