Giving credit is commonplace in a lot of industries and if your company does not offer it, it is likely that your clients will go somewhere that does. However, managing credit accounts can be time-consuming and you do not want it to be done on an ad-hoc basis by different staff members when they have a spare five minutes and put your relationship with your client at risk.

Taxi companies typically offer credit accounts to companies who regularly need their services. It is a convenient way to allow staff to access meetings at different venues as well as picking up clients who are coming to see them.

Your customer base is the most important asset your business has, and it is vital that good customer service forms the basis of your offer. This can make it extremely difficult for some companies to effectively manage their credit accounts. Not being paid promptly according to the terms of the credit agreement can lead to a company’s working capital being eroded.

This then has the knock-on effect of restricting a company’s ability to manage and grow their business. The company also runs the risk of not being paid at all if their clients encounter financial difficulty and fold. Nobody should work for free and businesses should be able to rely on being paid promptly for the service or product they provide.

Taxi firms have overheads tied to the running and maintenance of their fleet, booking operatives and offices. This all requires that accounts are settled promptly to ensure the running costs are covered. The question is, how do you ensure that you are paid promptly while maintaining a good working relationship with your clients?

The answer is to use professionals. Recovering money you are owed should not cost you your client. Using a reputable agency to manage your credit means you will be dealing with people who understand that your relationship with your clients is key to the ongoing success of your company.

At Daniels Silverman we act on your behalf, as part of your team, to give friendly reminders of outstanding invoices and your client has an open line of communication to resolve any queries swiftly and efficiently.

We can charge a flat fee for our professional service instead of charging commission, putting you in control of how much you spend based on the number of invoices to be collected. This allows you to plan your business’ finances much more effectively.

As well as this, at Daniels Silverman we understand that a key part of any credit control system is regular credit checks for new customers and those who are requesting an increase in their credit limit. As part of the service we provide we will also check your current customers if we are experiencing any payment issues or financial problems.

All of this means that you can relax and focus on running and growing your business, safe in the knowledge that you no longer have to spend time chasing late invoices or suffering from any cash flow problems that these can cause.

Call Daniels Silverman today or start a web chat and see how we can help provide you with a tailored credit management system for your business.