Sales Ledger Account Management
If you are experiencing delays in receiving payments from debtors, we can help and there is also often a significant cost benefit in outsourcing your credit control function.
We can introduce you to specialist sales ledger account management organisations that will help you with credit control and work with you to reduce the time it takes to receive payment from your customers (your accounts receivable).
This can even be conducted on a confidential basis so your customers will believe that it is you that are calling them rather than a third party ( Confidential Factoring).
Sales ledger account management services can be provided alone or in addition to finance against your outstanding sales invoices or protection against bad debts. We also have links with specialist consultants that will help you improve the effectiveness of your in-house credit control releasing cash for your business.
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Cost Benefit Case
The financial case for outsourcing your invoice finance can be very compelling. A full time credit controller could cost your business between £15,000 and £25,000 per annum depending upon your location. A factoring company could provide a typical business, turning over £1,000,000 per annum a full credit control services for between £6,000 and £7,000 service charge, a saving of up to £19,000 in this example.
