Play time off and professionalise further
A key pillar of your business is well-functioning accounts receivable management. There will most likely come a point where you no longer have time to keep your own records. More and more companies and organisations are outsourcing their accounts receivable management. This not only gives relief to the organisation by taking work off your hands (pull up that vacancy!), but also brings further professionalisation. These accounts receivable managers advise you well in making smart choices so that you achieve your ambitious goals!
Why is debtor management so important for a business?
Every company wants to receive its cash as soon as possible. With a positive cash flow, you can meet your payment obligations or invest more quickly. In addition, good credit management will help you avoid potential disputes. If you meet all your obligations yourself, you will always be in a strong position when it comes to (legal) collection. Think about honouring orders and making good deliveries, but also about timely and adequate payment reminders or calls to customers. Although, in our view, it is of course always better to avoid problems altogether.
What do companies find particularly difficult about debtor management?
First of all, it is still done too much on top of it, so companies are not always short on time to remind debtors of payment obligations as early as possible. In addition, not everyone enjoys doing it. Good credit management stands or falls with the right tone and making clear agreements, positive-critical questioning and solution-oriented thinking and acting. It is a profession in itself!
Advantages of outsourcing receivables management?
Xolv has an established partner for outsourcing receivables management. We know they speak the right language and through critical questioning they detect potential problems at an early stage. They always look at what can be done. Collections and other procedures are best avoided. Based on knowledge and experience, they can often come up with solutions that are acceptable to both parties - and therefore good for the mutual relationship.
Want to explore options for outsourcing receivables management? We are happy to update you. Also take a look at our special page on debtor management.
