Don't Be A Banker To Your Clients: Credit Control Calculator Enables Companies To See The Cost Of Their Debts

Online, September 11, 2010 (Newswire.com) - The Cash Protection Agency Ltd has unveiled a credit control calculator that helps businesses see what their debts cost them. The calculator gives weight to the old phrase 'don't be a banker to your clients'.

On planning their new website, the staff of the cash protection agency Ltd realised that there were not many tools online that could help businesses assess their debt collection problems. "We speak to a lot of customers whose biggest problem is collecting debts. Alongside this problem business owners have a deep fear of upsetting their own customers even though these customers are not paying them for services rendered." Said Fiona Parker, managing director of the company.

The staff of the Cash Protection Agency Ltd presented this problem to their web designers, St James systems. By chance, the owner of the company had been reading The One Minute Entrepreneur by Ken Blanchard. In this book, a young businessmen is given Four Pillars of Success that are intended to help his and any business. One of these pillars is: collects your bills - don't be a banker to your clients. "This saying made me think how banks and credit card companies make vast amounts of money out of debt but the costs to small businesses of having clients owe them money are huge" said Sam Goddard, owner of St James systems. "Not only to businesses have the debt but they all so have a huge administrative overhead in collecting those debts. Furthermore, businesses have staff focusing on collecting money rather than providing the services that makes them money, they have bank charges and they have the huge opportunity cost of having that money tied up rather than it being available to help expand the business."

From this conversation was born the credit control calculator. For the first time, businesses can get an accurate picture of the size, scale and cost of their debts. In the light of this information, businesses are inclined to look less charitably upon these debts and to provide more focus in collecting them. As The Cash Protection Agency Ltd offers a discreet and professional credit control service whereby they arrange to collect debts on behalf of the company without alienating the company's clients or damaging important relationships the credit control calculator offers a win-win tool for businesses and The Cash Protection Agency Ltd.

For additional information, contact Samuel Goddard of St James Systems or visit www.cashprotectionagency.co.uk.