Salitix were handed a six-figure aged debt problem relating to Europe’s largest discounting business, including Italy, Greece and a number of other countries which our client had been unable to recover and no longer had time to chase.
Over a 6-month period Salitix methodically worked through the debtor list, compiling evidence, identifying contacts, contact details and then chasing them on a weekly basis, escalating where necessary in order to recover the outstanding monies.
In what was an arduous and time consuming process, that for many suppliers will have a cost benefit cut-off point, our team was able to recover more than 75% of the outstanding value and get this repaid to the UK business.
It was an excellent example of how we strategically partner with our customers and can work successfully behind finance/accounts payable teams to support and resolve the hardest, most stubborn debt problems that arise during normal trading.
