Systems Review

It’s important that private equity companies are confident the businesses they are investing in have robust systems in place and that any potential shortcomings are known.

Nowhere is this more true than the company’s order-to-collections process which, in today’s climate where late payment is so rife, can make or break businesses of any size.

Our expert team can review the receivables functions of businesses you have already invested in, or prospective clients you are thinking about, to give you a clear picture of their strength and performance.

With this information, we are then able to recommend improvements, recover aged balances and even remove barriers to your client securing additional funding against the value of their sales ledger.

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Focused reviews

By analysing the entire order-to-collections process, including invoicing, pre-due date credit control activity and processes once invoices exceed agreed terms, we will be able to make a number of recommendations to strengthen their position and minimise your risk as an investor:

Make improvements
It’s never been so important that businesses are doing all they can to reduce the threat of late payment and bad debt. We’ll assess their credit control procedures and identify any elements that are missing or could be improved, from their invoicing design and processes to the collections strategies deployed.

Recover aged balances
Overdue debt can have a major impact on the rest of the ledger, taking valuable resource away from newer invoices. Our sister company, Hilton-Baird Collection Services, is an experienced debt collection agency that excels at recovering aged balances, and can additionally provide a fully outsourced and confidential credit control service.

Improve access to funding
Whether a business could benefit from or is already using asset based finance, by strengthening their credit control function we will make your client more attractive to lenders and potentially reduce restrictions on existing facilities.

Training
It may be that we identify areas where the team could do with additional training. We will evaluate the skills required and suggest beneficial training courses to help them improve.