If you are considering employing the services of a debt recovery agency to outsource to, there are some simple things that you can do to make the recovery process easier, before you refer the debt. Make your invoices fool proof, ensure that all of your business information is easy to find and correct. Include a…

Debt recovery is a difficult task to undertake, although some overdue accounts can be resolved with a simple telephone call to the client, not all accounts are that simple. You may need to take further action with these clients and refer their account to a debt recovery agency, but there is something that you could…

Starting a new business is a fantastic achievement and one that you should be proud of, but it can be an overwhelming task and jobs that are more time sensitive become more important and you get caught up in the day-to-day running of the business, leaving vital start-up tasks unfinished. It is important to seek…

At Commercial Domestic Investigations we specialise in debt recovery and regularly come across clients who are unsure about the right time to submit a debt to a third party. The truth is, there is no definitive answer. You can submit a debt at any point during the debt recovery process but too early and you…

Whether you are a sole trader, a limited company or a large, established business, having a reliable cash flow is essential for survival and success. Debt recovery for SMEs should involve a recovery procedure, meaning that you can reduce the risk of non-payment and writing off invoices. Make your terms clear By clearly defining your…

As a business, you will come across all sorts of obstacles when asking a customer to pay an invoice, some will make excuses, some will avoid your attempts at communication and some will dispute that they should make a payment at all. These customer disputes, undoubtedly play havoc with your cashflow. It can be difficult…

January can be a difficult month for cashflow. With businesses taking time off in December and leaving unpaid invoices in their in-tray, even customers with clearly defined payment terms may not pay on time. Leaving you trying to make up the difference to pay your own invoices. Employing the services of a reputable collection agency…

The most time-consuming but the most important part of debt recovery for your business is the pro-active stage, essentially calling and chasing your client to make them aware that their account is overdue. You may currently contact clients by phone, email and letter but you may not be aware that how your overdue account letter…

It is basic business sense that your cashflow is a vital factor in your businesses success. Failing to adhere to strict collections procedure is a major influence when it comes to having a poor cashflow, but what can you do to improve your cashflow and make credit collections more effective. A main piece of paperwork…

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