Initor Global Credit Control Services

Initor Global offers outsourced credit control services to UK businesses and firms, eliminating the hassles of credit management. Our credit control team will ensure your customers meet credit terms and help implement your policies guaranteeing prompt payment of your invoices.  Whether it is gathering information about customers to chase debts, automating tasks such as writing reminder letters, or making confidential credit control calls, we provide end-to-end credit control services.

Our services increase your cash flow and reducing your debtor days. We offer credit control systems designed for businesses and firms of all sizes in the UK to make it easy to improve your cash flow.

Credit Management Services

With extensive experience in supporting clients, our professional staff will ensure that your credit control gives the best possible outcome. Whether you’re looking for support related to credit control functions or want to outsource the credit control process, we provide a wide range of services. Our team will help avoid bad debts and optimise cash flow.

  • Credit check report
  • Pre-due date verification calls or emails confirming receipt of invoice
  • Determine expected payment dates and handle any disputes
  • Make credit control calls which are confidential
  • Draft emails and letters for due balances
  • Monitoring of lapsed verified payment dates with follow-up phone calls
  • Sending out statements of accounts
  • Escalation to nominated client contact for query and dispute resolution

Benefits of Outsourcing Credit Control to Initor Global

  • Increased Cash Collection: Our outsourced credit control service ensures regularcontact with customers to ensure timely payments.
  • Reduced Debtor Days: Significantly reduce debtor days, ultimately increasing ROI.Monthly performance reports showing improvement in debtor days.
  • Enhanced Customer Relationships: Credit controllers improve the chances of beingpaid on time, as well as upsell goods and services.
  • Dispute Resolution: Offshore credit control team tries to resolve customer queriesand disputes promptly, ensuring timely payments.
  • Invoices/Documentation: Seamless management and administration of invoice anddocument requests, reducing the burden on in-house staff.
  • Expert Credit Control Team: Our dedicated credit control professionals can augment and support your existing credit control team or function as a separate team for your business.

VAT Outsourcing for Accountants

Get expert advice and hands-on assistance from Initor’s team of VAT specialists. We will collaborate with you to efficiently prepare your VAT returns. We will identify and manage your obligations, risks, and opportunities appropriately.

  • VAT Registration & VAT Deregistration
  • VAT Returns
  • VAT health checks
  • VAT planning
  • Dealing with HMRC enquiries

Making Tax Digital

HMRC Making Tax Digital (MTD) initiative is moving towards its goals of making UK tax system digital and will continue regardless of Brexit. The first area where MTD has a profound impact is VAT. Since April 2019, VAT registered businesses with an annual turnover above the VAT threshold (£85,000) have to use MTD to meet their VAT obligations.

Initor Global will help accounting firms and clients comply with MTD guidelines. Our team will ensure your software is compatible with MTD to submit VAT returns on spreadsheets using ‘bridging software’ to bridge the gap between Excel and HMRC’s system. We will help you modernise your accounting practice to make you MTD compatible.

Making Tax Digital for Business & Accountants

  • Setting up a digital tax account
  • Filing quarterly returns online
  • Using an accounting system or app integrated with HMRC digital initiative
  • Making Tax Digital Consultation
 

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Over 14+ years of experience we’ll ensure you get the best guidance

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