Debt Register: Enabling you to get credit for increasing profits
Debt Register is an award-winning cash recovery SAAS solution developed with both FTSE100 and Fortune 500 companies with the objective of collecting overdue cash faster, more efficiently and at a lower cost.
By Leveraging automation and AI, overdue debts once uploaded are autonomously chased and paid with minimal capital cost.
Simply upload overdue invoices with all the debtors’ details and the system does the rest. Multilingual automated emails inform the debtor that any non-payments will be reported to the credit reference agencies – notably D&B and Experian – which ultimately impacts their own credit rating, creating leverage and driving payments.
Debt Register is typically live within an hour. Deployed prior to 3rd party escalation with just one simple addition to their processes, Debt Register is saving many of our clients hundreds of thousands of pounds a year.
The facts speak for themselves. Last year, our clients uploaded debts averaging 143 days overdue and for every £1 million of debt engaged, Debt Register recovered £824,000, paid directly into our clients’ bank. More than 60% of the payments received were made within seven days. We also have a 100% client renewal rate.
Debt Register is particularly useful in automating the collections of low balance, high volume accounts, accounts that can often be written off because they are not worth the time or cost in pursuing. The smallest debt so far collected is £6.34; the largest $5.4 million!
Increasing capacity, efficiency and morale
The cloud-based platform is also proven to improve team morale which in turn improves collections performance. Customers report that Debt Register increases their team’s capacity by as much as 25%, freeing them to add value elsewhere in the business.
A constantly evolving system, Debt Register is fully scalable and is actively used by both on- and off-shore collections teams. The system is intelligent to recognise different time zones, working days and cultural nuances including national holidays or religious festivals, and times the dispatch of any communications accordingly. Unrestricted by international jurisdiction, Debt Register drives payments autonomously from any country, and billed in any currency. Debt Register has autonomously collected debts from over 111 different countries.
If some of your 2024 objectives are to collect overdue cash faster, more efficiently and at a lower cost, we would be delighted to provide you with a 30-minute demonstration as to why Debt Register is trusted by some of the world’s leading organisations and why they’re getting credit for increasing profits.
BlackLine - Invoice to Cash
Optimize your invoice-to-cash cycle performance, create team capacity, and gain critical decision intelligence to drive value. BlackLine helps our customers reduce or eliminate manual tasks, allowing teams to focus on actions that drive results, and strengthen decision intelligence to deliver significant value to the organization.
Cash ApplicationSpeed up your cash application process using automation to instantly match customer payments to invoices and reduce unapplied cash by up to 99%.
AR IntelligenceUnlock decision intelligence by removing time-consuming and error-prone processes involved in preparing, transforming, and visualizing data.
Invoicing & ComplianceAutomate invoice processing to reduce manual invoicing costs, maintain compliance with e-invoicing regulations, and increase efficiency across your invoice-to-pay process.
Collections ManagementUnderstand which collection strategies work across your customer base with automated, escalating recovery sequences to reach customers at the right time and place.
Credit & Risk ManagementCreate and operate risk policies and access real-time risk profiling and analysis to understand trends in customer behaviors.
Team & Task ManagementFocus on what matters most by monitoring critical actions against your volume of work and allocate resources to managing risk and collecting cash.
Disputes & Deductions ManagementAccelerate dispute resolution with automated workflows to maintain customer relationships.
Proven Results. Real ROI.
Since the introduction of the Taking Control of Goods Regulations in 2014, Court Enforcement Services has recovered over £200,000,000.00 on behalf of our Clients and Claimants, enforcing over 150,000 Writs of Control.
We provide a wide range of legal, debt recovery and credit professionals, with a fast and free administration service to transfer up unpaid money judgments to the High Court for enforcement.
Our service is built on trust and dedication to professionalism, whilst maintaining a client-focused vision of maximising a result on every instruction received. We pride ourselves on being approachable and assign a dedicated Account Manager to every new client into the business. This is why we’re recognised for our unparalleled commitment to client care, focusing on what you require from a provider from the outset and tailoring our enforcement solutions to fit your needs.
We fully understand the challenging nature and issues with collecting judgment debt. Our fast and efficient operating model has been shaped to ensure our clients receive the best possible results, utilising bespoke processes and showcasing a depth of legal knowledge.
At Hays, we invest in lifelong partnerships that empower people and organisations to succeed. With over 50 years’ success under our belts and a workforce of 10,000+ people across 33 countries, we have the scale and experience to help our customers succeed.
We have a key national specialist division in the UK dedicated exclusively to the recruitment of credit control and accounts receivables professionals, at all levels across the public and private sectors. Our expert consultants leverage a deep understanding of the industry, with some having backgrounds as credit controllers and many serving on various local Chartered Institute of Credit Management (CICM) branch committees.
With Hays, you can benefit from:
• Experienced consultants with credit control market knowledge • Access to a national database featuring candidates at all levels with specific credit control experience • Annual bespoke credit control and receivables salary and benefits advice for you and your team, as well as access to thought leadership and reports on topics affecting the world of work• Organised events, seminars, and conferences on credit control trends, on a UK and local level • Exclusive discounts on CICM training for Hays customers• Resources dedicated to your credit control needs
Having extensive recruitment expertise within the credit control market not only means we are able to offer you the best suited candidates, but also form a lifelong partnership fulfilling all your workforce needs.
Learn more: https://www.hays.co.uk/jobs/accountancy-finance/credit-control
Established in 2015, My DSO Manager stands as a pioneering intelligent SaaS AR and credit management solution serving over 1500 enterprises across 85 countries globally. Our platform empowers AR analysts to facilitate risk management, optimize cash collection, and streamline the credit-to-cash cycle by providing real-time insights into KPIs and unlimited accessibility for stakeholders, whether they're internal or external.
At our core lies a commitment to 'credit managers' digital empowerment' underscoring our mission.
What sets us apart is the synergy between our proficient in-house IT teams and their close collaborative efforts with seasoned support staff, many of whom were former credit managers at leading firms. This synergy enables us to swiftly integrate with any ERP system and data format while ensuring rapid customization to cater to the unique needs of each client.
Quadient AR by YayPay is an intelligent accounts receivable platform that automates the entire AR process, from credit to cash application, reducing manual work and saving time, helping collection teams see a 3x increase in productivity and strong ROI.
Intuitive by design, Quadient AR empowers AR teams to quickly run credit checks and create custom collection workflows, driven by machine learning-powered customer scores. Quadient’s AR innate usability extends to the integrated portal that buyers love to use.
Quadient AR integrates with accounting, ERP, billing, and CRM applications for improved transparency, ensuring customer and payment information is accurate for your AR teams, giving you the freedom to focus on what really matters for your business: lower DSO and stronger customer relationships.