Receivables Management

Not every business wants to wait until an account is badly overdue before acting. Receivables management is an ongoing service in which Merion works alongside your finance team, handling reminders and follow-up on your ageing accounts so that receivables stay young and cash flow stays predictable.

An extension of your finance team

Where commercial debt recovery resolves a single problem account, receivables management is about preventing accounts from becoming problems at all. We take on the routine, time-consuming follow-up that finance teams rarely have capacity to do consistently — and consistency is exactly what keeps a ledger healthy.

What it covers

• scheduled reminders before and after invoice due dates;
• early, courteous follow-up on accounts that begin to age;
• a clear, agreed escalation point at which an account moves into formal recovery;
• regular reporting on the state of your receivables.

Who it suits

Receivables management works well for businesses that invoice regularly, carry a meaningful book of open accounts, and would rather their own people focus on running the business than chasing payment. It suits trades and construction firms, wholesalers, professional practices and service businesses particularly well.