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Debt recovery options?

Question asked by RIchard - Dec 26, 2013
Question

My cash flow is being dragged down by late-paying suppliers, but my staff is too small to dedicate anyone to pursuing overdue invoices. What are my options?

response from John Englund
- Dec 26, 2013

There are many credit control services providers on the UK market offering a variety of solutions for companies of all sizes. If you run a small business and have no internal credit control department you can either hire a full-service provider or make a modest investment in debt recovery software. If you cannot afford the full-service option, then the second option is probably best. Compare offers from credit control software providers and choose a package that will allow one of your staff members to chase outstanding invoices on a part-time basis.  

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