SMEs that outsource their accounts payable function, can improve cashflow and peace of mind

Oct. 14, 2011 - PRLog -- “We have noticed an upsurge in enquiries from SMEs who would like to collect monies owed before they actually become debts, typically between 30 to 60 days after payment was due. This seems to be related to SMEs choosing to focus on  growing their core business and outsourcing their back-end collection functions such as making sure that payments are coming in on time.  Many SMEs have to increase their FTE staff numbers to deal with delays in payments from customers, whereas outsourcing can allow them to reduce their wage bill and still ensure customers are being contacted regularly to prompt payment. It also reduces their concerns about providing cover in this area for staff holidays, sickness, and other employee statutory leave entitlements.

“These days, more than ever, cashflow is king, and SMEs are striving to ensure that they are not losing out to late or non-payers. With the government recently indicating that they will implement the new EU late payment directive 12 months ahead of the deadline, so that the UK will be operating under the new rules from March 2012, it is a good time for companies to take stock of their invoicing and payment-chasing policies.”

For further information please contact:
Nicolle Farthing/ Emma Murphy/ Lianne Robinson
Broadgate Mainland
Tel: 020 7726 6111
nfarthing@broadgatemainland.com / emurphy@broadgatemainland.com  / lrobinson@broadgatemainland.com

Notes to editors

Daniels Silverman is a leading national debt collection agency that has been providing professional debt recovery services since 1995. It specialises in business debt collection and consumer debt recovery on a no recovery no fee basis. Daniels Silverman has developed a unique debt recovery IT system and unrivalled debt recovery processes for fast and cost effective debt collection. Daniels Silverman is committed to delivering professional, ethical debt recovery services. It holds an Office of Fair Trading Licence and is a member of the Credit Services Association.

Website
http://www.danielssilverman.co.uk/

Twitter
http://twitter.com/DSilvermanLtd

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Founded in 1994, Broadgate Mainland is an award-winning company that specialises in financial services public relations.