Outsourced Credit Control for Your Business
Are you ready to take control of your company’s financial destiny? Our Outsourced Credit Control services offer a seamless solution to manage your receivables, ensuring timely payments, reducing risks, and optimizing your cash flow. Whether you’re a small startup or an established corporation, our tailored credit management solutions have got you covered.
What is Credit Control?
Credit control is more than managing receivables; it’s about securing the financial stability of your business. It involves assessing creditworthiness, setting limits, monitoring payments, and employing strategies to minimize overdue accounts—all while maintaining strong customer relationships.
What We Do
We offer tailored credit management solutions that include expertise in credit risk assessment, collection strategies, and streamlined processes. Our focus is on transparency, clear communication, and compliance, ensuring that you receive the highest quality service.
Retake control of your receivables and ensure timely payment for your business going forward.
Why Choose Outsourced Credit Control?
Tailored Solutions for Any Business
Our services are designed to cater to the unique needs of your business and industry. We understand that one size doesn’t fit all, and that’s why our solutions are tailored to provide maximum efficiency and financial stability.
Cost Efficiency
Outsourcing your credit control needs can be a cost-effective solution. By partnering with us, you can allocate your resources more strategically, focusing on what you do best while we handle your credit control efficiently.
Risk Mitigation
Minimise financial risks with our expertise in credit risk assessment and proactive collection strategies. We help you navigate potential issues before they become problems, ensuring a secure financial future for your business.
Time Savings
Let us handle the complexities of credit control while you concentrate on growing your business. Our streamlined processes and dedicated teams ensure that you save valuable time and resources.
Improved Cash Flow
Effective credit control means better cash flow. We work to optimize your receivables, reducing delays and ensuring a steady stream of income for your business.
Reduced DSO (Days Sales Outstanding)
Our services are geared towards reducing your Days Sales Outstanding, improving your financial health and providing you with greater control over your receivables.
Comprehensive Reporting
Stay informed with detailed and transparent reporting. Our reports provide valuable insights into your credit control strategies, empowering you to make informed decisions for your business.
Telephone & Email Support
We are here for you. Our dedicated support teams are just a call or email away, ready to assist you with any queries or concerns you may have.
Your Options
Tier 1: Essentials
Prioritise credit control without overburdening yourself with complex procedures. Let us help you establish a solid financial foundation.
Who is it for:
- Small businesses and early-stage startups
- 1-50 active accounts per month
- Looking for professional credit control services for stable cash flow
- Regular Invoice Reminders
- Basic Reporting against KPIs Monthly
- 8 Hour Telephone and Email Response Times
- Fixed Fee Documentation review of credit policies and legal T&C's
- Access to a dedicated account manager
- 24-hour access to self-service client portal
- Delinquent Debt Recovery -20% of value success fee if invoice is 0-60 days, 25% if over 60 days - minimum charge of £500
Tier 2: Premium
Value personalised strategies, weekly monitoring, and custom credit risk reports. Stay ahead of potential issues with our Premium tier.
Who is it for:
Our Premium tier is tailored for small to medium-sized enterprises (SMEs) with a larger customer base of 51-250 active accounts per month. Your business is experiencing growth, and you require a more proactive approach to credit control. You value personalized strategies, weekly monitoring, and custom credit risk reports to manage a higher volume of accounts effectively. This tier is the right choice you if you want to stay ahead of potential issues or need to proactively escalate collection efforts and access basic legal support when necessary.
- Small to medium-sized enterprises (SMEs)
- 51-250 active accounts per month
- Businesses experiencing growth, requiring a proactive credit control approach
- Regular Invoice Reminders
- Advanced Reporting Against KPIs Weekly
- 4 Hour Telephone and Email Response Times
- Monthly Account Management & Review
- Pre-Legal Collection Workflows & Support
- 5 free of charge Credit Limit Reviews PCM, £50 per additional customer
- Fixed Fee Documentation review of credit policies and legal T&C's
- Custom credit risk reports for top customers (5 Customers)
- Access to a dedicated account manager
- 24-hour access to self-service client portal
- Delinquent Debt Recovery - 15% of value success fee if invoice is 0-60 days, 20% if over 60 days - minimum charge of £500
Tier 3: Scale
Daily proactive monitoring, immediate follow-ups, pre-legal debt recovery, and advanced analytics. Our Scale tier offers comprehensive support for efficient debt recovery.
Who is it for:
- Significant and sometimes complex customer base and financial structures
- 51-250 active accounts per month
- Regular Invoice Reminders
- Custom Reporting Against KPIs
- 1 Hour Telephone and Email Response Times
- Credit Limit Review Included
- Weekly Account Management & Review
- Debt Recovery and Legal Support Included
- Pre-Legal Collection Workflows & Support
- Fixed Fee Documentation review of credit policies and legal T&C's
- Custom credit risk reports for top customers (10 Customers)
- Access to a dedicated account manager
- 24-hour access to self-service client portal
- Delinquent Debt Recovery - Up to £10k included. £10k - £50k 10% if invoice is 0-60 days 15% if over 60 days. £50k+ 7.5% if invoice is 0-60 days, 12.5% if 60+ days
Discover BABR Debt Solutions
Take Control of Your Financial Future
Partner with us to optimise your credit control strategies, reduce your credit risk, and maximise your cash flow. Whether you’re a startup or an established enterprise, our tailored solutions ensure that your business receives the attention and expertise it deserves.
Credit Control FAQs
Outsourced credit control involves enlisting a third-party service to manage and streamline your credit control processes. It can benefit your business by improving cash flow, lowering DSO, reducing late payments, and allowing your internal team to focus on core activities.
Our team of experienced credit control professionals will work closely with your business to understand your credit policies and procedures. We can then manage invoice chasing, credit risk assessment, and collections, ensuring timely payments from your clients.
Absolutely. Our services are tailored to suit businesses of all sizes. Small businesses often find outsourcing beneficial as it provides access to expert credit control without the need for a dedicated in-house team.
No, you won’t. Our goal is to enhance your credit control processes while maintaining positive customer relationships. We work collaboratively with you to ensure a seamless and professional experience for your clients.
We take data security seriously. Our systems are equipped with the latest security measures, and our team adheres to strict confidentiality protocols. You can trust us to handle your financial data with the utmost care.
Yes, our tiered offer a flexible and customisable solution to your needs and budget. Whether you need assistance with specific aspects of credit control or a comprehensive solution, we can tailor our services to meet your unique requirements.
We have experience working with diverse businesses, adapting our services to meet the unique needs of each sector.
We provide regular updates and reports on the status of your credit control activities.
Getting started is simple. Contact our team, and we’ll schedule a consultation to discuss your specific requirements and tailor a solution that best suits your business needs.
Our team’s expertise, commitment to customer satisfaction, and tailored solutions set us apart. We prioritise building long-term partnerships and delivering results that positively impact your bottom line.
