Credit Management Review Services | 50-Point Health Check

50-point credit management review

For any B2B business trading on credit terms, the effective performance of the credit management function – specifically the order-to-collections process – is essential to the company’s financial health and stability.

To give you a clear picture of your current performance and identify potential areas for improvement, we can perform a comprehensive review of nine key areas of your credit management processes, policies, people and systems – and provide expert recommendations on ways to improve.

From invoicing and dispute management to contact strategies and credit policies, we’ll review the areas we believe are fundamental to the successful performance of any company’s credit management, and identify ways to reduce the length of the invoice to cash cycle.

And, in the event you require collections or credit control support to recover aged debt or assist your team, we can provide dedicated and experienced resource to improve your cash position.

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What our credit management review service includes

A thorough review of your company’s credit management processes across 9 key areas
Expert recommendations on improving your credit management practices and processes
Support and training to existing team
Professional B2B debt recovery service to recover any aged or disputed invoices
Escalation to legal collections when needed
A fully confidential credit control service, if required

The benefits

Independent feedback and suggestions on how to improve your business’s credit management function
Access to dedicated and experienced credit control resource, where required
Improved sales ledger position by way of better collections results
Reduced costs due to improved efficiencies
Increased cash and working capital management
Improved dispute management

Use our tool for an instant appraisal of your credit management processes

In addition to our credit management review service, we have developed a health check tool that provides an instant appraisal of your credit management processes.

By answering 25 multiple choice questions, we’ll identify where your business is adhering to credit management best practice and pinpoint the processes and strategies you could implement to improve performance.

On completion you’ll be sent a detailed report summarising your performance, as well as tips on how to put these strategies into use and why they’re so important.

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Why choose Hilton-Baird?

Each year Hilton-Baird Collection Services undertakes hundreds of sales ledger reviews to help businesses improve their credit management, giving us a comprehensive understanding of the different best practices across a number of industries and allowing us to make helpful recommendations on ways to improve your performance.

An award-winning and FCA-regulated credit control and debt collection agency, our focus is to help businesses of all sizes to get paid faster and improve their processes, providing a professional and quality service that adds value to our clients.

Specialists in B2B debt, our team was voted Third Party Debt Collection Team of the Year at the CICM British Credit Awards in both 2018 and 2019, and we’re also members of the Credit Services Association.

To discuss our credit management review service and explore the value we could add to your business, call us on 0800 9774848 or enquire online.

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Increasingly, chasing payment was taking up more and more of our time and money. Having sought the help of Hilton-Baird Collection Services we were impressed by their techniques. To other SMEs experiencing the same problems, we would encourage them to seek professional assistance rather than consume precious business resource.

Erika Meager, Finance Director, Ship-Elec Ltd