0330 100 8695 newbusiness@outsauce.net

Credit Control & Bad Debt Protection

Good business growth is supported by a great collections team

Our DSO across all clients is 45 days

OUTSAUCE CREDIT CONTROL

Outsauce provides an assigned Credit Controller who will liaise with you and your clients to ensure payments are made on time and in full.

We will work under your agreed payment terms, chase debtor payments, handle cash payments, take care of invoice and sales ledger verification, and manage debtor risk and the allocation and reconciliation of remittances.

Watch this video to find out more.

One of the most common reasons recruitment agencies fail is due to a lack of cash flow, caused by clients making late payments or not paying at all.

To improve your collections process, Outsauce provides an assigned Credit Controller who will liaise with you and your clients to ensure payments are made on time and in full.

We will work under your agreed payment terms, chase debtor payments, handle cash payments, take care of invoice and sales ledger verification, and manage debtor risk and the allocation and reconciliation of remittances.

Outsauce support a variety of recruitment sectors, which means we have experience of chasing anything from IT debtors on immediate payment terms to construction debtors on 60 days’ end of month. We also offer credit insurance so our clients have complete piece of mind.

We are highly experienced in dealing with debtors and can quickly establish that we are dealing with the correct contact to get your debts paid. If this means dealing with several Quantity Surveyor’s on the same account, we will allocate payments based on your client’s payment certificate documentation.

We work with numerous Vendor Managed Service portals, and so can quickly pinpoint discrepancies and confirm a course of action to enable verification of your billing and swift allocation of payments to the outstanding invoices.

Our Credit Control solution will act as an extension of your team. We work with your clients to ensure the relationship is protected but also that your business doesn’t suffer from bad debt.

We will:

  • Provide the expertise needed to collect difficult debts and escalate as required
  • Take care of invoicing and sales ledger verifications
  • Chase remittances and manage the allocation of payments
  • Save you time to focus on running your business, placing candidates and winning new contracts

The benefits?

  We have years of experience completing credit control across all sectors including Construction, Healthcare & Driving.

  Help you maintain relationships with your clients, by removing the difficult and uncomfortable conversations in respect to unpaid invoices.

  Save time and focus on winning business whilst we handle the rest.

 

CREDIT CONTROL IN ACTION

“Our previous factor was not thorough in its credit control, so we were left with a lot of bad debt. We are now working together with Outsauce to rectify this situation but still maintain relationships with our clients. The team at Outsauce has been brilliant”
Juanita Jones, Operations Manager, Care Direct Recruitment, Sussex.
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Debt Protection and Credit Insurance

In addition to our Credit Control solution, we offer a credit insurance policy to provide you with additional piece of mind. If your client is unable to pay for the work you have provided, either through insolvency or protracted default, Outsauce will manage all aspects of the insurance claim.

CIFs is our chosen Credit Insurance provider as they are one of the UK’s leading suppliers of Trade Credit Insurance and related credit management services.

Their policies provide our clients with comprehensive protection from the risk of bad debts – default – and customers’ business failure.

St Georges House
13-14 Ambrose Street
Cheltenham
Gloucestershire
GL50 3LG

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