Credebt

Credebt was established in 2009 and has developed into one of the leading providers of Receivables Risk Management services to Invoice Finance providers in the UK.

All our team members have at least 15 years’ Credit Management or Invoice Finance experience, which leads us to exceptional results for our clients.

Credebt has recovered over £1 billion on over 4,000 cases, representing all sizes, industries and scenarios.

These include Collect outs, Live Client Rehabilitation and take on challenges and covers the full lifecycle of a business.

93% of collect out cases have resulted the Funder being repaid in full.

This has led to Credebt evolving into a full life cycle Receivables Risk Management business.

Our range of services assist Funders in the following areas:

1. New business and switching providers

• Everything required to get Credit Approval regarding the ledger
• Improving Ledger profile and aging prior to take on
• Creating policies and procedures that meet the needs of an IF Facility
• Order to Cash review and improvements
• Providing ongoing support where needed

2. Challenges for live clients addressed

• DSO increasing
• Client asking for overpayments
• Credit Control not adequate
• Reconciliation issues

3. Distressed businesses that need cash generated fast

• Intensive Care Collections
• Order to cash improvements
• Query Resolution
• Staff review and recruitment

4. Fraud detection

• Full Debtor Collateral reviews
• Reconciling differences investigated
• Systems and process review
• Defining accidental from deliberate fraud and type of fraud
• Planning and improvements delivery including Exit Strategy

5. Contingency planning for potential insolvency

• Pre-Appointment Credit Control
• Ledger and Funds in use control and monitoring
• Debtor Collateral reviews to identify all issues with Estimated Outcome statement covering all scenarios

6. Collect outs

• Books and records secured at short notice from anywhere in UK
• Most collect out completed within 3-4 months
• Regular reports and updates
• Over 93% of IF Cases result in full funds in use plus fees recovered

Credebt loves supporting Invoice Finance providers and their clients with everything required to create a win/win situation for all stakeholders.

Please check out our Case Studies and Testimonials at www.credebt.co.uk.

www.credebt.co.uk