Financial Directors - DO YOU KNOW HOW MUCH YOUR CREDIT CONTROL IS COSTING?

Staff Costs

1.      Basic wage +national insurance contributions + Holiday entitlement + pay for cover during holiday + recruitment costs + sick leave or maternity/paternity leave factor in any tribunal costs

2.      Premises and office equipment for that member of staff

3.      In the near future you as an employer will be contributing to their pension

Other hidden Costs

1.      Disputes – lower cash flow

2.      Write offs – reduce turnover and profit

3.      Legal fees reduce cash flow

4.      Debt Recovery fees – reduce cash flow

How can Liquid Recovery help?

·        We can reduce the costs of staffing

·        Ensure that your credit control is carried out efficiently

·        Reduce disputes/ identify them earlier and resolve them

·        Reduce debt recovery and legal costs

Overall you see get better cash flow and have one company helping you with credit control and debt recovery.