Helping you with our SME Debt Collections Service
Do you have invoices that are unpaid and no matter what you do, you are unable to have contact with your client?
Well you are not alone! This is a common issue that companies of all shales and sizes face. From global enterprise business to the local SME, unpaid invoices is a challenge and we at DebtCo are here to help.
If you need a reliable small business debt collection agency in the UK, then look no further. Our no win, no fee SME debt collection service helps you to not only recover the amounts owed to you, but also helps you to re-establish contact with your client.
0%Improved recovery rates verus traditional collection processes
0Data informed SME debt collection strategies we have learnt
0%Automated collections process due to the use of FinView
0Oldest SME debt collections case we successfully recovered
How can our small business debt collection service help you?
Our service uses the CollectIC digital collections platform which provides a highly specialised and automated debt recovery service that is specific for your business.
Most small business need to focus on driving growth with the confidence that their invoices will be paid. We at DebtCo provide that unique digital collections experience that protects your brand and ensures your invoices get paid.
No win, no fee
We will never ask a fee up front from you. Only when we have successfully recovered the amount owed to you do we send you an invoice and then set our fee off.
Our platform has automated 80% of the traditional debt collections process. As a result, we are able to pass that financial benefit on to you with a competitive collections fee no matter how big or small the case is.
Our digital approach guarantees to protect your brand. We work with you to ensure the messaging is consistent and never use threatening techniques to resolve a case.
'We have worked with Debtco successfully for a couple of years now and have enjoyed significantly improved debt recovery success compared with other companies we had tried. Their technology / data driven approach to SME debt collection recovery is clearly a winner.'
How do I get started?
We try everything to make the onboarding process as easy as possible. After the digital agreement is signed, the below process kicks off.
Get access to our digital collections platform CollectIC
Our team will send you an email that gives you access to our CollectIC collections platform. You will need to add your password as well as setup your 2 Factor authentication.
Send us your SME debt collection cases
You can now upload your debt collection cases direct to us. Either via a file upload direct to CollectIC or by using the form below.
We define the collections strategy
CollectIC automatically applies the intelligent collections strategy to each of your SME debt collection cases.
The communications kick off
Once the strategy is defined, our engines go through the motions of establishing contact with your client. Once contact is established, your client is empowered to manage the case themselves via our FinView app.
Track our progress
You can track the progress we make on your SME debt collection cases by logging into the CollectIC portal.
I only have one case? Can I send it to you?
If you have one or a small number of cases and want us to get going quickly, then you can simply send them to us via the form below. We will ask you a series of questions that will help us get the information we need to get the SME collections process going.
Click the link below to get started, it takes less than 2 minutes to complete.
Check out some of the frequently asked questions regarding our SME debt collections service.
When we started DebtCo, we quickly identified that the industry needed to be disrupted. The result was that we developed our own platform called CollectIC. This is a digital collections platform that uses technology combined with mobile apps to deliver digital experiences to companies and individuals in financial stress. The result has seen a +40% recovery improvement for our SME clients.
We have a specific service that helps enterprise business with their debt collections as well as invoice reminding needs.
More information can be found here:
Yes. DebtCo offers a specific service for small business which still uses the same ai debt collections strategy we apply for our enterprise clients.
Check out our debt collection for small business service here ⮕
There may be some recoverable costs, such as interest and compensation in accordance with the Late Payment of Commercial Debts (Interest) Act 1998. The compensation entitlement varies in accordance with the size of the debt:
Sum to be paid to the creditor
Up to £999.99 £40
£1,000.00 to £9,999.99 £70
£10,000.00 or more £100
Interest is recoverable at 8% above the Bank of England base rate.
More information can be found via the UK Government website: Click this link
Yes. As we mentioned above, we offer the DebtCo Online Debt Collections service specific for SME. Simply scroll up and send us your case via our conversational form.
Our experience is that all portfolios are different requiring different collections strategies. Get in touch via the form below so we can share our competitive fee.
In short yes! We are happy to negotiate a settlement on your behalf. At all times we keep you informed on the process so you can decide to accept or reject any offer on the table.
No matter how complex the case or the volume of cases you have, DebtCo provides an all new digital debt collections service that empowers your clients to take control. Get in touch so we can discuss how to help you out.