How can you pay your bills faster?
These days, non-payment and delays in settling invoices have become a source of insecurity for companies.
They must therefore ensure that they have sufficient cash flow or adequate working capital to prevent any potential financial difficulties.
Accelerating invoice payments enables companies to reduce their DSO (Days Sales Outstanding ), and thus to look to the future with peace of mind.
Optimizing debt collection: a rigorous process and tailored solutions
Implementing a rigorous dunning process is the key to controlling your DSO.
However, in-house solutions and human resources allocated to cash collection are often not enough to handle the entire customer portfolio.
The company must therefore define a dunning strategy in order to be more efficient.
In many companies, the relaunch project gives priority to large amounts of money, neglecting the many small invoices.
And yet.., successful commercial dunning is sometimes to prioritize the reminder according to several indicators, not just the invoice amount.
The lack of appetite for invoice dunning work tends to lengthen internal processing times.
Recruiting for this position requires financial resources that companies cannot afford in the current climate.
It is difficult to propose any other form of organization, except to outsource this task.
Speed up your sales reminders and invoice payments
If internal processes can’t meet your dunning needs, you can turn to external dunning solutions.
Choose outsourced solutions with real expertise in dunning and collections.
These dunning solutions are extremely simple and cost-effective to implement.
Our Softcollect mail-in invoice reminder service
Softcollect is perceived as a gas pedal of bill payment.
Pas d’externalisation à ce stade, un A “notice of collection” on our letterheadA “collection notice” on our letterhead is sent to the debtor to encourage him to react. Ideally, you should replace your 3th reminder by these collection letters, which will enable you to easily optimize your cash flow. The advantages of this amicable reminder solution :
- The debtor reacts almost immediately when he receives a letter on the letterhead of a collection professional (psychological effect of the change of interlocutor);
- Payments are made directly to you;
- No fee on amounts collected.
Our commercial reminder solution: Collectel
Collectel is a telephone reminder solution solution that allows us to operate as a white label (in your name) and on your behalf. Collectel lets you :
- speed up your payments and improve your cash flow;
- identify exactly when, how and what amounts will be settled;
- find out why your bills are not being paid;
- maintain an excellent commercial relationship with your customer.
Collectel operates under three watchwords:
- Simple: an Excel file ;
- Economical: no fee on amounts collected;
- Fast: within a few days.
Softcollect and Collectel are simple, cost-effective solutions for companies without in-house resources.
Invoicing is based on actual costs (mailings, completed contacts), with no fees on amounts collected.
The results are almost immediate, and your collection rate and payment times are rapidly optimized.
These solutions are even more relevant in B2B, where late payments are more often due to a lack of understanding or a simple oversight, rather than a genuine desire not to honor the invoice.