Cash flow management specialist Octempo:RM believes an expansion of their international collections service will provide SMEs with a viable alternative to faceless credit insurance giants.
The Warrington-based firm uses foreign nationals to help exporters collect debts from companies overseas, and is expanding the service to cover all aspects of the order to cash cycle.
They are now able to deal with order management, credit control, and managing credit risk for companies that sell overseas. They currently support over 25 different countries - including China, Russia and the Middle East - all in the language of the end customer.
Octempo’s commercial experience of business cultures around the world gives them an advantage over many debt collecting insurance companies.
Previously SMEs would’ve had to rely on huge multinationals like Euler Hermes, Atradius and Coface – a one size fits all service generating large bills in the process.
Managing Director Julian Llewellyn said: “As more SMEs look to export, they have to deal with language barriers and more importantly misunderstandings about business cultures in other countries.
The Warrington-based firm uses foreign nationals to help exporters collect debts from companies overseas, and is expanding the service to cover all aspects of the order to cash cycle.
They are now able to deal with order management, credit control, and managing credit risk for companies that sell overseas. They currently support over 25 different countries - including China, Russia and the Middle East - all in the language of the end customer.
Octempo’s commercial experience of business cultures around the world gives them an advantage over many debt collecting insurance companies.
Previously SMEs would’ve had to rely on huge multinationals like Euler Hermes, Atradius and Coface – a one size fits all service generating large bills in the process.
Managing Director Julian Llewellyn said: “As more SMEs look to export, they have to deal with language barriers and more importantly misunderstandings about business cultures in other countries.