Outsourced Credit Control

Credit control is of utmost importance for the prosperity of any business, as it minimizes the delay in receiving payments and enhances cash flow. However, not all businesses possess the requisite time, resources, or expertise to effectively manage credit. In such cases, outsourcing credit management can be a more cost-effective and efficient solution.

At Corporate Debt Recovery, our discreet credit control service assumes the responsibility for this critical function. This allows you to focus on your business, confident that your credit management is in the hands of experts.

What does our credit control service involve?

  • Pre-due date verification calls or emails to confirm receipt of invoices, determine expected payment dates, and pick up on any disputes
  • A series of confidential credit control calls, emails, and letters for due balances
  • Monitoring of lapsed verified payment dates with follow-up phone calls
  • Escalation to nominated client contact for query and dispute resolution
  • Further communication where necessary to secure payment
  • Escalation to issue Letter Before Action
  • A dedicated credit controller

Benefits of outsourced credit control

  • Get paid faster and improve your cash flow
  • Regain the time to focus on core activity and growing your business
  • Often more cost-effective than employing dedicated credit control staff
  • Avoid the costs associated with recruiting, training, and retaining employees
  • Avoid the resource challenges presented by annual leave, sick leave, or parental leave
  • Peace of mind that your credit control is in the hands of the experts
  • Preserve customer relationships

Why Choose Corporate Debt Recovery?

We recognize that credit control is not merely a transactional process, but rather an art of fostering relationships while ensuring prompt invoice collection without compromising customer rapport.

Our team of experienced credit controllers, equipped with extensive cash collection expertise across diverse industries, employs a telephone-based approach to provide a comprehensive and professional credit control service at a cost-effective rate.

FAQs

By outsourcing your credit control functions, your team can concentrate on core operations and revenue generation, while our experienced team focuses on enhancing your cash flow and credit standing. This strategic solution preserves your customer relationships while providing the flexibility to manage fluctuations in business activity.

A Credit Controller is accountable for the collection of invoices and the monitoring of customer credit. Responsibilities encompass the processing and generation of reminder correspondence and monthly statements, the compilation of daily and month-end reports, the reconciliation of accounts, and the resolution of unpaid invoices.