Outsourced Collections for recruitment

Why use CMG for your credit management needs?

• Excellent track record of getting payment for ‘back door’ hiring.
• All communication is carried out in your name, your customers  won’t know there is a 3^rd party involved
• You benefit from our considerable experience delivering credit control solutions to recruitment firms with proven results
• We help you obtain a more cost effective, business focused solution than using Factoring
• We help you reduce costs if you use CID  (Confidential Invoice Discounting) or CHOCS  (Client Handles Own Collections Service)  to finance your business
• We take the hassle out of credit control; we use collection strategies we’ve discussed with you in advance and reduce management time from you
• Your clients are just as important to us and we aim to improve relationships while encouraging them to pay you more quickly.
• Customer payments are credited directly to your bank account so you remain in control.
• Our service provides reduced overheads compared to an additional in-house employee and far less cost than employing a person of a similar calibre to the CMG UK staff.
• Little to no management time required by you, our approach is agreed at the outset with you and we provide regular reporting to keep you informed of all progress.
• We have a proven track record of significantly reducing debtor days significantly therefore increasing ROI.

Our outsourced collections service includes:

• Credit control activity carried out seamlessly in your company’s name.
• Mapping one of your geographic telephone numbers to our telephone system where incoming calls will be answered in your company’s name.
• Credit checks and monitoring of all existing and potential customers.
• Assistance with credit limit setting and risk management.
• Liaising with invoice finance and credit insurance companies.
• A regular review of your ledger with you to discuss escalation of delinquent debts.
• Regular reporting of collection activity, cash projections and disputed invoices to ensure you are continually in the loop regarding all communications with your clients.
• Administration of ‘Credit Hold’ process if suitable for your business.
• Final Demand letters from CMG UK to your customer.
• Assistance to take legal action against debtors through the court process and enforcement.
• We have a proven track record of significantly reducing debtor days significantly therefore increasing ROI.

Take a look at our Outsourced Credit Control case studies

Pricing

Unlike many other outsourced credit control solutions, our costs are calculated by time spent on your collections rather than per customer; we find that this is the fairest way to charge for our service as it enables us to keep the pressure on delinquent customers without having to halt collection activity because we have run out of chargeable time. Conversely, you don’t pay an additional premium when payment is received after only one contact with a customer. Our prices start from £597+ VAT per month.

Download our guide to Outsourced Collections

Please don’t hesitate, contact us now; we are more than happy to offer you a free, no obligation discussion of how Outsourced Collections with CMG UK can improve your cash flow and reduce your risk to bad debt.