Your ultimate guide to credit control - Insight Associates Limited

Your ultimate guide to credit control.

As a business, your success hinges on actually being paid for the work you do. Sounds simple, right?

Unfortunately, thousands of businesses across the UK are struggling with the widespread practice of late payment, which has a knock-on impact on their own ability to honour their financial commitments and, in the worst-case scenario, can result in business insolvency.

The good news is that you can do something about it. By investing in some good software (our choice is iplicit, a cloud-based accounting solution for growing and mid-sized businesses) and making some changes to the way your finance department functions, you’ll be well on your way to eliminating late payments and strengthening your business for the future.

All it takes is some good credit control – let us show you how.

Fill in the form opposite to download our comprehensive Guide to Credit Control and get a FREE credit report on the UK company of your choice

Download now and get a FREE credit report!

Your FREE credit report

A credit report can provide vital insights into a company’s:

Financial and credit history
Net worth
Cash reserves
Payment history
Previous finance applications
Accounts/tax returns filed by the company
Any high-risk behaviour, e.g. outstanding debts or County Court Judgements (CCJs) against them.

Armed with this information, you’ll have a much better understanding of the company’s trustworthiness and – most importantly – the likelihood of them paying promptly for your services!

Download our Guide to Credit Control and we’ll provide you with a FREE credit report on the company of your choice.

In our guide:

What is credit control?

Find out about what credit control is, common credit control measures and processes, and the types of businesses that might be most in need of robust credit control practices.

Why is credit control important?

We explain what could happen to businesses that fail to implement strong credit control policies, and the benefits of making credit control a priority within your business.

Our top 10 tips

Read our actionable tips to improve your credit control processes, ensure prompt payment and boost your business’s prospects.

iplicit – the answer to your credit control woes

At Insight Associates, we migrate all our clients to iplicit, a sophisticated, cloud-based accounting solution for growing and mid-sized businesses.

It offers excellent credit control functionality that makes it easy to keep track of payments and chase debts, including:

Automated, fully configurable debt chase emails
Intuitive layout that allows users to see all debtors, credit control notes and transactions on one easy to use screen
Ability to set grace periods
Aged debt reporting.