Receivables management
The value of an efficient order-to-collections process cannot be underestimated in any business, particularly larger corporates. Our receivables management service therefore focuses on optimising your sales ledger management to reduce costs and improve performance.
We recognise that a business’ sales ledger management demands and requirements differ depending on its size, so our range of outsourced services reflects this.
For instance, although we offer specialist credit control for SMEs, larger corporates often require a more rounded package, and our receivables management product provides just that.
The primary aim of this service is to provide sustainable receivables management solutions that optimise your cash flow and profitability by improving the efficiency of your order-to-collections process, thus removing the burden on your resource to leave you with the time to focus on core business activities.
This is achieved through a reduction in three critical areas: debtor days, bad debts and costs – all of which threaten to hinder thousands of UK businesses as the fallout from the recession continues, with late payment of debts proving the biggest challenge of all at present.
By identifying ways to maximise your business’ receivables management processes and performance, we can introduce our award-winning debt collection services to meet your requirements, allowing you to outsource all or part of your collections activity through our expert credit control and/or debt recovery services.
We can devote our time and attention to contacting your debtors before the invoice is due and maintaining a frequent dialogue, using our experience to ensure timely collection of debt whilst preserving your customer relations. Meanwhile, our rigorous approach is highly effective at resolving any disputes and maximising the recovery of outstanding debts.
In the process, we’ll transfer our skills and knowledge acquired over the past decade to aid your receivables management processes going forward.
Having consistently excelled in providing receivables management solutions to businesses across a range of industries, including numerous multisite and overseas firms, Hilton-Baird Collection Services has firmly established itself as the number one debt collection agency in the UK.
To find out more about how our receivables management service can assist your business, please call 0800 9774848 or email collections@hiltonbaird.co.uk.