If you are looking for a way to simplify your business processes, it makes a lot of sense to outsource accounts payable. Managing credit control is time consuming and complex, you need not struggle with this. Instead, let us do it on your behalf. At Sollertia, we have the necessary skills and experience to make sure that outstanding accounts are paid.
Making sure that your customers pay their invoices on time is vital. Firms that do not successfully manage this aspect of their business quickly find themselves with cash flow issues. Even profitable firms can end up having to close simply because they do not have the cash they need to buy new materials or pay their workers. Unpaid invoices are the number one reason for firms going bankrupt.
Not managing accounts payable can also have a negative impact on how profitable a company is. Failing to have enough cash in the bank leads to missed business opportunities.
Most large corporations will only order from firms that can prove that they have the money to buy the materials needed to fulfil large orders. This means a company without enough funds behind them will likely struggle to take their business to the next level and secure large contracts.
Having a good bank balance allows firms to take advantage of special offers on materials, services and equipment. Any money your customers owe you is not available for your business to use.
As well as helping you to manage your customer invoices, we offer a range of other important accountancy services. Contact the Sollertia team today to find out more and start improving your firm’s cash flow and capital management.