Make Cashflow Problems a Thing of the Past
Cashflow Problems
The state of a company's cashflow is one of the primary factors impacting on the financial health of a business.
Cashflow problems are created when there is a time lag between when you collect money from your customers and when you have to pay your suppliers. Cashflow problems can affect your whole business. In severe cases they can mean the difference between success and failure.
Managing and Improving Cashflow
Put simply, managing cashflow is about encouraging your customers to pay what they owe you as quickly as possible and delaying payment to your suppliers for as long as you can.
Managing and improving cashflow is at the heart of the services that OnStop offers to its members.
We enable our members to manage their cashflow problems effectively by helping them to secure payment from customers who owe them money, quickly and easily.
How Our Cashflow Management Programme Works
1. Encouraging Payment to Reduce Cashflow Problems
Members of OnStop can choose from a range of professionally written letters to send to customers who owe them money. These letters encourage them to settle any outstanding payment issues within ten days or face being registered by OnStop.
In our experience of managing cashflow, letters from third parties get a faster response than letters sent out by the company which is owed money.
In fact, 95% of companies that receive an OnStop letter pay within the ten day window, thereby improving our members cashflow.
Furthermore, OnStop's cashflow management process also helps members to retain customers after payment disputes have been resolved.
This is because unlike conventional ways of chasing payment (such as legal action) can adversely affect customer relationships.
OnStop encourages dialogue to resolve cashflow problems.
This means that customers are less likely to feel aggrieved and as a result continue doing business with our members long after the payment owed has been made.
Click Here: Start Improving your Cashflow Today by Joining OnStop
2. Preventative Measures to Prevent Cashflow Problems
OnStop has a database of slow paying companies that are cashflow risks, which is accessible free of charge to members.
Any member can search this database to see if a company that he or she is planning to do business with has been registered because it has not paid another member promptly.
This is a valuable source of information for managing cashflow. By searching the database, members can avoid cashflow problems by evaluating whether a potential new customer is likely to be slow in making payments based on other members experiences of them.
We offer our members up to the minute information to help them manage their cashflow, since our database is updated whenever a company is registered.
Click Here: Start Improving your Cashflow Today by Joining OnStop
Our national database of companies protects our members from cashflow problems caused by customers not paying them on time.
Cost of Joining the OnStop Cashflow Management Programme
We charge an annual membership fee of £49 + VAT and £4.95 + VAT for each OnStop registry entry.
Searches on the OnStop database are free.
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