Credit-control and recovering debts can be complex, time-consuming, and expensive and companies of all sizes often look to outsource these processes to an external provider. Outsourced credit-control and debt collection enables a business to leverage a specialist agency’s wealth of expertise and resources. It can improve the efficiency and effectiveness of collections, reduce costs, and…
6 strategies credit professionals can implement to secure their cash collection in 2023 Credit professionals are not unused to overcoming challenges. An often-overlooked back-office function, lack of resource and investment can make delivering targets a daily battle. However, in 2023 what was already a hill has become a mountain. With economic insecurity driving an increased…
Business insolvencies hit a 13 year high in 2022 as government support measures which protected and supported businesses during the pandemic ended. According to official data the total number of company insolvencies registered in England and Wales reached 22,109 – the highest since the financial crash of 2009. Creditor’s voluntary liquidations were at their highest…
Barratt Smith Brown are excited to announce a new partnership with Inter Credit Group. The new reciprocal agreement will enable our clients to access high quality debt recovery solutions within China. In return Barratt Smith Brown will service all UK debt recovery for Inter Credit Group’s client base. Based in Qingdao, in Shandong, @Inter Credit…
