Overdue Payments Chasing overdue payments from clients can be a time-consuming and frustrating process, and there are a number of different circumstances where using a professional would be the best option for your business. But how do you know when it’s the right time to ask someone to take over this role for you? At […]
Browsing category: Debt Collection
Your business has an overdue invoice. Now what? Do you have a customer that just won’t pay on time? If the answer to this question is yes, you are among the 64% of small business owners with unpaid invoices. If this happens regularly, it may point to the way you are invoicing your customers. Is […]
Collecting debts for your business can be a very time-consuming and stressful process, and one that does not always yield the results you want. Collecting money owed is a skilled job, you want to recover the money for your business but do not want to alienate any of your clients. Many businesses struggle on trying […]
Businesses who are owed money and have tried, unsuccessfully, to recover the money themselves, may consider using the services of a debt collection agency. If you have never used a collection agency before, you may be apprehensive about engaging their services because you do not know the process or understand how debt collection agencies work.
Debt Collection Partner Debt collection agencies are a valuable resource for thousands of businesses across the UK. Good collection agencies offer much more than simply recovering a debt, they can become a trusted partner to the business. Here’s what a good debt collection agency can do for your business: Work with You: A good and […]
A lot of businesses have had to adapt their model to survive the Covid-19 crisis, with some quickly diversifying their offer or becoming much more agile in how they delivered it. There has also been a period of enforced reflection for a lot of business owners who have had time to really think about how […]
The coming few weeks will see the biggest tests so far in the drive to get the country and the economy moving again. From August 1st the government will begin to scale back the furlough scheme which has been the biggest single economic intervention of the crisis and has so far benefited over 9 million jobs. Moving forward businesses will be asked to contribute some of their own money to keep staff on furlough and funds will be completely removed by October in order to encourage everyone back into work.
Streamlining efficiency and workflow will be crucial in the coming months. If your business spends time and allocates staff to chase overdue invoices, or as a business owner, you spend time worrying about how to recover money you are owed by clients, then it may be time to streamline your operation.
More of the economy is opening up and people are now able to go out for a meal, go to the pub and cinema and go on holiday to number of destinations without having to quarantine on their return. The return of these businesses is a welcome sign that there is some semblance of normality […]