Direct Debit Debt Solution

Solutions for managing Direct Debit debtors
The challenge, insurance sector:

 

'We have over £3m pounds worth of DD debtors in the business that should not be there. We think they are stuck inside the systems but we don't know why. We need to resolve these issues and stop these situations from happening again. Please can you help?'

The solution:

We spent 6 months working through this challenge with the customer, analysing each problem and identifying potential solutions. We created reusable tools that allowed portions of the debt to be either successfully collected, chased, reversed or written off. We also found and resolved all of the reasons for the original problems, and helped them put a process in place to stop any future issues, including an automatic chase and cancellation process. The DD debt returned to normal and their Financial Services Director was "absolutely delighted and relieved" by the results!

 

Direct Debit Debt Solution

 

For more details of our service in this area read Direct Debit Processing Solutions.

Here are some examples of recently completed Eximium Challenges:

• Purchase Order Efficiency - The Challenge: 'My electronic invoicing and PO process just doesn't deliver the efficiency improvements I was expecting....' more

• Systems Improvements - The Challenge: 'We are growing and our systems just aren't growing with us. We've struggled to get it working the way we want...' more

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• Net Margin Calculation - The Challenge: 'We have a process to calculate net margin that takes one of our finance analysts 19 days out of every month. We've tried 3 times over the...' more

• Direct Debit Debt Solution - The Challenge: 'We have over £3m worth of DD debtors in the business that shouldn't be there. We think they're stuck ....' more

  • Transform Your Business!

  • For further information call us on:

  • 01582 439720

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    * Mandatory Information

     

    Eximium Challenge Rules:

    1. We may need more information from you before we can commit to go ahead with your challenge.

    2. We reserve the right not to take your challenge on, if we really don’t think we can help.

    3. We may need to charge you for some of the work but we would refund all those monies, if you decide that we have not improved the situation for you.

    4. If you opt for the refund option, we will remove anything we have done, and ask you to return any documentation. Of course, we will ensure that your systems and processes are returned to their original state.

    5. Because our Corporate Social Responsibility policy would be compromised, we are unable to work with certain types and styles of organisation.