For small and medium-sized enterprises (SMEs), maintaining healthy cash flow is crucial. Yet, one of the most persistent challenges they face is managing long-standing debt. The struggle to recover overdue payments not only hinders cash flow but also stifles business growth.
Identifying the challenges
The debt dilemma: Overdue payments lead to serious financial stress for SMEs. Disrupted cash flow, limited working capital, and the administrative burden of debt recovery are common issues. These challenges create a significant barrier to maintaining financial health and operational efficiency.
The impact on growth: Unresolved debts significantly affect business growth, leading to missed opportunities and the inability to scale operations. SMEs often find themselves in a cycle of financial strain, unable to invest in new ventures or expand their market presence due to the weight of unpaid invoices.
Introducing Paycada’s Enhanced Collection Service
Our key advantage: Paycada’s Enhanced Collection Service stands out because it is powered by our sister company Bluestone Credit Management, an FCA-regulated collection agency. This partnership ensures that your business’s debt recovery process is handled with the highest standards of professionalism and compliance.
Seamless integration with Xero: Paycada’s real-time Xero integration allows for instant and accurate data in your Xero account at all times.
Cost-effective recovery: You only pay for the results delivered based on a no-win, no-fee model up to 2.49% of the amount collected. This ensures that you can recover outstanding debts without incurring unnecessary costs.
Comprehensive collection methods: The Enhanced Collection Service includes a mix of communication methods such as emails, letters, and SMSs, all branded Bluestone Credit Management, as well as a telephone service by Bluestone's trained agents. This multi-channel approach allows for a higher success rate in debt recovery.
We’re here to support your business
Improved cash flow: Timely debt recovery rejuvenates an SME’s cash flow, enabling smoother operations and financial stability. With improved liquidity, businesses can meet their financial obligations and plan for future growth.
Focus on growth: Resolving outstanding debts allows business owners to focus on strategic initiatives rather than being bogged down by financial worries. This newfound freedom empowers SMEs to explore new markets, develop innovative products, and scale their operations.
Enhanced customer relationships: Professional debt recovery services help maintain positive customer relationships. By handling collections tactfully and respectfully, we ensure that your customers are treated fairly, preserving your brand’s reputation.
Don't let unpaid debts hold your business back. Sign up to access Paycada’s Enhanced Collection Service today or contact us for a demo to discover how we can support your business’s financial health and growth.
