Outsourced Credit Control: 10 Things You Wish You’d Known Earlier
Making the decision to outsource your credit control can be a difficult process. It might seem like there’s so many elements to consider. Worry not, as we’re here to help. Here’s 10 things you wish you’d known earlier when it comes to outsourcing your credit control:
1. Outsourcing ensures experience
Credit controllers are trained professionals who have years in negotiating experience, which means they know the most sensible route to returning the debts you’re owed.
2. Cash flow is vital
It doesn’t matter if you’re a limited company or a sole trader, the management of company finances is crucial to the survival of a business.
3. Build better relationships with your customers
Outsource your credit control to credit controllers who have been trained to politely and professionally prompt payment from your customers, without hindering your relationships.
4. Access to resources
When you outsource your credit control, you’re gaining all of the resources necessary to track down debtors.
5. Get the job done quicker
Most companies don’t have the time or resources to manage credit control alone. When you outsource, you’re hiring professionals who can swiftly and efficiently manage the situation.
6. Track and monitor
Credit controllers often utilise the latest in tracking technology, which has been designed to monitor and track your customers’ outstanding debts and the payments they’ve made.
7. Avoid bad credit
A good credit controller can manage your payment terms and conditions, making sure they meet your business’s cash flow needs, so you can avoid bad credit.
8. Get branded systems tailored to your business
You can choose to have your customers believe that they are only communicating with your company when they are in fact speaking to trained credit controllers.
A credit controller’s system can be integrated so that it works in conjunction with most other systems that you already use.
10. You can purchase Credit Control from just £1.49 per day
Credit control from First Capitol is available from just £1.49 per day, without lengthy or complicated contractual tie-ins.
If you’re interested in outsourcing your credit control, call 03333 444991 today.