Credit Services

Credit Control

Helping you to keep your cash flowing

Is Your Cash Flow Unpredictable?

"Cash is King", and it needs to come in smoothly. If your Cash Flow is unpredictable and erratic, we can help you. Let us bring back certainty and regularity to your Cash Flow.

What is Credit Control?

Credit Control is about being paid on time, or as close to it as possible. It is the process of managing and monitoring debts owed to businesses through their accounting and payment systems. This is a stage before Debt Recovery when money from invoices owed to a business goes beyond the threshold of simply overdue.

Invoices that become critically late, historic, or a challenge to recover, become known as ‘bad debts.’ Bad debts are one of the worst drags on the prosperity of any business.

Successful Credit Management resulting in ‘cash collections’ flowing, can minimise the extent to which credit control and debt recovery become issues for a business.

As the “Guardians of Cash Flow”, we consider that effective Credit Control is essential to the wellbeing of a business, and our interventions have helped numerous businesses of all sizes.

Credit Control is often one of the most neglected elements of running a business. It is usually vastly under-resourced and does not always have the right skill sets in terms of personnel.

Credit Controllers in a business have day-to-day responsibility for prompting the customers and clients of a business who owe money to pay it. That can entail persistent, polite chasing by several means including by email, telephone, message, and in person. It requires experience, listening skills, tact, and sensitivity, as relationships with customers and clients are often more precious than any outstanding money owed and should be preserved wherever possible.

Effective Credit Control is essential to the wellbeing of a business. We have a great track record of helping numerous businesses of all sizes. Faster payments boost cash flow and overall turnover. However, small businesses in particular frequently lack the time or expertise to deliver a successful Credit Control system.

We offer confidential and cost-effective solutions to Credit Control. They mean that you can focus on your day-to-day business, leaving Credit Control to the experts.

WHAT DO OUR EXPERTS DO?

We can advise, teach and train people in a business to manage and turn around their approach to credit control and improve the systems and processes that underpin it. We can train alongside a staff member to learn your systems or use our in-house credit control system.

Alternatively, we can help as an outsource. Our friendly, experienced Credit Controllers can act as part of your team, perhaps under a ‘white label’ arrangement so that they appear to be a seamless part of a business. That means the clients and customers of a business will never know that you have outsourced to us. Our Credit Controllers work for you on a flexible basis*, depending on the number of clients you have.

We help clients with as few as 20 accounts and larger businesses with thousands of customers. Let us take some of the weight off your shoulders. We understand that not all businesses can afford to have a full-time credit controller or a team, and that is where we can help, to bridge that gap until you hire someone full-time, or you can expand your contract with us to ensure you can be free to run your business.

Part of our process is to check whether a business is making errors that undermine credit control and to help fix them. For example, businesses sometimes issue invoices erroneously or which contain errors. That can result in clients and customers being lost unnecessarily.

We use a traffic light system, which ensures that our clients are always in control, as you tell us how friendly or firm you wish us to be, within the limits that we, as the professionals, know to be reasonable and effective.

*Subject to contract

How can The Credit Collections
Company help me as an SME business?

Our Credit Control services are designed to work effectively for businesses of all sizes.

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How can The Credit
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Credit Control Pricing

from £199

per month

'Done For You'
CREDIT CONTROL

'DONE FOR YOU' MONTHLY CREDIT CONTROL SERVICES

We work as an extension to your team.

  • We will work with you to do an initial assessment of your outstanding debt for a one-off ‘cleaning fee’.
  • The initial ‘cleaning fee’ is based on the age and volume of invoices that have outstanding debt.
  • We will work to clean up  your outstanding debts over an agreed timeframe.
  • We will manage your invoice collections on a monthly basis to help you improve your Cash Flow.

Make Your Your Cash Flow Better With Credit Control

Contact us for a free consultation and tailored solutions.

Who we do it for

A few of our current and previous clients

Testimonials

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FAQs

Our Credit Control controllers chase your daily invoices, so you don’t have to. This saves you time, and if you have issues with asking for your money, having an external person can remove the barrier.

We also build relationships with your clients, which often helps pay your invoices faster or for issues to be resolved more quickly. As the customer, you decide how soft or hard we press your customers for money. can work seamlessly as part of your team. We save you time, and outsourcing to us saves you money.

Our fees start from as little as £199.99 per month. We offer free B2B Credit checks and much more to help you make better credit decisions.

We work with you to set up a system. We pre-agree on the tone of any phone, email, or letter correspondence before we begin chasing. We only escalate debts when you have asked us to. You are in total control. 

Yes, most definitely! We offer a white-label service, which means we act and feel like part of your Company. Our credit controllers will answer all calls in your Company name with your email. All you have to do is provide the phone line and email or we can provide it for an additional fee.

Yes, we can probably do it. We are trained in the most used systems, such as Xero, QuickBooks, Zoho, Sage, and many more. If you have a system requirement, we have not used before; this this will be discussed during the onboarding session.

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