How debt recovery agencies help recover unpaid invoices faster

Debt recovery is a term that every business owner will be familiar with – in fact, it is a term that often evokes a sense of unease. Recovering unpaid invoices is one of the most challenging aspects of running a business, but it is a very important aspect, as unpaid invoices can quickly land a business in financial turmoil.  Whilst large businesses will often have an in-house team of credit controllers to manage debtors and oversee credit agreements, a high volume of smaller businesses do not have the same level of resources to throw at debt recovery. Although debt recovery can be carried out in-house, a debt recovery agency can help you recover unpaid invoices faster.

Expertise in Debt Recovery

By reaching out to a debt recovery agency, you will have a team of debt recovery specialists at your disposal.  The personnel employed by the agency are highly trained in their line of work and have the expertise and knowledge to achieve results, fast. It is important that debt recovery is carried out correctly, as mistakes can be costly if overdue accounts are mishandled by someone who does not have an understanding of debt collection laws and regulations. Even if your business employs one or more credit controllers, debt recovery may not be given the priority it warrants if your in-house team has many responsibilities to juggle.  A debt recovery agency can help you with this important aspect of business, as their primary focus is on recovering debts.

Professional Correspondence and Communication

There is no denying that good communication produces results and this is very much the case where debt recovery is concerned. 

Debt recovery specialists have years of experience under their belts and know exactly how to communicate with debtors in order to secure the best possible outcomes.  In addition, a customer is likely to take the matter of their overdue invoice much more seriously if they receive correspondence or a telephone call from a debt recovery agency. 

Once referred to them, the agency, working on your behalf, will take your lead on the type of approach needed.  Afterall, it is not their intention to damage the relationship you have formed with your customer.  They will often start by sending a letter, email, or making a telephone call, to open up the communication channels and encourage the customer to settle their outstanding debt.  If, during discussions, the customer advises that they are withholding payment due to an unresolved issue, then the agency may be able to offer a mediation service to get to the bottom of the matter. 

Supporting Business in all industries

If you are looking to free up valuable time and resources, rather than continue to lose precious hours chasing unpaid invoices, then teaming up with a debt recovery agency is a good option for your business.  Agencies, like ours, support businesses in all industries and have access to the very best tools and strategies, thus speeding up the process of debt recovery to get your business cashflow back on track as soon as possible.

Contact Us

If you would like to put your business in good stead for the future, then please give us a on call 01603 319034 or email: info@jacksonscrs.co.uk for a free no obligation chat about your needs and how we can help.