The first step to generate cash in any business is to speed up debt collection and reduce debtor days.
Efficient debt collection reduces the need for increasing borrowing and incurring the additional costs resulting from this. It also reduces the risk of bad debts as potential problems are identified at an earlier stage.
Harrisons can assist in the debt collection process thereby releasing valuable management time to be spent more lucratively in generating new business. This service can take the form of a one off collection of debt or a fully outsourced facility, the latter of which can be managed seemlessly so that your customers still consider that it is your own internal resource handling the process. This is known as ‘White Labelling’ and has become a hugely increasing means of operating, as not only does it result in improved cash flow, but also an improved, streamlined and professional collection facility ultimately also benefitting your customers.
For further information on debt collection or any of our other products and services, please complete the Get A Quote, Contact Form or email info@harrisonsfinance.uk.com. Alternatively simply telephone our national rate number 0845 601 5343 or contact your local Harrisons office, details of which can be found within the Contact Us section.
