A Financial Director’s opinion on outsourcing credit control

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A Financial Director’s opinion on outsourcing credit control

“The outsourced solution provided by Sterling is not just cost-effective but also one that ensures effective and comprehensive management of all aspects of the accounts receivable function.”

Our partnership with Sterling started in October 2012, at which time an expensive and inefficient in-house credit control function resulted in more than £500K of working capital being tied up in an overdue debtor book. From the outset, Sterling has delivered a highly professional, reliable & effective service, reducing the overdue debtor book to less than £30K each month and collecting over 65% of the opening debtor book month on month. Recently, additional sales ledger duties such as cash posting & allocation, invoice posting and distribution have been added. The outsourced solution provided by Sterling is not just cost-effective but also one that ensures effective and comprehensive management of all aspects of the accounts receivable function. We view Sterling and the service they provide as a valuable part of our business and we would recommend their tailor-made solution without hesitation.

 

more about outsourced credit control here: www.creditcontrolservice.co.uk

2017-10-17T15:51:53+00:00 October 17th, 2017|Categories: Accountancy, B2B, Business, credit control, Debt, Debt Recovery, Finance, Late payment, News, Outsourcing, SME|