I joined Wade Macdonald a year ago to join the credit division and specialise purely in helping credit specialists find temporary work. Below I look at the reasons why businesses should consider hiring a credit controller to help out on projects or short term assignments.
Credit control and credit management as a function has many benefits to a business from ensuring that you don’t over-extend credit to your customers, collecting funds owed to you along with a healthy dose of customer service when approached in a disciplined and supportive manner. The timely and accurate collection of trade debt is critical to maintaining a healthy cashflow.
There are many other reasons why businesses may consider using a Credit Specialist on a temporary basis.
- A mad dash to get the cash in before year end
- Cash flow issues
- A back log of queried bad debt that needs exploring
- Long-term Sickness
- Working out if there is a genuine need to increase perm headcount
- New credit system needing to be integrated
- Projects to reduce overall DSO
- Covering a role whilst you recruit permanently
- Setting up a new credit department
- Improvement of systems, policies and procedures
Taking a temp on can add short term value and for the improvement in your cash position can be well worth the cost.
I have met well over 100 people in the last year who only want to take on temporary assignments. Many enjoy the fulfilment of completing a project whilst keeping their work-life balance, others enjoy seeing how their short term involvement can truly change a business’s position, whilst for some others it allows them to combine and utilise skills and systems knowledge that they have gained whilst working in assignment.
So as a small business owner, credit manager or finance professional think about whether a Credit Specialist could add value to your business. All of our temps start on a four-hour working interview (where if you don’t feel they are a fit in the first four hours you don’t pay a penny) and it goes without saying they have been referenced over a minimum of two years. Many have also successfully completed assignments for me before.
To discuss how a temp could help your business, please contact me on 01189 559514 or email firstname.lastname@example.org
Written by Zoe Jones - Credit Specialist, Temporary market