The life cycle of debt
Many businesses recognise that they function at their best when they are able to concentrate on their core competencies and leave the service centres to experts in those fields. This is where Brachers can help as we have a large team dedicated entirely to collecting money on behalf of our clients.
Whether it suits your business to outsource the whole of your process to us from the point of invoice production or just part of the process further into the collections cycle, we can assist. Our technology is flexible enough for us to be able to import the necessary data electronically from your system into ours or we can access your own systems directly.
We also have sophisticated Management Information Systems which enable us to provide comprehensive, bespoke reports to you as regularly as you need. This approach only works if we act in very close partnership with you, so the key starting point is always to sit down with you and go through how your business operates. The bits that work as well as those that don’t.
Outsourcing this vital function can be a way of increasing efficiency and cash flow and also controlling cost. If you wish to retain the credit control function but just need some guidance, we are happy to review your processes and advise on improvements to help your operation become more effective.
These are agreed with clients on an individual basis but are generally based on a fixed fee, performance related structure or a combination of the two.
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