Collecting Your Business Debts
Securing sales is obviously an essential part of any business, and requires skill and tenacity. However too many businesses make the mistake of thinking that this is the end of the process. This could not be further from the truth. It is really important to remember that:
‘A sale is not a sale until the money is in the bank.’
Business who work on this basis, afford the collection of the money owed as much attention as securing the sale itself, if not more — and this is very prudent.
It is vital to have tight policies and procedures in place for recouping what you are owed. All staff must understand these and follow them to the letter. Everything must be documented. Not only does this help to keep a close eye on the quality of your invoices, it also means that you can quickly identify any problems. You will be alerted once invoices remain unpaid past the due date, and will have clear documentation related to the transaction and all communications with the debtor.
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It is a sad fact that the majority of SMEs have faced difficulties with non-payment on occasions. It may be that the debtor disputes the invoice or elements of the service, or is simply refusing to pay. If you have exhausted all of your internal systems for recouping the debt, the matter is not concluded — you have options. One of these is to seek help from a third party, and a reputable Debt Recovery Agency can offer you the assistance you need.
For those businesses who have followed tight procedures, the Debt Collection Company will be able to propose and implement procedures suitable for each specific case. Detailed records will aid the debt collectors in initiating these processes more quickly, and give them the information they need to be in a strong position to collect the money you are owed.
Amril are one of the leading Debt Collection Agencies in the UK, and we are successful in securing payments for businesses across many sectors. We understand only too well the importance to your business of completing your sales and getting paid, and do not want you to struggle with non-payers. To assist you, we offer our skill and expertise on both a no win, no fee basis with competitive rates upon completion, or a fixed fee proposal.
At Amril, we are passionate about ensuring that businesses do not have to write off any debts, and we are also particularly successful with complicated debts. Many of our clients now use our services longer-term for the debts they cannot recover internally.
Give us a call today on 0333 355 0002 and we can discuss our no win, no fee and fixed fee proposals with you in more detail. We offer our services tailored to your particular needs and the nature of your specific debts.
