Sovereign the Power of Preparation
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This document discusses the importance of preparation for businesses. It emphasizes doing groundwork, choosing professionals for assistance, and preparing financial records to future proof a business and ensure its long term success and sustainability. Co-sourcing is presented as a way for businesses to get help with preparation through outsourcing certain tasks.
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Sovereign the Power of Preparation
- 1. Co-Sourcing THE POWER OF PREPARATION
- 2. Co-Sourcing FUTURE PROOF YOUR BUSINESS
- 5. Co-Sourcing GOING THE DISTANCE
- 6. EVERYONE NEEDS A HELPING HAND
- 7. Co-Sourcing LINE UP YOUR LEDGERS
- 8. Co-Sourcing THE GOLD STANDARD
- 9. Co-Sourcing THE POWER OF PREPARATION
Notas del editor
- Good Morning I’m Sarah Hatswell, Managing Director of Sovereign Credit Management. Established for over 20 years, Sovereign is now widely regarded as the leading credit management agency in the UK. We strive for excellence in all aspects of our business, with a clear focus on delivering measurable improvements in the credit management functions of our clients.
- In this challenging market, more and more of our clients such as BT, Thomson Directories, Nine Telecom and Reed Elsevier are accelerating their credit management performance by introducing more advanced and greatly accelerated Sales Ledger Management, Debt Recovery, Debtor Verification and other specialist services. Effectively future proofing our clients’ business success.
- Particularly in high volume, low margin businesses, overdue accounts and bad debts will have a significant impact on your performance - potentially hampering growth and deflecting management time away from revenue generative activities. This is where Sovereign Credit Management comes in. Painstaking groundwork is the most important part of the credit management process. Whether it is preparing a golf course or your ledger landscape, the vital issue at your level, is to get rid of all the bumps and clumps that get in the way of you playing your perfect game.
- Sovereign is the professionals’ choice. Fast-track verification is extremely powerful, either when managing cash flow, buying a business or acquiring a ledger. In a recent case study, whilst various credit management companies quoted several weeks to complete a specific debtor verification project, Sovereign delivered the assignment in a matter of days, with absolutely no compromise on quality.
- We go the extra mile for our clients. From robust processes to sensitivity towards preserving customer relationships, our cost-effective telephone verification service is second to none. You will gain immediate benefit from our team's extensive credit knowledge and wealth of debtor verification experience. And here are some numbers that really matter to our clients: Total Debt Managed since inception – £280m, Total Debt Collected– £114m, Number of Accounts listed– more than 355,000.
- You may have noticed that your customers are changing. Even ‘good’ payers have become slow payers. Customers who would typically pay on time are extending their payment terms. And default often comes from the least expected sources. As a result, the ‘tried and tested’ approaches to debt recovery no longer produce the results you need. That’s why even the most successful businesses need a helping hand. Let Sovereign become your unfair competitive advantage.
- As an exclusive offer, for this meeting only, we are pleased to offer you a no-obligation collectability forecast. All you have to do is simply supply the ledger details electronically to us and we will verify the debt on a fast-track basis, providing you with a collectability forecast stating the predicted realisations with a real clarity. Today’s preparation determines tomorrow's achievement.
- At Sovereign Credit Management, we are committed to setting and maintaining the gold standard in credit management for the commercial advantage of our clients. We would like to invite you to take advantage of our exclusive offer as well as a one to one meeting where we can discuss ways in which we may be able to help you become even more effective. You have nothing to lose – other than your outstanding debts!