Proven Benefits of a Corporate Debt Recovery Agency
The Benefits of a Corporate Debt Recovery Agency
Businesses throughout the UK rely on a steady income of payments from their clients. Without this, companies could not operate as they need to and would be at risk of closure due to a lack of funds. Under normal circumstances, payments are made on time and cause no issues.
Despite this, there are still clients who will go to any length to avoid paying what they owe. If this happens, business owners are often unsure of how to proceed. Many factors contribute to their decision making, and they need to spend time considering the best solution.
The most widely used and effective solution is to instruct the services of a corporate debt recovery agency. Federal Management is one such agency, and we have helped thousands of businesses recover millions of pounds worth of unpaid debt since our openings in 2004.
We asked our corporate debt recovery experts what the key benefits of instructing a corporate debt recovery agency were.
The Benefits of Instructing a Debt Recovery Agency
Corporate Debt Recovery Process
Most corporate businesses have a credit control process in place. These processes can be effective in resolving minor issues with clients that have issues paying. Many cases can be resolved with a short and polite conversation, whereas others require time to properly work through.
An example of this might be a client that can not be reached and must be chased continually.
If this continues for too long, the cost of recovering the debt using an in-house process might amount to more than the debt’s value.
As well as this, your credit control team will not be able to work on value-based tasks that grow the business…
…when they are spending too much time chasing clients for a payment that is outstanding.
Many people consider taking steps such as court actions for business debt. Whilst this is a good measure, it can take a long time and seriously impact your cash flow as well as draining resources.
A corporate debt collection agency will work on all matters relating to the recovery of your unpaid fees.
Federal Management, for example, has a robust and effective corporate debt collection process.
Our agents will enforce the collection of a debt professionally and diligently in a cost-effective manner.
Our process ensures that funds are recovered in a way that concludes the case amicably for all those that are involved.
This leaves client relationships unchanged, allowing future business opportunities to be undertaken.
As an accredited and award-winning organisation, we have developed and defined a series of innovative debt collection services.
These solutions are unrivaled in terms of cost and service.
Our practices are specifically bespoke to the client’s industry & needs.
Unlike, the majority, we do not operate ineffective call centres or use dialler telephone systems. The emphasis is very much on quality, not quantity as the results we obtain demonstrate.
Each and every case is dealt with by an experienced collections officer. and actioned on its own merits.
This maximises the amount of debt and is far greater than that of the ‘call centre’ type companies that operate with their conveyor belt procedures.
Our commitment to excellence is clearly demonstrated by our ISO:9001 accreditation, Investors in People Award and a 100% pass rate in the Credit Services Association’s ‘Collectors Accreditation Initiative’.
If you are seeking a corporate debt collection agency that truly maximises the results for your company then there really is only one solution, Federal Management.
Take the first step to increasing your company profits and speak to one of our expert advisers today.
What is Corporate Debt Recovery?
Corporate debt recovery is the process of collecting outstanding payments from a company’s customers and clients. It involves actively pursuing payment through a range of methods, including issuing statements, making telephone calls, sending letters and emails, undertaking legal action and arranging face-to-face meetings with customers.
The aim of corporate debt recovery is to maximise the amount recovered for the company in the shortest time possible, minimising any losses incurred.
At Federal Management, we know that recovering unpaid corporate debts is essential for businesses to remain profitable and reduce bad debt. Our team of highly experienced agents are skilled in the process of debt recovery and will work with you to ensure your company’s debts are paid on time and without interruption.
We offer a range of services designed to meet the needs of all types of businesses. We provide both pre-legal and legal services. We can also assist with additional corporate debt recovery actions such as issuing statutory demands, instigating court proceedings and providing insolvency advice. We also have a team of experienced debt negotiators who can negotiate with the debtor to reach an acceptable payment plan.
Our services are designed to be cost effective and efficient, helping you get the best results possible in recovering your debts. We provide regular and detailed updates throughout the process, meaning you will always be kept up to date with the progress of your case.
We are committed to providing a high level of service, which is why we have received numerous awards in recognition of our commitment to customer service. Our team are friendly and knowledgeable and always happy to answer any questions you may have about corporate debt recovery.
Why Choose Federal Management for Corporate Debt Recovery?
At Federal Management we understand that collecting money from customers can be a difficult and daunting task for companies. That’s why we provide an ethical yet effective debt recovery service to ensure clients get back what is owed to them quickly and efficiently. Our experienced teams of agents are dedicated to obtaining the best results for our clients.
We use a range of methods to pursue payment, including issuing court proceedings, enforcing judgement debts and conducting mediation with customers. We also offer free advice on debt collection policies and procedures as well as guidance on how to improve credit control processes in order to reduce bad debt losses.
If you require help with debt recovery, contact us today and allow us to take the stress away. Our team of specialists will be more than happy to answer any questions or queries you may have. We are here to help!
We understand that collecting money from customers can be a long-term issue for many businesses. That’s why we will work hard to ensure the most efficient and cost-effective debt collection process for you. We offer tailored services so that our clients can be sure that they are in safe hands when it comes to recovering their money.
Our consultants have years of experience in dealing with a wide variety of debtors, from large corporations to private individuals. Our FCA Debt Collection services are accredited and compliant, so you can be sure that any debt recovery process we undertake will be conducted in accordance with the strictest regulations.
Our services are designed to ensure that your debts are recovered in a professional way and without any disruption to your business operations. For more information on our Corporate Debt Recovery solutions, contact us today.