In the past 6 months over a quarter of UK companies have suffered financial loss due to the insolvency of a customer according to research by R3, the association of business recovery professionals. The figures are evidence of a domino effect, where one insolvency leads to others in suppliers. Implementing an effective credit policy with regular credit checking and skilled credit controllers can help protect a business from instances of bad debt. Outsourcing your credit control to Sterling gives you all of these things cost effectively whether you are a small business or large corporate, allowing you to focus on growth.
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