If you don’t offer credit services to your customer base, they may opt for a competitor who will. A mismanagement of credit can lead to a diminishment of working capital which can affect your ability to grow as a business.
How can you make sure that your customers will abide by the agreed credit terms and that you will get paid?
The management of credit control can take up a considerable size of resources in your firm including time and money. By outsourcing your credit control processes to Love Management Accounts, you can be assured that the credit control process will be handled in a timely, efficient and professional manner by our team of financial experts. We’re trained to take care of matters such as chasing payments, creating credit check reports and sending out payment reminder letters.
Some of the services we offer includes;
- Credit check report
- Contacting your customers about outstanding invoices
- Emailing customers about invoices
- Sending out statement of accounts
- Sending out reminder letters
- Chasing invoices overdue by 30, 60 and 90 days
- Allocation of payments on customer accounts