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Engage Expert

Credit Control

Outsourced Credit Control Services in UK, US and Australia

Managing outstanding payments and maintaining cash flow can be challenging and time-consuming. If you’re juggling these tasks while running your business, EE International is here to help. Our tailored credit control services in the UK, US, and Australia are designed to optimize your cash flow and manage debts effectively. Our team of experts handles all finance and accounts aspects, ensuring your financial stability. With EE International, we work tirelessly to enhance your revenue and customer relations. Let us handle the financial details so you can focus on your core business activities and stay ahead.

Optimize Your Working Capital with EE International Credit Control Services

Is  late payments and inconsistent cash flow causing financial strain and affecting relationships with your client? Turbocharge your financial stability and optimize your working capital with EE International’s credit control services. Our specialized  management ensures timely payments, reduces debts risk while maintaining positive relation with your clients. With our tailored solutions, we enhance your cash flow and reduce administrative burdens. Let EE International manage your cash flow challenges while you concentrate on expanding your business.

What is Credit Control and its Process?

Credit control, also known as credit policy, is a strategy businesses use to increase sales of products and services by offering credit to potential clients and customers. The primary goal of a credit policy is to maintain cash flow and minimize the risk of debt. The credit management process involves these key steps:

  1. Before extending credit to customers, businesses evaluate their credibility, financial stability, and payment habits.
  2. Once the credibility is confirmed, a credit limit is established.
  3. When goods or services are delivered, an invoice detailing the amount, payment terms, and due date is sent to the customer.
  4. When the payment is due, a reminder is issued to ensure timely payment.
  5. Upon receiving the payment, it is cross-referenced with the invoices, and the accounts are updated.

Strict monitoring and oversight are essential to ensure consistent cash flow, mitigate debt risks, and maintain positive customer relationships

Commercial Credit Control Services at Engage Experts International

Engage Experts offers Commercial Credit Control Services tailored to businesses’ needs. With our team of experts, we provide customized solutions to help businesses manage and optimize their credit. With expert precision and cutting-edge solutions, we ensure timely payments and improved cash flow. Our services are designed to minimize risks, enhance financial stability, and foster growth for our clients across various industries. Partner with us to streamline your credit control operations and drive business success.

Most Common and Avoidable Challenges in Credit Control

The ultimate goal of a business is to maintain a steady cash flow and avoid debts. However, managing credit control can be challenging for businesses of all sizes.

Delayed payments from customers can cause financial instability. According to a survey, in the UK, 50,000 businesses close each year due to this issue.

Businesses need to maintain good relationships with their customers while following up on late payments to avoid tarnish their reputation.

Instead of relying on traditional methods to keep records, businesses should use more digitally advanced tools to increase accuracy and efficiency.

Lack of continuous monitoring can lead to financial losses and increased debts.

It is crucial to check the financial status of customers before extending goods and services.

Is outsourced credit control services is right for my business?

Outsourcing credit control services is beneficial for businesses of all sizes. It helps maintain a steady cash flow, reduces the risk of debt, and ensures strict monitoring of accounts. Outsourcing credit services is right for you if:

  • You have an inexperienced staff to manage accounts efficiently.
  • You face late payments frequently; outsourcing credit services can help with timely collection and maintaining a steady cash flow.
  • With various business issues to address, outsourcing credit services allows you to focus on core problems while experts manage the cash flow.
  • It is more cost-effective than hiring staff with limited expertise and tools.
  • Credit service providers have the necessary expertise to effectively manage processes and maintain stability

The benefits of outsourcing your credit control to EE International

The core components of recruitment marketing in the UK includes: 

Cost Savings

Establishing and promoting the organization’s reputation and identity as an employer of choice by defining values, culture, and benefits.

Focus on Core Activities

Utilizing platforms like LinkedIn, Twitter, Facebook, and Instagram to promote job openings, engage with candidates, and showcase the employer brand.

Risk Management

Attracting candidates through compelling content such as employee spotlights, remote work policies, blogs, and project showcases.

Professionalism and Reputation

Identifying and categorizing potential candidates based on job requirements for tailored marketing strategies.

Tailored Solutions

Tracking campaign performance, measuring metrics like applicant quality and source effectiveness, and optimizing strategies for better outcomes