Morecent Limited is a registered professional debt management company, with expertise in debt collection aiming at improving liquidity levels through recovery of delinquent debts.
We have a sustainable debt collection structure with experienced staff. We employ systems and technology that ensure that our client’s needs and expectations are exceeded if not met.
We are a skilled industry player with a reputation of being professional, balanced and accommodating. With our experience and knowledge of the debt collection industry, Morecent seeks partnership with your company so as to manage the risk of your credit portfolio and improve your bottom line while taking care of you with superior service, outstanding management tools and reliable reporting.
Suppliers of goods and services as well as lending institutions usually extend credit to their clients or customers for periods ranging from 30 days to 90 days.
Any account that remains unpaid after 30 days credit period is considered overdue while any account that has remained overdue for over 90 is considered a default.
We encourage our clients to outsource earlier for better management of their portfolios. It is a fact that the older a debt the more costly and time consuming it becomes to turn around and recover.
Our experienced team will work closely with you to fully understand your business needs. We will then create a collection strategy that best suits your needs. Our goal in all this will be:
1) Recovering you debts cost effectively.
2) Maintaining you company image and reputation while upholding the value statements.
3) Rehabilitating your customer base.
Your company can exploit the following opportunities:
1. Improve profitability through acceleration of your cash flows by reduction of profit leakages occasioned by delinquent accounts. We will encourage that accounts 90 days overdue be transferred to collection firm for remedial measures in good time.
2. Growth of capital base through reduced debt write-offs. Customers who delay or don’t meet their obligations in time usually lead to eventual default cases. A default means that the company has to write off the amounts against its profit and loss account. Even where the accounts are not immediately written off, high provisions must be set aside in anticipation of these default. The ultimate effect is reduced profit and a poor return on investment (ROI) for its shareholders.
3. Increase efficiency in accounts administration. Collection costs can increase dramatically where the customer base is highly delinquent and hence high default rate. These administrative costs are a charged against the P&L and erode profitability and liquidity if not checked.
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