OptimaRM Case Studies


Professional trade body Cheshire Service Provided Managed outsourcing, on a disclosed basis, from 45 day overdue invoice date through to cash collection. Challenge Despite an in-house team of credit controllers, company was experiencing late payment from its members. read the solution and impact
Internet services provider Ireland Service Provided Managed outsourcing, on a non-disclosed basis, from issue of customer invoice issue through to cash collection. Challenge Company was looking to transfer activity to a shared service centre in Ireland and needed short term workload support whilst it created the service centre. read the solution and impact
Software company based in Cheshire. Service Provided Managed outsourcing, on a non-disclosed basis, from issue of customer invoice issue through to cash collection. Challenge Company was expanding rapidly in overseas markets but these markets individually were not large enough to justify individual dedicated language speakers. Company had tried to expand using English language only but soon realised that supporting their sales teams in local language gave competitive advantage, and was seeking a long term partner to achieve this goal. read the solution and impact
Chemicals company Yorkshire Service Provided Consultancy Challenge Company was evaluating options to establish a pan-European credit department in the UK. Specifically looking into how they would we go about this and what issues they would need to look out for. read the solution and impact
Childcare services provider Cheshire Service Provided Training/Consultancy Challenge Company was looking to improve their cash collection process. The company found that in the current climate increased pressure on cash collection performance was impacting cash flow. Since its inception in 2001 little or no collection activity was carried out as it wasn’t deemed essential and there was a certain amount of discomfort with the activities involved. read the solution and impact

Professional trade body Cheshire

Service Provided Managed outsourcing, on a disclosed basis, from 45 day overdue invoice date through to cash collection.

Challenge Despite an in-house team of credit controllers, company was experiencing late payment from its members.

read the solution and impact

Internet services provider Ireland

Service Provided Managed outsourcing, on a non-disclosed basis, from issue of customer invoice issue through to cash collection.

Challenge Company was looking to transfer activity to a shared service centre in Ireland and needed short term workload support whilst it created the service centre.

read the solution and impact

Software company based in Cheshire.

Service Provided Managed outsourcing, on a non-disclosed basis, from issue of customer invoice issue through to cash collection.

Challenge Company was expanding rapidly in overseas markets but these markets individually were not large enough to justify individual dedicated language speakers. Company had tried to expand using English language only but soon realised that supporting their sales teams in local language gave competitive advantage, and was seeking a long term partner to achieve this goal.

read the solution and impact

Chemicals company Yorkshire

Service Provided Consultancy

Challenge Company was evaluating options to establish a pan-European credit department in the UK. Specifically looking into how they would we go about this and what issues they would need to look out for.

read the solution and impact

Childcare services provider Cheshire

Service Provided Training/Consultancy

Challenge Company was looking to improve their cash collection process. The company found that in the current climate increased pressure on cash collection performance was impacting cash flow. Since its inception in 2001 little or no collection activity was carried out as it wasn’t deemed essential and there was a certain amount of discomfort with the activities involved.

read the solution and impact

News

Companies face cash squeeze as late payment of bills grows - Companies are suffering a cash squeeze from delayed invoice payments as the credit crunch begins to hit the “real” economy. Smaller businesses are complaining that some large customers have begun to extend their payment periods arbitrarily, putting a strain on their cashflows.
read more

The Times, April 14 2008

Full Audits in Decline - There has been a sharp decline in the number of companies filing audited accounts at Companies House following government legislation aimed at promoting business. Research found that only 13% of 2006 accounts filed were fully audited.

CCR Magazine, Jan 2008

A Trade Indemnity survey reported that in 1998 only 2% of UK trade invoices were paid on time and evidence suggested that payment periods continued to lengthen: over half of UK small and medium enterprises claimed that payment times worsened despite improved economic performance and only 12% of SME's receive payment within 30 days.

CM Journal, Dec 2007