Outsource Accounts Receivable
The responsibility of managing the accounts receivable is done by experts
- No need for a full-time accounts receivable resource in your business
- Saves time and money
- Improves the accounts receivable process
A good debtor finance provider can regularly give you information about the creditworthiness of prospective customers; maintain the history of payments by customers (i.e., accounts receivable ledger); and daily management reports on collections. You can login to the provider’s website and access reporting information on your debtors. Knowing whether your customer is credit worthy is invaluable for any future dealings with them. Remove the stress of making those debt collection calls.
Contrary to what some believe, this arrangement can strengthen your relationship with your customers. Indeed, there are Cashflow clients who remain long after their cash flow has been sorted, as it is the smart thing to do.