credit control
managing your finances effectively and efficiently
Why should you outsource your credit control?
-
improved cash flow
This is perhaps the best benefit of outsourced credit control. Without a healthy cash flow and without knowing when payments are due, your company can’t run effectively. At Bypress we aim to ensure your money is collected to terms.
-
process
At Bypress we have formalised monthly procedures to follow, which proactively reminds your customers to pay on time. These procedures can include letter cycles, proactive calls, query management and customer credit monitoring.
-
expertise
When dealing with your money and cash flow, you want to make sure that you have the best people looking after it. A great track record and experience in the industry is a must. A professional customer focused attitude is also key.
We offer are able to start right away and have experienced members of staff in place already. Our staff will focus solely on this task and deliver the best results for your business.
-
Cost Effective
Employing an in-house credit controller costs €30,000+ a year. Using an existing member of staff to chase payments is also costly due to time constraints. This is because adding an extra job role to their daily duties may result in tasks not being completed on time.
When you use Bypress to outsource your credit control to, it’s like having your own credit controller in-house, but without the desk space being taken up. Depending on how many customers and invoices you send per month, you may only require just a few hours per week to keep your cash flow on track.
-
AGED DEBT RECOVERY
Despite your best attempts you are going to have some customers who will not pay you on time. Sometimes the only option is to follow the formal debt recovery steps, (which now includes ensuring you comply with Pre-Action Protocols), right through to Legal Action.
We will work through and recover your aged debt too. We will assist you through the legal process, and make the process stress free.
-
LESS STRESS
We have the experience to take the strain of collecting your money which will reduce your stress levels and your to do list! You are free to look after customers, oversee the business, obtain sales and think.
We will advise you on credit worthiness of new customers, what risk they might bring to your business and what payment terms you should allow the customer to have.
This will take away any stress or worry about that customer potentially not paying you on time.goes here