Credit control is an effective method to maintain regular cash flow and reduce the risk of unwanted debts. At Fairmont, we have a thorough understanding of the importance of this strategy and its benefits, so you can count on us to assist you in the core elements of credit control with a high degree of expertise and professionalism.
This practice is used by many businesses around the globe and for good reason too. It refers to a set of processes that help increase the likelihood of customers paying for goods on time. Effective credit control helps business processes run smoothly and helps to solidify their financial stability.
A great place to start is to set clear payment terms and to advertise these to customers as this can help reduce the likelihood of disputes. Our solicitors are on hand to help with drafting comprehensive credit agreements that highlight payment deadlines, interest charges, and action taken over non-payment.
Our experts can also assist with credit checks, helping to reduce financial risk. We understand how important it is to ensure a customer’s financial circumstance is in good health, which is why we assist you in ensuring customers are properly vetted.
To stay organised, introducing an invoicing system is highly recommended. We support you in creating a robust system that you can use to help prevent late payments and debts from accumulating.
If you are dealing with overdue accounts, our debt recovery experts use their expertise to assist and guide you to help you obtain what is rightfully yours.
Take the first step in regaining what is rightfully owed to you by contacting our commercial debt recovery specialists today. With Fairmont Legal by your side, you can get back to growing your business with the confidence of knowing your commercial debt recovery is underway.
Website by Webnetic Design
