Draycir News

Small business succeeds in getting paid faster

Custom Electronic Fire and Security (CEFS) Ltd recently started using Credit Hound Express as part of their Sage 50c Accounting Software package. Accounts Manager, Donna Freeman was delighted to start seeing the benefits of the advanced credit control module immediately.

“As soon as Credit Hound was set up, we received £2,000 of payments in the first 2 hours alone and in just a week it has brought in £8,000. It used to take 6-12 hours every week to chase late payments, but with emails automatically sent by Credit Hound it now only takes around 5 minutes a day. I now have a much better response to chasing emails; resulting in getting paid faster or highlighting the reasons for non-payment which I can work on to resolve.”

With a faster chasing cycle, CEFS Ltd are working to reduce their debtor days from 60-90 days to below 60 days and significantly improve the cash flow coming into the business.

In her busy role at CEFS Ltd, Donna can now work proactively at keeping late payments under control and bringing payments in much faster, whilst having more time to spend on other important tasks. Donna is thrilled with the results achieved so far, “We’re not the biggest company but I can already see how Credit Hound Express can hugely help us now and in the future. Thank you!"

Credit Hound Express is available for Sage 50c. Find out more

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