Credit Management

All businesses rely on being paid for goods or services provided. This is what generates profit and keeps a businesses’ cash flow healthy allowing it to pay staff, expand product lines or services and invest in the future growth of the company. However, this transaction is not always as straightforward as it should be.

Payment on time

Do you ever find it difficult to get paid on time? Have you ever put off taking action about a debt because you were unsure how to handle it? Have you ever ended up writing off a bad debt? If the answer is yes to any of these questions, then taking action now before these incidences snowball, could help to protect your cash flow and your business.

Taking action doesn’t mean having to do it all yourself. You do not have to find the extra hours and remove yourself from the operational duties of the business. Partnering with an expert in the field who has the time and resources to fully understand your credit management issues, who can analyse your situation to find the most effective and appropriate solution is an ideal route to go down.

What we can do for you

Daniels Silverman Credit Management Services can assist with:

• Identifying those customers who may be a high credit risk to your business. These customers have the ability to cause damage to your cash flow and even cause you to suffer a loss. We can do this through performing due diligence on your behalf before you start to work with any new company. Credit checking potential customers should be a key component of any robust credit management service and it can be done in any number of ways including credit risk reporting, which will highlight anything untoward that a customer’s credit history may have, e.g. CCJs, poor payment practices etc. A positive credit report is not always a guarantee of prompt payment practices moving forward, it does however significantly reduce this risk and therefore your business’ potential exposure to bad debt. Identifying any customers with the potential cause significant cash flow issues is key to the survival of any business.
• We help you to maintain control. At Daniels Silverman we know how important it is to maintain a good relationship with your clients. Our white label service is designed to ensure that the price of getting paid is never the loss of a customer. We work alongside you and make every effort to fully understand your business and your client base. Acting on your behalf, we give your clients friendly and professional reminders of their outstanding invoices. This allows an open line of communication for your clients should they have any queries or issues around their invoices and ensures a high level of success on getting them paid.
• You need to know where your accounts are up to in order to plan effectively for your business. This is one of the reasons that Daniels Silverman charge a flat monthly fee for their services instead of charging commission. This puts you in control of how much you spend based on the number of invoices to be collected. We provide same day service, so you know exactly where your accounts are up to, keeping your accounting systems accurate.

If you are not being paid on time for your invoices and you are struggling to find a way to improve this situation, then why not consider partnering with a firm like Daniels Silverman? It could be one of the best business investments you make. We are a long-established, family owned and professional company. Our staff are expertly and ethically trained and we are proud of the relationships we have build with clients ranging from blue chip multi-nationals to smaller SMEs.

Why not get in touch today to find out how we can help to support your business? You can contact us via the website where we have friendly staff waiting to talk, or you can give us a ring to speak to us about your business and see how we can help.

https://www.danielssilverman.co.uk/what-we-do/credit-control/