Importance of Credit Control
Importance of Credit Control
Having a great business idea and a robust business plan is a great start.
Starting a new business requires time and a lot of focus, and credit control isn’t always that high on the list. As a result, many businesses can run into cashflow problems a lot sooner than expected – which is the reason why so many new business start-ups can fail.
Without the right focus on cashflow your business can soon run into problems. Even large enterprises can come into difficulty through the negative impacts of weak cashflow. According to research, around 56.4 million UK business hours a year are wasted chasing late payments.
At Collection House we offer a comprehensive credit control service, allowing you to spend more time on your own business – so you can work on improving business processes, marketing and sales.
We at Collection House provide credit control services for companies around the UK. We act as part of your team and build upon your customer relationships. We can act as a “traffic light system” for you if we think one of your clients is in financial difficulty.
Collection House can take on the burden of your credit control, and we offer three packages to suit your business needs: Bronze (3 month Contract), Silver (12 month contract), and Gold (24 month contract).