One of Europe’s Largest Discounters

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.

Useful links:

If you think Salitix sounds like a business that your skills and interest would be a good fit with, then send us your CV and any ideas about what you could bring to the business to the following address [email protected]

SAL-deliver

We deliver...

  • Reduced exposure to GFR audit claims
  • We identify claims in your favour that were previously not identified and get them paid to you
  • We protect your commercial relationships by keeping audit claims separate from it
  • Provide insights into best practice
  • Reduce the time and resources otherwise required to manage audit claims
SAL-recon

We reconcile...

We reconcile the sales you make to your Grocery customers and:

  • reconcile the funding charges they make for the promotional activities you have with them
  • reconcile the relevant contracts and/or agreements that Govern your commercial relationship
  • we manage and defend the audit claims presented by their audit teams – the ‘goods for resale’
  • we secure ‘audit protocol’ agreements with the finance/audit team
SAL-gather

We collect...

We collect transform and store key historic trading data for the purpose of reconciling the trading activity it relates to.