System & Process Reviews

A service specialising in U.K. & overseas debt recovery for sole traders,firms,companies,and insolvency practitioners on a results only basis.

System & Process Reviews

Review - Systems

Accessing the customers accounting system either by using their existing remote access, using our own remote access systems or by visiting site to personally gather the information required. Provide advice on whether the systems are fit for purpose for that business and the sector it is in.

Review - Key Controls

  • Sales order processing - credit approval.
  • Terms of trade - acknowledgement.
  • Proof of delivery - customer confirmation.
  • Reservation of title - identifiable goods.
  • Invoice acceptance - client’s satisfaction.
  • Customer communication.
  • Credit control.

Review - Processes

  • Analyse company's existing processes and customer communications.
  • Provide feedback on effectiveness of existing processes and recommendations on improvements.

Monitoring

  • Monitoring systems and processes with key controls on an on-going basis and reporting back to client as required.
  • Checking daily cashbooks and matching with orders, invoices and pod’s.
  • Monitoring credit limits and payment history to help limit company exposure and bring the debt turn down.
  • Ultimately improve cashflow.

Review & Monitoring - Fees

  • Ledger review and audit with debtor verification – time based charging £1500-£5000.
  • Key controls, systems and processes reviews – time based charging £1000-£4000.
  • Monitoring provided on a fixed monthly fee based on number of invoices and systems.