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Liquid Recovery’s Blog – Out Sourced Credit Control – why do it
If you are an SME then you sometimes have to do the work and sales. This conflicts with credit control – chasing the monies and getting paid...

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Process


NO RECOVERY NO FEE DEBT RECOVERY

How does it work

Within 24 hours or the next working day of us receiving the full information regarding an outstanding debt, we will contact the debtor by letter, telephone, email and fax.

On your behalf, we will charge the late payer, late interest payment and compensation.

Within the next seven days we will maintain the momentum in speaking to your debtor.


As we are a third party, we do tend to find out why your clients have not paid and within two weeks, we will be able to provide you with a full report on the likeliness of you receiving your money.

Up this point there will be no charge and our previous record shows that we receive some sort of payment in 94% of cases by this time.

If payment is not received with a set timescale, we will inform you of other courses of action that you may wish to take. These may have a cost implication, but at least at this stage, with all the information that we have acquired about the late payer, you will be aware of the risks on cash and time and also your chances of winning any further legal action.

Liquid Recovery can help you with this action and will inform you of any costs before you take any action.


OUTSOURCED CREDIT CONTROL

It is quick and simply. We take the stress and work full time for you.

How does it work

Send us all your invoices we will set you up on the Credit Control System
Each week or month send us your invoices
Inform us when you have received payments
We do the rest. We speak to your customers as an extension of your business and provide you with reports at times that suit you.

Credit Control requires great sensitivity. We recognise the need for personal contact which is why we use named credit control managers for each client.

Most of our clients prefer the credit control service to be transparent to their customers. Dependant on the needs of client, we can appear to be a part of your organisation and provide professional and courteous service to your customer, protecting your brand.

Out sourced credit control can starts from as little as £295 plus vat per month. Telephone or email to find out more.

CREDIT CONTROL TRAINING

Liquid Recovery can provide full bespoke training to enable our clients to develop their own credit control system which will include the necessary letters and reminders that you may need to send out. We can also coach on what language and actions your team should use to get the best results.