My Credit Controllers’ Post

Is there a better feeling than getting your business admin out of the way early? We don't think so! Stay on top of your bills with agreed monthly payments that suit you. Sign up for direct debit via My Account today - our short video shows you how: https://ow.ly/6CMc50Qprv1 #myaccount #waterbills #directdebit #businesswater

What’s your biggest challenge in managing unpaid invoices? 🤔 A) Timely follow-up B) Tracking payments C) Legal complexities We’d love to hear from you! Comment below with your choice and let’s discuss how Barclay MIS can help solve these challenges with our innovative debt collection software. 💼💡 #DebtRecoveryPoll #BusinessSolutions #DebtCollectionTech #BarclayMIS #FinancialHealth

When saving big on processing fees makes you feel young again! 💃💸 #ProcessingSavings #DancingThroughTheSavings #BusinessWin #StellarPayments #FeelGoodFinances

𝗚𝗲𝘁 𝗣𝗮𝗶𝗱 𝘄𝗶𝘁𝗵 𝘁𝗵𝗲𝘀𝗲 𝟯 𝗦𝗶𝗺𝗽𝗹𝗲 𝗦𝘁𝗲𝗽𝘀! 💷 Find yourself waiting for payments, watching debts stretch for months or even years? It's time to take control and keep your cash flowing! Here's a quick guide to setting up hassle-free payment procedures: 1️⃣ 𝗔𝘀𝗸 𝗡𝗶𝗰𝗲𝗹𝘆: Politely request payment when an invoice is overdue. Give your client a friendly heads-up to settle within the next 7 days – always put a time limit on it! 2️⃣ 𝗦𝗲𝗻𝗱 𝗮 𝗥𝗲𝗺𝗶𝗻𝗱𝗲𝗿: Follow up gently! If the payment isn't forthcoming, give the client 48 hours to make the payment otherwise late payment fees or interest will be added (𝓽𝓱𝓮𝓼𝓮 𝓼𝓱𝓸𝓾𝓵𝓭 𝓫𝓮 𝓲𝓷 𝔂𝓸𝓾𝓻 𝓬𝓸𝓷𝓽𝓻𝓪𝓬𝓽 – 𝓲𝓯 𝓽𝓱𝓮𝔂 𝓪𝓻𝓮𝓷’𝓽 𝓽𝓱𝓮𝔂 𝓼𝓱𝓸𝓾𝓵𝓭 𝓫𝓮!!!). Nudging your clients can work wonders! 3️⃣ 𝗧𝗮𝗸𝗲 𝗔𝗰𝘁𝗶𝗼𝗻: It's time to add those fees and give them a final 48-hour notice. If the payment isn't made, the matter goes to legal action. Protect your business! Remember, it's not just about getting paid; it's about creating a smooth process for everyone! #cashflowmanagement #businesstips #latepaymentsnomore

Overdue payments slowing down your operations? We have the solutions to help you recover what’s owed to you—fast. Let’s work together to keep your business thriving. #DebtRecovery #Solicitor #LegalSupport #DebtCollection #FinancialAdvice #LegalHelp #DebtSolutions #LawyerLife #CreditRecovery #LegalAdvice

Here’s a great insight into the 3 reasons why companies or individuals may not be paying their invoices and what to do!

𝗚𝗲𝘁 𝗣𝗮𝗶𝗱 𝘄𝗶𝘁𝗵 𝘁𝗵𝗲𝘀𝗲 𝟯 𝗦𝗶𝗺𝗽𝗹𝗲 𝗦𝘁𝗲𝗽𝘀! 💷 Find yourself waiting for payments, watching debts stretch for months or even years? It's time to take control and keep your cash flowing! Here's a quick guide to setting up hassle-free payment procedures: 1️⃣ 𝗔𝘀𝗸 𝗡𝗶𝗰𝗲𝗹𝘆: Politely request payment when an invoice is overdue. Give your client a friendly heads-up to settle within the next 7 days – always put a time limit on it! 2️⃣ 𝗦𝗲𝗻𝗱 𝗮 𝗥𝗲𝗺𝗶𝗻𝗱𝗲𝗿: Follow up gently! If the payment isn't forthcoming, give the client 48 hours to make the payment otherwise late payment fees or interest will be added (𝓽𝓱𝓮𝓼𝓮 𝓼𝓱𝓸𝓾𝓵𝓭 𝓫𝓮 𝓲𝓷 𝔂𝓸𝓾𝓻 𝓬𝓸𝓷𝓽𝓻𝓪𝓬𝓽 – 𝓲𝓯 𝓽𝓱𝓮𝔂 𝓪𝓻𝓮𝓷’𝓽 𝓽𝓱𝓮𝔂 𝓼𝓱𝓸𝓾𝓵𝓭 𝓫𝓮!!!). Nudging your clients can work wonders! 3️⃣ 𝗧𝗮𝗸𝗲 𝗔𝗰𝘁𝗶𝗼𝗻: It's time to add those fees and give them a final 48-hour notice. If the payment isn't made, the matter goes to legal action. Protect your business! Remember, it's not just about getting paid; it's about creating a smooth process for everyone! #cashflowmanagement #businesstips #latepaymentsnomore

Collecting money owed by customers for goods and services you have provided on credit should not be difficult. And yet thousands of businesses struggle with #LatePayments every year. Enter your #AccountsReceivable department. In this blog, we discuss eight ways to transform your accounts receivable into a well-oiled machine: https://lnkd.in/eEWW82r3

💼 Struggling with collecting past due invoices? Keeping cash flow steady is critical, but chasing late payments can be frustrating and time-consuming for any business 😤 Who to chase first? When? Calls or Emails? That's why we've put together this simple step-by-step guide on how to collect past due invoices—a practical resource to help you recover payments without damaging valuable client relationships. From sending polite reminders to when to escalate the process, we've got you covered. Read the guide now: https://lnkd.in/eEZf-pXM #Kolleno #Cashflow #AccountsReceivable #FinanceTips

Almost half (41%) of dispute resolution applications to the VSBC under the Small Business Commission Act during FY 2023-24 were related to unpaid money. Commissioner Lynda McAlary-Smith said in a media release today that this was a reminder for big businesses to pay small enterprises on time. “Small businesses are impacted by late payments in a big way and they’re often in a power imbalance with larger clients, which is when we assist.” “Cashflow is a major concern for small business owners. Many business owners are waiting on outstanding payments for their goods and services…and in turn are stressed about paying their own bills. They don’t go into business to provide a free credit line to others.” Read our media release: https://bit.ly/48s3QK6 View our Annual Report in PDF or accessible RTF formats: https://bit.ly/3UvRzhQ