Credit Management / Debtors Ledger Management
Add value to your company-outsource your debtor's ledger.
Solve will take complete responsibility of your Debtor's ledger allowing you to focus your resources on developing your core business and make profit. We can manage your ledger and perform all related tasks including:
- Issuing Invoices/monthly statements.
- Cash collection.
- Cash lodgement.
- Regular contact with overdue debtor accounts.
- Monthly reconciliation.
- Regular reporting on debtor's ledger.
By strict management of your debtors ledger Solve will reduce your exposure to bad debt thereby improving your cash flow.
Bad Debt Recovery
Our Bad Debt Recovery service offer a complete range of services from pre-legal debt collection right through to the legal process.
Many businesses now realise the benefits of outsourcing their Bad Debts to a specialist in the field. Credit Control and Debt Collection on overdue accounts can be particularly frustrating as the time spent on chasing unpaid debts is lengthy and quite often disproportionate to the individual value of the debt. Solve will contact the debtor on your behalf with an initial demand letter and through a series of effective debt recovery procedures will follow up collection of the debt. We have experienced solicitors who will act on your behalf if required to ensure a satisfactory conclusion.
Credit Checking
In business it is essential to give credit. However, a business has to exercise caution when doing so in order to avoid bad debt. Giving credit is always a risk, but systems can be put in place to reduce this. By carrying out Credit Checks on potential clients, chances of non-payment are greatly reduced.
It is not just new customers that need to be monitored, as existing customers can pose an equal if not greater risk as late payments and extended debtors days can sometimes fall under the radar with existing clients. Solve can provide a comprehensive Credit Checking Service for new and existing customers which will enable you to decide on what credit terms and conditions to offer the client thereby minimising your exposure and risk of late payments and bad debt.