CCR2 Business continuity
areas (including BCPs) as well as also offering services in the Accounts Payable Space. One of the things that is key to everyone
right now is cash. It is a tough message to deliver, but this can often mean the difference between a business surviving or not. To stay afloat and get some headroom
with working capital, it is important to make sure every bit of cash due to you is maximised and sitting in your bank account. When I said Paladin had adapted – we
still offer a suite of debt collection services. In fact, Paladin has collected in excess of £1bn globally for its clients. A number that we are very proud of. We have done this by working in a
variety of open and transparent ways – whether by a white labelled extension for our customers, or an identified third party – we always find the best way to maximise your cash.
Consultancy However, now we are proud to offer a consultancy service to our clients – giving a
June 2020
We became aware that a lot of suppliers were sitting on credit balances belonging to their customers. Paladin developed a method to search out these credits and recover them. In fact, using this service netted one client an extra £500,000 that they had no idea about!
free initial review of your Order-to-Cash or Collection processes. Quite often, even the smallest change
can result in more cash. Bolting on a debt collection agency like Paladin and using government tools like late payment legislation (if you want to), the collections we make can even be free! In the theme of adapting we wanted to do so much more than be just a debt collection
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company. Along with our consultancy service, late last year we introduced a new service in the Accounts Payable space – our Procure- to-Pay Recovery service. We became aware that a lot of suppliers
were sitting on credit balances belonging to their customers. Paladin developed a method to search
out these credits and recover them. In fact, using this service netted one
client an extra £500,000 that they had no idea about! Continuing in the Accounts Payable
space, we also started an aged GRIR/GRNI service to help reconcile those older items just sitting on balance sheets – this service again allowed one particular customer to release £1m back to their P&L. All of this extra cash is so key at times
like these when companies are struggling. I am delighted that we have been able to help so many of our clients in a totally unique way, in a totally unique time. If you find your business needs our
help, contact us for more information. You may be surprised in the ways we can help. CCR2
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