Our range of professional services includes (click a topic below to read more):
We've found that Sales ledgers can be hard to quantify with some appointments, not anymore. Credebt take care of it for us
Sales Ledger Audit
Credebt offers this valuable service to Insolvency Practitioners, Invoice Finance Companies, Banks, turnaround businesses and corporate clients that really need to know quickly how much of their Ledger can be turned into cash.
- As a result of many years experience working on sales ledgers ranging from £50k to £50 million we are confident in our ability to analyse any ledger and verify the quantum and likelihood of recovery from that ledger
- A wide range of industry experience means we are able to quickly analyse ledgers from all areas
- This makes it easier to ascertain whether the relevant supporting information will be to hand to assist the collection
The main benefits of this service are:
- Early identification of how much of the Sales Ledger can be turned into cash and how quickly
- You will know whether the amount written in the Statement of Affairs (in insolvency events only) is accurate or if creditors’ expectations need to be adjusted
- We will advise you whether the ledger should be outsourced or retained in-house for a short period to maximise recovery
- Stand-alone reporting or analysis prior to instruction can be offered
- Order-to-cash processes of business can be reviewed and improved where the business continues to trade
- We will ensure we have all the necessary back up and paperwork to maximise collection success, if available
- All of this has helped us to achieve a proven record in reducing write-offs and disputes.
Also
- This service is provided free of charge if the ledger is passed to us to collect
- Ledgers that we have audited either prior to, or on day of appointment, are far more likely to result in a higher rate and speed of recovery than those that are not.
