Debt Collection for Logistics Companies
Debt Collection for Logistics Companies
The logistics industry in the UK is one of the most vital sectors. As recent events have proven, if there are issues with logistics and transportation, a lot of problems can follow.
As with any other industry, logistics companies have their fair share of problems with non-paying clients. This can add to an already long list of issues faced, such as fuel costs, driver shortages and unexpected maintenance expenses.
For many logistics companies, both small and large in size, payments withheld at the wrong time can spell disaster.
One of the biggest challenges faced by logistic company owners is unpaid fees. With this in mind, there is a growing need for an effective debt collection solution. Frontline Collections has helped thousands of small businesses recover millions of pounds worth of unpaid fees.
Recovering Outstanding Debt for Logistics Companies
As mentioned, if anything interrupts the cash flow of a logistics company, it can cause a lot of problems. Acting to recover a debt as soon as possible is vital, as delays may complicate the matter.
Many small to medium organisations have in-house teams that can be tasked with recovering a debt. This is normally the accounts receivable department, and they will spend time making phone calls and sending emails to the debtor.
Despite successes in some areas, this is often more of a cost than a benefit. Those tasked with the collection process have very little leverage over the debtor. This is especially true if the logistics service has already been carried out.
This creates a situation where time and money is being spent on chasing a debt, with a lower chance of success. As well as this, it means that those tasked with its recovery are not performing their normal tasks. These tasks are vital, as they help to grow the company.
In most cases, it is more beneficial to instruct a professional debt recovery solution as soon as possible. This way, they can perform the collection service, and you can concentrate on growing your business.
Professional Debt Collection Solutions
A professional debt collection company is the best choice for recovering owed money. For the transport and logistics sector, it is important to find a debt collector with knowledge and expertise in your industry.
You should also take into account the abilities and expertise an agency has. For example, most UK based logistics companies operate on a global scale, with many clients in foreign nations. Frontline Collections can provide international debt collection services, recovering debts from those overseas.
Regarding debt collection for logistics companies, a robust and proven solution is required. However, simply recovering the debt is not the only goal. Ensuring that the matter is resolved in a civil and ethical manner is key to continued success.
For example, a debt collection agency like Frontline Collections will take a pragmatic and thoughtful approach to collect debts. Resolving each case amicably is the best outcome for all involved. It means that the logistics company in question will be able to benefit from the revenue of a strengthened business relationship.
Unlike alternatives such as litigation, a debt collection agency will provide a swift and cost effective solution.
Debt Collection for Logistics Companies – Instructing Frontline Collections
Is your logistics company having trouble with non-paying clients? Are you having difficulty recovering unpaid invoices? If so, speaking to Frontline Collections is the best solution.
Our friendly debt collection experts can help to recover your debt. Regardless of the case, we can help clients in any industry collect their debts.
We provide the lowest commission rates in the UK, as well as a fully comprehensive and accredited service. We are recognised as one of the leading agencies in the UK. For example, we have won awards such as the ISA’s “Gold Preferred Supplier’ accreditation.
Speak to our debt collection experts today for a complimentary pre-action assessment.