No one likes to be left waiting around to be paid. This is why it is so important that you have an effective credit control process in place. Unpaid invoices are the bane of many business owners’ and credit controllers’ lives and cause a huge amount of stress for organisations of all sizes. When the …
How Effective Credit Control Can Help You Avoid Debt Recovery Read More »
Getting help recovering unpaid invoices from a business debt collection agency can be a seen a last-ditch attempt. However, it is always best to act quickly if you are owed commercial debt. Leaving debt outstanding for too long increases the risk that you lose your money for good and you may have to write it …
When Should You Contact A Business Debt Collection Agency Read More »
Recovering business debt can be a daunting process, particularly if you have never been in a position where you have had to use a debt recovery partner. This is completely understandable. Having outstanding invoices and difficult late payers is tough and it can leave businesses feeling vulnerable with nowhere to turn to. Businesses do not …
Recovering Business Debt: Expectations vs Reality Read More »
Late payments are a huge problem for UK businesses with 5.9 million SMEs chasing more than £50 billion worth of invoices. Unfortunately, most debts owed to SMEs are from larger businesses not paying invoices on time. Given recent world events and the impact the pandemic has had on industry and the economy it looks like …
Why Your Business Needs A Debt Collection Process Read More »
Recovering business debt requires a certain set of skills and credit controllers are in high demand given the steep rise in commercial debt owed to SMEs in the UK. Some good news is that the approach to business debt recovery is practically identical across all industries. If you have outstanding business debts to recover read …
Are you looking to start chasing late payment with letters and emails? It is something all too familiar for many businesses in the UK as the number of unpaid invoices continue to rise. When the payment date comes and goes and you are still waiting on getting paid it can not only be frustrating but …
Are we in for a rude awakening? This is certainly the view of Deloitte in a recent article they published looking at the outlook for corporate insolvencies in 2021. The number of corporate insolvencies in England and Wales in Q2 and Q3 2020 were at historical lows, when in fact we would expect insolvencies to …
Effective credit control is fundamental to generating a regularly stream of cash flowing through your business. Cash is reality, as the saying goes. Having effective credit control is fundamental to the success of your business. Over half of all bankruptcies are attributed to poor credit management and 50,000 SMEs in the UK fail every single …
“The less said about 2020 the better.” This is the sentiment amongst many, and who can blame them? In a year unlike any other that we have faced in our lifetimes we have had to adapt and improvise to keep things ticking, make huge sacrifices and be much more resourceful. Let’s take a look at …
When it comes to making decisions, how do you know that you’re making the right choice? While some people make decisions based on intuition and instinct others prefer a less risky approach. In this blog, we share how business credit reports can be your friend in making those tough calls. What is a Business Credit …
How to Use Business Credit Reports For More Informed Decisions Read More »
