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Tuesday 10 April 2012

SME - what is preventing growth?


Small and Medium enterprises have been affected the most by the decline in banks lending. There can be advantages to alternative sources of lending to small and medium enterprises can be the key to growth.

No matter what form of finance you are considering give us a call on 0844 811 9463.

What we do to help with ensuring you have healthy cashflow?

Credit Control  

Due to lack of resources and/or time, companies are turning to outsourcing to remedy their credit control issues.

Credit control outsourcing will bring the following benefits:

  • Improved cash flow
  • Reduction in bad debt
  • Improved working capital
  • Reduced bank charges
  • Staff free to concentrate on core business issues
  • Continuity of service

Liquid Recovery continues to invest in IT and telecommunication which allows us to offer confidential credit control, as well as disclosed service to UK clients.

How do we do it?

  • We have a cloud system that allows you access to see on real time what is has been said and what invoices will be paid, when and how
  • Outsourcing your credit control couldn’t be easier. You simply provide us with an up to date customer list and a ledger on a regular basis, and we do the rest,
  • We are pro-active in our chasing;
  • All payments from your debtors will still go direct to you – we do not handle any money.


Monday 2 April 2012

Credit Control – The Rules


Do:

  • establish payment terms before you start selling on credit
  • set and enforce credit limits
  • chase payments as soon as they become due

Don't:

  • provide credit without knowing your customer
  • offer credit you can't afford
  • be afraid to insist that customers meet their payment obligations you won’t lose your customer by asking them to pay
  • continue extending credit to customers with poor payment records



Always use the telephone and never the email. Why?

If you email your customer it falls into all the other emails and won’t get considered. Also tone does not come across on emails and if you are looking to continue your business relationship with your customer emailing does not help in chasing the money.

By picking up the telephone you are maintaining that good business relationship with your customer. 

Make sure you ask the client whether they won’t pay or can’t pay!