Receivables collections and credit management services

Receivables become overdue for a number of reasons e.g. cultural differences, damaged or faulty goods, deficiencies in paperwork, liquidity problems - the list is seemingly endless. Very often it is because of inadequate credit reports before the order was accepted or reluctance to chase payments.

Introducing Commercial Angles into the collections process shows your customer not only that you perceive that a problem exists with the overdue receivables but it also identifies the root cause of the problem more quickly. Also if the debtor is outside UK, our knowledge of different cultures, languages and commercial practices may assist in a speedier payment.

overdue receivables management Speedily identifying the reasons for the overdue receivables is beneficial since the difficulty and cost of obtaining collections increases with time. Also you may have other receivables which are not yet overdue and these may in turn prove difficult to collect unless the problem issues are addressed.

Commercial Angles' service includes establishing the reasons for non-payment and advising on the action to be taken. Wherever possible we will attempt to negotiate an agreed settlement on your behalf. However, legal action as a last resort can not always be avoided. When this action is necessary and if you authorise this step, we will either originate County Court action ourselves or we will brief solicitors, who specialise in High Court debt collection, to pursue your claim.

Commercial Angles also provide credit reports on potential clients to reduce your risk of overdue receivables in the future. These reports benefit from our local knowledge and tend to be more up-to-date, particularly about small businesses, than those from large global credit reference agencies.