We’re currently assisting a number of businesses with credit control reviews so that they can hit the ground running again following the coronavirus shutdown. Many businesses have existing credit control processes that just aren’t working and with staff on furlough in many finance teams, invoices are not being sent out and the ones that have been sent are not being received. This is where we can add real value to businesses and lenders; it’s a good opportunity to completely review your credit control and ensure it’s working effectively once trading recommences. We tackle the root of underlying credit control issues by working closely with clients to critically analyse the process of raising invoices in the run-up to the due date, and their process of recouping the money from that point.
We also provide in-house credit control training which will resume once the UK lockdown measures are fully relaxed. If your current credit control processes are failing, it’s time to refine these processes so that you get paid on time – every time.