Do you feel like you are constantly chasing payments?

Thanks to improving credit control, we saved our client £20 000 per year on factoring charges.

How did we do it?
We helped our client to automate payment reminders, consistently sending invoices without delay.

My client used a manual accounting system since setting up, and the company didn’t control payments in real-time.
Invoices were sent ad hoc, and following up sometimes took even months!

Xero cloud accounting was the ideal transition for them. It allowed them to automate invoice reminders and control invoices sent.

We also found that some accepted quotes have never been invoiced!
Xero allowed my client to check which quotes were accepted and invoiced.

Now their customers receive invoices on time. Plus, reminder emails are set up if a customer does not pay.

Having automated invoice reminders set up allowed our client to:

1. Receive payments promptly to ensure positive cash flow.

2. Have proactive communication with customers through automated reminders and notifications.

3. Streamline payment processes, leading to smoother transactions.

4. Improve accuracy and consistency in credit assessments, invoicing, and payment tracking.

5. Our client regained control of their finances and received the full amount owed to them.

Have you explored the power of automation for credit control in your business?

Contact us today to help you streamline the processes in your organisation, save money and reduce costs.

We are not just accountants; we are your business advisers and support you every day, not once per year.