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Credit Control Solutions

Outsourced Credit Control solutions to reduce bad debts, optimize cash flow and improve business relationships

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Optimize Cash Flow and Increase Working Capital with QX’s Credit Control Solutions

The credit control function is extremely important for any business, no matter big or small, as it is directly linked to optimization of cash flow and avoidance of bad debts. However, the credit control process, by nature is complex and time-consuming, which can make it a big burden on in-house accounting teams.

QX is a leading outsourced finance & accounting solutions provider offering a range of credit control solutions that ensure that your business gets paid promptly. Outsource your credit control to QX to reduce burden on accounting teams and drive focus to core business activities.

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Benefits

Reduced DSO

Work with a team of dedicated credit control experts to bring down your DSO and cash collection shortfalls.

Improved Customer Experience

Well-trained communications experts ensure that your customers get ample but polite reminders, so that relationships are not impacted.

Performance-driven Teams

Processes for daily monitoring on call logs, call barging, real-time status on number of ledgers chased by the staff and screen display on the floor for call stats visibility.

Future Focus

Outsource mundane credit control tasks and allow your core accounting team to focus fully on business growth and transformation.

Customized Reporting

Receive MIS reports, tailored to your specifications, along with detailed debtor’s reports, with insightful data on customer behavior.

Services

Credit Control Solutions

Solutions

  • Pre-invoice check
  • Invoicing
  • Post-invoice verification
  • Chasing via telephone, email, fax
  • Follow-up for invoices and payments promised
  • Dunning letters and statements
  • Update remittance advices and receipts from bank statement
  • Cash applications
  • Debt collection against previous aged debtors’ report
  • Liaise with legal & compliance department for legal action
  • Credit control MIS reports
  • Aged debtors report with last month comparison and commentary
  • Collection by age of the debtor
  • Debtors’ report with comments on debtors older than 60 days and 90+ days
  • Debtors’ ledger review
  • Suspected debtors – “Debtors can’t pay” and “Debtors wouldn’t pay” analysis
  • Reports for debtors “On stop”, debtors for “Legal actions”, debtors for “Recommencement”

Choose the Best Finance & Accounting Outsourcing Services Provider

SOC 2 and GDPR Compliant

An award-winning company that is both SOC 2 and GDPR Compliant

acca

ACCA- approved Gold Employer

ISO 27001 compliance for security

ISO 27001 compliance for security & ISO 9001 compliant for quality management

A steady stream of qualified accountants

A steady stream of qualified accountants through the QX Academy

QX Tracker App

Stay on top of all accounting jobs with QX Tracker App

Flexible engagement models

Flexible engagement models catering to all requirements, whether big, minor, temporary, or permanent

Explore Resources

Reducing DSOs with Expert Credit Control Companies
Blog

Reducing DSOs with Expert Credit Control Companies

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Credit Control Optimization for Recruitment Giant
Case Study

Credit Control Optimization for Recruitment Giant

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10 Qualities of High-performing Credit Control Professionals
Blog

10 Qualities of High-performing Credit Control Professionals

Read More

FAQs

Here are some of the most frequently asked questions around Credit Control outsourcing. If you have a question that isn’t answered here, please feel free to contact our sales team – they’ll be happy to help!

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