We recently helped a client based in North East England increase collections by £250,000 in 8 weeks. We provide complete, tailor made outsourced credit control strategies that help to optimise cash flow and profitability, delivering real value.
Effective receivables management can play a huge part in a business’s success and longevity. Many companies fail simply because of poor working capital which has been caused by ineffectively managed credit control. Time and resource are often the major factors causing inefficient credit control with research finding that on average only 16%* of an in house credit controller’s time is actually spent chasing debts.
Outsourcing credit control is an effective way to overcome this problem and boasts an array of advantages for businesses. These include improved cash flow, credit ratings and cost efficiency as well as protecting client relationships. Outsourcing also enables businesses to remain focused on operations, spending time generating revenues rather than chasing debts, whilst having the confidence to know that receivables are being taken care of. An added bonus is that this service can also provide flexibility within the workforce. This is because it takes away the burden of juggling staff numbers during busy or quiet periods because you can adjust the level of support your business needs accordingly.
Working in partnership with you
At Mazars we have unparalleled experience and understanding of the receivables market with links to an international network through Mazars worldwide partnerships
Mazars’ experts work alongside our clients to implement a range of services including:
- Outsourced Credit Control
- Overdue debt collection
- Credit management advice
- Reviews – systems, processes and personnel
- Audits – receivable reviews
- Bespoke reporting and attending client visits
- Restructuring services – pre-appointment review of the sales ledger and sales ledger verification
- Insolvency recovery and services to ABLs
Mazars Receivables Management is a trading name of Mazars Financial Planning Limited and is authorised and regulated by the Financial Conduct Authority.
*Mazars Source Credit Management Benchmark report
Mazars has partnered with Fluidly: the intelligent cashflow management software provider. Fluidly uses Artificial Intelligence and Machine Learning to forecast cashflow and optimise finance. This cutting edge technology, when combined with Mazars' focus on relationships and understanding our clients, delivers exceptional results.
Caroline Plumb OBE, CEO of Fluidly, explains more about how the software can help our clients: