C2It – Backgrounder
C2It Commercial Collections helps SMEs optimise invoice collection, debt recovery and manage their cash flow. At the centre of the business is C2It’s bespoke software, which enables every client to enjoy a tailored, sustainable and holistic service.
With an estimated £31 billion due to UK SMEs in outstanding debt, C2It was formed to give business owners a formal structure for invoice collection and debt recovery. While leaving clients free to develop their businesses, C2It’s services also place them on the best possible footing should they seek funding, credit or other financial services.
Services ConsultationThrough an initial consultation, C2It will assess the effectiveness of every client’s existing processes and systems. This extends to the optimisation of job roles with the aim of supporting accounting and cash-flow objectives. From here, C2It prepares a bespoke framework to support the stability and growth of the business.
Terms of Business C2It ensures terms of business are legally enforceable, yet fully aligned to the client’s commercial objectives. For clients without formal terms of business, C2It will provide the assistance needed to produce a document appropriate to their industry sector. Once in place, quality procedures keep the terms of business fully up-to-date.
Invoice Management Through monthly contact, C2It gives clients relevant advice and advance warning of potential late payments. Experienced with all major accounting systems, such as Opera, Sage, Xero and IRIS.
C2It make contact with clients when invoices become overdue and refer critically late payers to the debt service.
Debt Recovery SupportTracing services help determine the situation of debtors and the likelihood of success when pursuing aged debt. Working with its legal partner, Heights Legal Ltd, C2It advises on the most effective course of action for bad debt and implements agreed recovery plans.
C2It Commercial Collections, a new business which helps SMEs optimise invoice collection, debt recovery and cash flow, launches on Thursday this week at the Elite Business National Conference and Exhibition in London.
C2It’s bespoke software enables clients to enjoy a tailored, sustainable and holistic service.
With an estimated £31 billion due to UK SMEs in outstanding debt, C2It offers business owners a formal structure for invoice collection and debt recovery. This will free up time for clients to develop their businesses and put them on the best possible footing to seek funding,