Debt collection services in Kenya has picked momentum with the grow of the businesses. There are more transactions and business volume. As such, there tendency for a business not to be able to collect debts on time becomes a reality. This then leads to businesses seeking help to get their customers to pay.
Introduction to Debt Collection Services in Kenya at 12.5%
Well the business environment has many would be debt collectors. The first is the in-house Receivables Accountant. This is an accountant employed to specifically collect debts on behalf of the company. His work station is at the company premises. While this sounds workable, more often than not, he/she is not able to rake in the debts as and when required by the business. This leads to delay in paying suppliers and could even affect business performance.
This is where our valuable services come in handy. Whereas your receivables accountant may not move around to see customers, we can. We do it professionally so that we do not strain the business relationship. Unlike lawyers, we dot intimidate customers with legal consequences. This is because we believe all outstanding debts are as a result of disagreement or lack of follow-ups.
Procedure for Debt Collection Services in Kenya at 12.5%
When a client contact us,we schedule a meeting preferably at the clients office. This is because we get a chance to preview the debts and the available documentation. From there the contract is signed and files opened for each debt. The first step is to reconcile the accounts and establish how much can truly be collected. The reconciliations are done in Ms Excel and the clients gets a soft copy.
The next step is to visit the debtors with a letter from us detailing the debt and payment terms. This will be copied to the client and our legal representatives. The letter gives the debtor the liberty to settle the debt amicably. Any reconciliations are shared with the debtor and responses must be received within 7 days. The letters are emailed as scanned copies and also hand delivered. In extreme cases, we use registered mail.
Looking for Debt Collection Services in Kenya at 12.5%?
We are a team of qualified and registered CPA’s trading as www.acdigitalentreprenership.com located at Blessed House, Opposite Garden City Mall. With a combined experience of over 30 years in handling accounts receivables (Debtors) and accounts payable (Creditors), we know why debtors don’t pay and we will make them pay. If you need Debt Collection Services in Kenya at 12.5%, please contact us at 0722 281679. We will collect all your debts within the shortest time possible to improve your cash flow and profitability.