Outsourcing
Ever thought of outsourcing? Outsource your accounts receivable management to a specialised partner with fewer write-offs as a result. The aim is to reduce the number of days invoices are outstanding (DSO), giving you more working capital. This will result in lower financing costs and a possible reduction in your credit insurance premium.
See outsourcing as a strategic move to improve your working capital. It not only offers immediate financial benefits such as lower financing costs and a possible reduction in your credit insurance premium. But also long-term benefits, such as more focus on your core business activities and better risk management.
The benefits of outsourcing debtor management
- Debtors are approached consistently, this ensures the introduction of a clear structure
- Fewer write-downs
- Reduction in Days Sales Outstanding (DSO); number of days an invoice is outstanding on average
- Professionalising your business
- Improving and broadening your working capital
- A better risk profile with your bank that could potentially result in lower financing costs
- Possible reduction of your credit insurance premium