With the COVID-19 pandemic still in full swing and new customers thin on the horizon, the need for professional trades to ensure cashflow is flowing is more important than ever.
For so many electricians and installers with commercial customers that they offer credit to, unpaid invoices that were due pre-pandemic will now be sitting in the overdue debt box. But with many commercial customers shutting shop and some falling into financial difficulties too, securing payments is likely to prove challenging and time consuming.
This puts many electricians and installers with commercial customers in a tricky position. How to get debts paid without alienating a good customerβ¦
An email chase service has been launched by Direct Route Collections one of the UKβs most respected and effective business to business debt recovery specialists. It is helping thousands of professional tradespeople and it is free with no hidden catches. The aim is to help you retain your commercial customer and boost cashflow.
The entire process is automated taking just minutes to complete.
There is a one off Β£1 registration fee which goes straight to the NHS frontline appeal. You can then place as many debts as you like at any time. A few or dozens from Β£100 with no upward limit.
This short video explains how it works and why it is so effectiveβ¦
Debts can be placed immediately at:
https://www.directroute.co.uk/covid19support
If you would rather talk to a member of the team
smellor@directroute.co.uk, 01274 223190
Speaking of the reaction from businesses to this initiative, Michael Collins, Managing Director of Direct Route Collections said: βProfessional trades need all the help they can get. They cannot rely on the government alone for financial assistance which is why securing payment of debt is crucial. The good news is that the first 600 hundred email chases have resulted inΒ 90% of the businesses using this service receiving positive responses of immediate payments, payment promises and instalment plan offers – from genuine customers that perhaps for the first time ever find themselves with an unforeseen cashflow difficulty that has been forced upon them. SMEs need champions in their corner, and it was my intention when launching this service to provide easy to access and effective support with no strings attached.β
Success stories from businesses using this service include:
βI was made aware of Direct Routeβs free 7- day chase reminder service through my trade association and felt it was worth trying as I had exhausted all internal options to recover the debt. Within a few hours of submission my customer used the system to flag a partial dispute which I was able to resolve, and full payment was received. Free, easy to use and successful, what more can I say!β JS
βThanks for providing an excellent service via the Direct Route website. Our silent customer paid in full within 3 days without the need for further action. The process was simple and delivered the results.β DC
