Early intervention and action of overdue accounts is the most cost effective solution to reducing overall accounts receivable. The effectiveness of early intervention is shown in the high recovery ratio’s that can be achieved at the early stage of the collection process. It is also widely known throughout the credit industry by the range of commissions charged by collection agents based on the age of debt (4% @ 30 days overdue – 50% @ 365 days overdue).

Our solution:

Mercury collections are able to manage the credit control functions of small medium businesses. By outsourcing this function a business owner is able to rid themselves of what is sometimes viewed as an unpleasant task that interferes with ongoing customer relationships.

Our professional staff are able to make follow up inquiries for payment and negotiations in a clear, professional manner – all in your business name, so as not to potentially offend a customer with a debt collection demand when it is not warranted.

We are able to offer tailor made packages for your business that can consist of any or all of the following credit control functions.

• Designing of credit policies, application forms and terms of trade by a legal practitioner.
• Credit scoring, verifying trade credit applications and reporting.

Outsourcing of all credit control functions, invoicing, statements, reminder letters and phone calls.