Introductory Offer for Chamber Members - Free Consultation with a Client Credit Risk & Compliance Manager 20% Discount on professional fees (excluding Ledger Management Service

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​The Bottleneck that stops Cashflow
 
Understanding the importance of cash flow is something that is not always considered. Business focuses on selling and invest heavily into this area and of course rightly so! No customers no business, but business owners on their endeavours to expand their organisations often forget that the cash has to flow from those lucrative sales.
Where cash stops flowing is in the often-overlooked Debtors ledger or Accounts receivable file. It bottlenecks in Days Beyond Terms waiting for action and becomes the bane of the sales person and the worry of the business owner.
How do you ask to be paid without upsetting the customer? The answer is simple don’t let the customer go beyond the payment terms you agreed but if they have start immediately on a collection process as everyday counts.
But what about the relationship, they won’t buy my services again if I look to get paid or send a debt letter? If the customer valued the service you provided would they delay payment to such an extent it puts your business in jeopardy. Business goes out of business because of business! You need to find out why they are not paying you and It’s usually one of the following three bullet points.

• Can’t- they don’t have the financial bandwidth to pay you
• Won’t- they are using the extended credit to pay a more preferential suppler or to service their own bank account.
• Shouldn’t- they have queries or disputes and are not happy with service they have received.

So how do you get paid on time and grow your business whilst improving your
cash-flow?
At the Ward Group, we provide a unique professionally managed service to SME’s called Ledger Management Services {please see more detail below}.
It is an outsource credit control solution covering the domestic and international markets  at a fraction of the cost of employing a full-time credit controller/accounts personnel and in a short space of time it pays for itself. It is an always on service that “Gets you paid on Time”.

For More Information Contact:
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​Paula Carney-Hoffler E.I.I.C.M Credit Mgt.Cert,DipLaw
Client Credit Risk & Compliance Manager
Hugh J Ward & Co Solicitors
9 Seville Place
Dublin 1
 
Mobile: 087 2681891
PCarney-Hoffler@hughjwardsolicitors.ie