The problem of late payment is getting worse, with small and medium sized businesses now due an average of £27,214 in overdue invoices. The post Late payment is on the rise – but can be reduced significantly with these simple steps appeared first on Hilton-Baird Collection Services ..read more

How credit control teams can build strong relationships with customers’ accounts payable teams and get paid faster. The post Why strong customer relationships hold the key to getting paid on time appeared first on Hilton-Baird Collection Services ..read more

The problem of late payment is getting worse, with small and medium sized businesses now due an average of £27,214 in overdue invoices. The post Late payment is on the rise – but can be reduced significantly with these simple steps appeared first on Hilton-Baird Collection Services ..read more

When it comes to credit control, having processes and a structure in place can be incredibly helpful. This is especially so when it comes to having a consistent timeline for your team to follow when recovering payment from customers – and particularly when that’s borne from experience. Contacting your customers at key stages of the […] The post Credit control timeline: 8 steps to collect payment from customers appeared first on Hilton-Baird Collection Services ..read more

This blog shares valuable tips, insights and strategies to help you to secure more timely payments from your customers. The post How to get paid on time: Tips from a debt collection agency appeared first on Hilton-Baird Collection Services ..read more

Emails provide an efficient and effective means of communication when it comes to credit control efforts, both to encourage timely payment and to strengthen customer relationships. In this article, we explore the most important emails to send to customers as part of your credit control strategy. Receipt of invoice confirmation Subject: Your invoice [Invoice Number] […] The post Seven of the most important credit control emails to send to customers appeared first on Hilton-Baird Collection Services ..read more

For many businesses, offering credit terms to customers is a necessary evil. Yet this one solution can solve each of the challenges. The post How to overcome the challenges of offering credit terms appeared first on Hilton-Baird Collection Services ..read more

Credit insurance can be an incredibly useful tool to help businesses protect their cash flow when offering credit to customers. The post The growing value of credit insurance appeared first on Hilton-Baird Collection Services ..read more

Avoid falling prey to fraudulent invoices. Here's what invoice fraud looks like in 2023 and how you protect your business against it. The post How to protect your business against invoice fraud appeared first on Hilton-Baird Collection Services ..read more

With the UK economy all but confirmed to be in another recession, what steps should businesses take to protect themselves from the growing threat of late payment? The post How to recession-proof your credit control appeared first on Hilton-Baird Collection Services ..read more