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Published byShon Morris Modified over 8 years ago
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Welcome to The Oriel Group
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Adrian Stalley Director of Collections Services
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Adrian’s Background Managing Director of Oriel Collections Ltd Dedicated debt recovery partner 12 years at Endsleigh in Cheltenham Credit Control / Collections Manager N Power and a Vodafone subsidiary Married with 2 children
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Who we are Specialists in outsourced financial services Collections Recruitment Support Contractor Payroll Accounting Have always been based in Cheltenham Established in 2000 Employ 100 people locally
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Solid foundation – Fast growth 35 employees in debt recovery and growing Member of the CSA and Debt Buyers & Sellers Group Two Key Service Areas: Collections Support for Live business Debt recovery for insolvency services
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Our Core Purpose “To positively impact the lives of the people and businesses that we work with by helping and supporting them in achieving and exceeding their commercial goals.”
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Credit squeeze Audit your internal systems Better housekeeping Improved processes Adopt good habits Long-term benefit Weigh up + and – Navel gazing
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Time 90% - credit control with the ‘bad boys’ 10% - your customers with potential
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Better Sales Ledger Management 10 tips on how to avoid being owed money
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1. Credit check your clients Would you lend a stranger a tenner?!
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2. Credit Insurance Policy Sleep easy
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3. Accurate Invoicing Wrong details delay your cash flow
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4. Swift Invoicing Do not delay
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5. Early telephone chasing Don’t be afraid to ask for YOUR money
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6. Early danger signs Late payment Failed promises Lack of contact
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7. Put clients on STOP! Follow-up action jeopardises their credit ratings
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8. Avoid going legal too soon Risk losing the client Costly
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9. Use a Debt Collection Agency promptly Get to the top of the list
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10. Choose a DCA that understands you Value your brand capital CSA / DBSG membership
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Reputation Pay on time yourselves – it’s your reputation at stake
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Any questions? Adrian.Stalley@orielgroup.co.uk Tel: 0845 226 1816 www.orielgroup.co.uk/collections
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