In the current economic environment cash flow is critical to all businesses, but in particular to SMEs. At the same time SME's do not always have the time and necessary resources to fully manage their debt portfolio's with the resulting negative impact on their cashflow.
Everyday Debt Management Group provides a comprehensive range of solutions for SMEs from early stage debt collection through to litigation and subsequent enforcement. Our SME solution includes:
Review and Advise
Review and advise on an SMEs current debt management set-up including resources, strategies and systems.
Early Arrears Collections
Provide early arrears collections solution to SMEs who do not have the necessary resources to effectively manage their debtor portfolios. Everyday will manage the debtors ledger on behalf of the company including issuing letters and undertaking follow-up phone calls to debtors supported by comprehensive monthly reports.
Pre-Legal Debt Recovery
Our pre-legal solution is an effective alternative or additional step before going legal on a debt and is on a no collection:no fee basis. This is a full outsource solution with Everyday taking over all aspects of the debt recovery including issuing and following letters of demand, arranging and managing the remittances of monies and face-to-face contact with the debtor as appropriate.
Litigation
Everyday's approach to litigation is different to the normal approach of a solicitor as we combine combine debt recovery with the legal process resulting a higher recovery rate while on a low-cost basis. This service can be taken on a standalone basis or as a follow-on to our pre-legal debt recovery solution.
Other Services
Everyday through its partners offers a range of other solutions including:
Debtor Tracing
Securing and recovering assets
International debt collections
Standalone field agent collection calls
Please contact us at info@debtrecovery.ie or +353 (01) 4004230 for further information.
