CREDIT CONTROL
FAQ
Why should I employ Munro to collect my aged debts?
Employing a third party to collect aged debts is proven to be more effective. If a customer is over 60 days past due and have been ignoring your demands, it's probably time to try something different.
That's where we can step in. We have years of experience in dealing with all manner of cases and use our expertise to deliver results.
Unlike other credit control agencies we don't charge commission, just transparent flat fees.
We offer impartial advice based on experience and our in depth knowledge of all relevant legislation.
How do you integrate with my accounts team?
We set up a process in conjunction with your finance team or accountancy provider using an Aged Debtors report to target late payers and improve your cash flow.
Using Munro as your accountancy service will seamlessly integrate a weekly Credit Control function as part of the standard service we offer our clients.
Cash is King. The most basic element of running any successful business is ensuring cash flow is managed correctly.
Chasing down invoices and late payers can be a time consuming and difficult task, but is vital for ensuring your business survival.
At Munro, our team of experienced credit controllers can provide the services you need to ensure you stay on top of your debtors. From chasing late invoices on a case by case basis to managing your entire Sales Ledger, we provide a range of services to meet your specific needs and flexible pricing plans which take into account changes in your requirements.
We maintain high professional standards and treat all parties fairly and respectfully, ensuring that we don't damage customer relationships. We understand how hard it can be to win clients and don't want to lose them for you, so we take a measured approach to effectively and efficiently manage your debtors without prejudicing future trade.
We guarantee we can help boost your cash flow.
We provide a full range of credit control and corporate debt recovery services:
Outsourced Credit Control
You can remove the cost and time expense of managing your debtors by outsourcing the management of your Sales ledger to Munro.
We don't charge complex set up fees or tie you into a contract - we simply charge on a per account basis for the work we do.
We provide monthly information on Aged Debtors and collections, help set and manage reasonable credit limits for clients and can integrate seamlessly with your accounting systems ensuring your accounts and records are always up to date.
Whether you need to employ our services over a short term to cover for your in house staff or if you wish to outsource to free up your resources and improve your cash flow, contact us today to find the solution which fits.
Debt recovery
We offer a full debt recovery service, advising you on the most effective ways of recovering aged debts based on our experience in handling even the most difficult cases.
At Munro we help guide you through the process from issuing letters to raising statutory demands, initiating court proceedings and employing bailiffs. We always seek to minimise the costs you incur while maximising the amounts recovered and will advise on a case by case basis on the best approaches to take to ensure you can efficiently reclaim sums owed to you.
We guide you through the legislation - the Consumer Credit Act, Late Payment legislation and Court processes to ensure you have the highest possible chance of recovering sums owed to you in each case.
Credit Control Consultancy
Deciding the level of credit to offer a client or putting in place reasonable terms, processes and procedures requires expert advice.
We can advise on the best practice approaches to take, from setting up your sales ledger to understanding credit reports and processes, our experts can advise on the right solutions for your business.
Cash Flow and Credit Management
We offer impartial advice on how to use invoice factoring and discounting schemes to boost and benefit your cash flow or whether they are right for your business.
We can review your Sales Ledger and offer our opinion on the best way to manage your debtors and cash flow and help you review financing, factoring and other credit options available. With strong relationships with many factoring companies and banks, we can provide bespoke solutions for even the most challenging cash flow issues.