Credit control is a major headache for most SMEs, but we can help.
It’s often the case that everyone in a company has their job to do and no-one focuses on credit control. It becomes a reactive rather than proactive process. An inconsistent approach tells customers that they can string out payment for 90 days or that they can safely ignore chaser letters and phone calls without the risk of any further action.
Alliotts outsourced bookkeeping services is the perfect solution. By using online solutions like Xero, you can access data in real time and retain control of your accounts without having to do the day to day processing.
This gives you a unique opportunity to take control of your cashflow. We can process the bookkeeping in real time, and you are free to concentrate on your business. If it suits you, we can take over the entire bookkeeping function, together with credit control, send out statements and follow up invoices, and you can access the Sage data via the web instantly to see who has paid.
The internet access is a key benefit – if we chase a customer a note is made on the customer’s Xero/Sage record that is instantly viewable by you or your staff. So when the next order comes in your sales team know the customer’s up to date credit history.
Overdrafts are hard to come by in these times of the credit crunch, and full blown debt factoring can be an expensive option. By using Xero and freeing up time to chase debtors, you will be better placed to continue to make good profits and enjoy an improved cashflow.
‘A business with an average debtor book of £300,000 on 90 days could save interest on borrowing costs of £7,500 per year by reducing the average term to 60 days. Getting credit control sorted is vital, especially in the current economic climate. We help our clients get to grips with it, to ease the pressure on their cashflow.’
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