A Sales Ledger Turned Around
A fast growing Container and Self Storage Company contacted us when the accounts department was overwhelmed with the volume of aged debt.
A R M carried out a detailed process audit and created a Company Credit Control Policy including detailed order to invoices processes. The implementation of the new policy results in improved sales processes.
A dedicated senior credit controller tackles customer contact. A vastly improved sales ledger with established processes is handed back to the client after 12 months.
A Solid Process and Consistency
A successful and growing London Brewery gets in touch on advise of their accountant. The business is growing and cash flow is tight due to late paying customers.
A R M creates a tailored mini process and immediately contacts late payers. After one month 83% of sales invoices are current.
When the business grows further and a sales team is created, A R M create a credit control policy including detailed order to cash process flows. The dedicated credit controller works alongside sales and accounts. The aged debtors remain healthy despite rapid sales growth.
A Successful Outcome
A consultant is owed £5K by a company in IVA, legal action cannot be taken against them. The consultant has unsuccessfully tried to obtain payment
A R M negotiated a payment plan with administrators, and payment by standing order was made. The debt was cleared.
Persistence Pays Off
A small business lost a contract from a large corporation. One final invoice was outstanding and despite regular calls, the amount remained unpaid. The accounts department avoided calls.
A R M hand delivered a final reminder (including late payment fees) and set a final payment deadline – the amount due, including the late payment fee was paid.
A Flexible Solution
A company is owed £3,500. Five months of many promises do not result in actual payment.
A R M contact the company and discover they are having cash flow problems. A payment plan (cash and reciprocate services) is negotiated, documented and put in place.