Account collection services – how can a small business benefit from fast debt recovery

Most businesses in the UK rely heavily on customers paying on time and would never normally consider account collection services to assist their business. However the reality is that, in a fragile economy, account collection services can provide crucial support for a business’s credit control department – or better still become your credit control department.

Cost maybe an issue for some businesses in utilising account collection services but offset this against an increased cashflow & debtor days and a reduction of bad debt for clients, and many businesses wouldn’t think twice. Invoice factoring is another alternative but this can be expensive and even that does not guarantee you payment, often the Invoice factored will hand the debt back if it is not collected. Account collection services want you to get paid as it is their focus – there is no loaning of money – it is pure collections and it is crucial the company you choose is passionate about it.

It is more important than ever for businesses in 2012 to focus on key areas of their business as only the strongest will survive in a flatlining economy – an account collection services focus is to put you to the top of the creditors list for your customer, and ensure payment is prompt.

Cashflow is the lifeblood of a business and we can help you with fast recovery of your debts. For more information email us or call 01332 565 350 today for a no obligation chat about how we can help you get paid fast!

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