Outsourced Credit Control

Outsourcing your credit control can deliver numerous benefits to your business. We have a solution whether you are an SME or a large company. Our services provide you with 24/7 credit control, doing it in your name, replacing your human resource shortages, and keeping your cash flow positive.

Calculate the cost of outsourcing your ledger
Credit Control
%
Include:

Grow your business and focus on your core activity Reduce your DSO and increase your cash flow Forecast and budget with confidence Reduce resource management concerns Save on borrowing costs Enhance customer service and retention

From onboarding to payment
We tailor our services to your business, and they are undisclosed – we act in your name on a confidential basis which can include:
Collection from invoice date – we confirm receipt of large invoices, ensure these invoices are query free and gain their payment method and date. For smaller invoices, we would develop collection strategies in agreement with you
Credit application processing and credit checking against your rules
When opening new accounts, we would ensure your terms of payment is agreed
Setting credit limits and continual monitoring, avoiding bad debts
Invoicing in your name – we ensure your invoices are clear and contain agreed payment terms and any purchase order numbers
Tailored to suit every business type
Smaller businesses use our services when they lack the expertise or the resources. At the same time, larger companies typically need tailored services and the management of specific customer portfolios due to staff shortages.
Businesses struggling to recruit credit control staff
Small businesses who do not want the burden of credit management
Companies who want to focus on major accounts in house and outsource smaller ledgers
Seasonal business – when demand is high at certain times of the year
Fast-growing companies that need additional resource
Acquisitive companies – when making acquisitions, they need to ensure credit control follow their rules
Companies with a high volume of small accounts – more cost-effective to outsource
Companies with annual contracts and subscriptions
Companies who want to outsource specific parts of the credit management function

If you are a £5m SME reducing your days’ sales outstanding by five days returns £68,000 to cashflow, and if you are a £30m company, this would be £411,000.

Get paid today, contact STA

Whatever size your business is, we have the expertise to make a difference and help you gain a competitive advantage.