Credit Control Services

Credit Control Services

Outsource your credit control to us so you can concentrate on running business.

We offer a range of business credit control services that can be tailored to meet the specific requirements of each client, and we collect debts of all sizes.

Our team of experienced Credit controllers can recover debts quickly and cost effectively supporting your business with one off debt collections, early stage of the collections cycle, reminders, chaser emails, or our fully managed monthly credit control service, which includes the whole collection cycle of phone calls, letters and emails. 

Where payment is still not received after repeated chasing, we can transition to our debt recovery service by issuing pre-action protocols and 7 day Letter before action notices.

Benefits of our Credit Control Service

  • Reduce debtor days
  • Reduce customer disputes
  • Avoid the costs associated with recruiting, training, and retaining employees
  • Reduce your exposure to bad debt
  • Allow you to concentrate on core business
  • Often more cost-effective than employing dedicated credit control staff
  • Reduce administration costs
  • Avoid the resource challenges presented by annual leave or sick leave
  • Seamless transition to debt recovery

Our Outsourced credit control service starts at just £2.50 + VAT, contact our team today and discover how we can help your business.

We have created a useful guide to make your invoicing process as efficient as possible and help you get paid on time.

Invoicing checklist

  • Is it addressed to the correct person? 
  • Have you included a Purchase Order Number? 
  • Have you provided a detailed description of the goods or services supplied? 
  • Are your contact details clearly stated on the invoice? 
  • Are your payment terms clear? Have you detailed all accepted payment methods? 
  • Invoice Date & Payment Due Date
  • Total Invoice Amount Due
  • VAT Amount if applicable

Enquire Today

FAQs

 A credit control agency is an organization that monitors and manages the credit activities of businesses and individuals. It is responsible for ensuring that credit is being used responsibly and that debts are being repaid on time. These agencies use various methods, such as credit checks, to assess the creditworthiness of individuals and businesses before providing loans or credit.

They also work with lenders and creditors to negotiate payment plans and manage debt collection processes. Credit control agencies play a crucial role in maintaining the stability of the financial system by promoting responsible borrowing and lending practices. They also help to protect both borrowers and lenders from potential financial risks. In addition to monitoring credit activities, these agencies also provide credit counseling services to help individuals and businesses manage their debts effectively and improve their credit scores.

Overall, a credit control agency serves as a bridge between borrowers and lenders, promoting responsible credit practices while also helping individuals and businesses achieve financial stability.

Outsourced credit control cost refers to the expense incurred by a company in hiring an external credit control agency to manage their accounts receivable and collect outstanding payments from customers. This approach is becoming increasingly popular among businesses as it allows them to focus on their core operations while leaving the collection process to experts.

The cost of outsourced credit control includes fees charged by the agency, which can vary depending on the size and complexity of the business, as well as any additional services such as credit checks and legal action. While it may seem like an extra expense, outsourcing credit control can actually save businesses money in the long run by reducing bad debt and improving cash flow.

It also frees up valuable time and resources that would have been spent on chasing payments, allowing businesses to focus on growth and profitability. Ultimately, the cost of outsourced credit control is a worthwhile investment for businesses looking to streamline their financial processes and improve their overall financial health.

 Credit control management is a crucial aspect of financial management that involves monitoring and regulating the flow of credit in a company or organization. It is a process of ensuring that credit is given to customers who have the ability to repay it, and minimizing the risk of bad debt. Credit control management also involves setting credit limits for customers, collecting payments, and managing overdue accounts. This process helps businesses maintain a healthy cash flow and avoid financial difficulties caused by unpaid debts.

It includes strategies such as credit checks, invoicing, and debt collection techniques to ensure timely payment from customers and reduce the risk of losses. Effective credit control management requires constant monitoring and evaluation of credit policies and procedures to adapt to changing market conditions and customer behaviors. Overall, credit control management is an essential tool for businesses to maintain a stable financial position and ensure the smooth operation of their operations. 

 A credit controller is responsible for managing the credit and collections of a company. This involves monitoring and controlling the flow of credit to customers, ensuring that payments are received on time, and minimizing the amount of bad debt. The credit controller works closely with sales teams to establish credit limits for customers, as well as conducting credit checks and analyzing credit applications.

They also maintain accurate records of customer accounts, send out invoices, and follow up on any overdue payments. In addition to managing credit, a credit controller also works to resolve any disputes or issues related to payments and coordinates with debt collection agencies if necessary. Their ultimate goal is to ensure that the company’s cash flow is maintained and that customers fulfill their payment obligations in a timely manner. Therefore, a credit controller plays a crucial role in maintaining the financial stability and success of a company.

 Credit control outsourcing is a form of business process outsourcing where a company hires an external agency or service provider to manage its credit control function. This function involves monitoring and managing a company’s accounts receivable and ensuring timely payment from customers. By outsourcing credit control, companies can benefit from the expertise and resources of the service provider, who may have specialized tools and strategies to improve cash flow and reduce bad debt.

The outsourced agency typically handles tasks such as sending out invoices, following up on late payments, and resolving any disputes or discrepancies with customers. This allows the company to focus on its core operations while ensuring that its cash flow remains healthy. Credit control outsourcing can also provide efficient and cost-effective solutions for companies that may not have the resources or expertise to manage their credit control function in-house.

Overall, credit control outsourcing can help businesses improve their financial management and maintain a positive cash flow, leading to better financial stability and growth opportunities.