As a new client to Bibby Financial Services, we will automatically write to your existing customers to inform them that you are using an Accounts Receivable Finance facility. The letter briefly introduces ourselves and asks that your customers confirm that the contact and account details we hold are correct.
When you take on a new customer, we'll send a letter to let them know that you are using an Accounts Receivable Finance facility. It briefly introduces ourselves, explains the concept of Invoice Finance and details of how they should make payment to us, giving our address and bank details.
Notice of Assignment
As part of your agreement with us you will continue to send invoices to your customers in the normal way, however, your invoices will now also need to include our Notice of Assignment.
The Notice of Assignment should be incorporated into the body of your invoice, labels can be provided.
Customer/Debtor Statement
At the end of every month, we'll send a statement to your customers which will summarize the transactions of that particular month and any charges which may have been applied.
Credit Control Letters
As part of your facility with Bibby Financial Services, you will be assigned a dedicated team that will pursue and collect outstanding payment on your behalf.
Part of our collections process involves sending out letters to assist us in collecting outstanding payments from your customers, with each gaining in strength. These letters will be sent out at predetermined dates after the due date of invoices.
If there is no satisfactory outcome to the letters, then the issue of legal action will be discussed with you.
