Accountants &
Insolvency Practitioners
An accountant is often the most trusted professional partner available to a business.
As debts and invoices accrue, the accountant has immediate sight of emerging issues.
Traditional debt recovery methods are slow, taking months or even years to recover debts and the process is often unknown and costly.
Are clients unsure of options to collect unpaid invoices?
Outstanding invoices affecting cash flow?
Dissatisfied with traditional Debt Collection Agencies
Unknown collection costs?
Unsuccessful County Court Judgement?
Accountant Solutions
Partnership Working
Latitude partners with Accountants and Insolvency Practitioners to provide a unique solution based service designed on speed. It fundamentally differs from standard debt collection agencies and internal debt recovery processes. Our solution is personal and bespoke through direct engagement at the premises. It reduces wasted effort and costs, providing clients with a tangible impact in the quickest period of time. A wholly personal service, built upon decades of industry expertise.
Accountants Debt Recovery Guidance
Our on premises commercial debt recovery solution works with you to produce rapid results and can reduce the time taken to engage a debtor by 6 months in typical cases.
We specialise in collecting bad debts, from sole traders and small businesses all the way up to multinationals, helping to recover the clients money back quickly.
Latitude go straight to the debtors source, face to face on premises. It is a bespoke end to end solution.
Every client referred via an accountant receives, at no cost, a no obligation and in depth discussion on the most effective solution for the debt. We guarantee to speak to your client within 1 day of referral.
Guide clients through the maze of collection options.
Gauge likelihood of recovery.
DIscuss costs involved in escalations.
Understand legal remedies available to enforce the debt.
Timescales.
It is uniquely personal and the antithesis of a “one size fits all” approach to the standard bulk debt recovery processes commonly used today.
Immediate ‘end to end’ Solution
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Latitude will undertake a free, no obligation discussion with any client to help them understand fully the options available in a complicated debt collection environment.
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In depth checks ahead of visit to the debtors premised, including credit bureau and publicly available information and social media on all aspects of a debtor.
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Attendance at premises within 72 hours of instruction. Engagement with the debtor regarding the debt, service of documentation, negotiation and mediation if necessary and assessment of assets and trading status. A full report both verbal and electronic immediately to the client.
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Immediate information available to the client allows for rapid delivery of escalated enforcement and options including managing the transfer up through the civil courts.
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Latitude will manage any payment negotiations, mediation, and recovery and escalations throughout ownership of the case.
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An instant improvement on standard and elongated contact methods that gains priority over other standard creditors through speed of activity.
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Our solutions reduce bad debt and write off’s by the immediacy of activity and defining a strategy, from day 1. Many latitude cases are successfully recovering previously written off and delinquent debt cases.
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Reporting from premises gives an immediate indication and record of appetite to pay, assets available and overall picture of a debt and the circumstances that cannot be undertaken through standard methods of communications to a debtor.
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Our solution enables clients and practitioners to forecast accurately the timeline of the recovery process and the recovery likelihood, a faster and more effective solution to standard DCA strategies.
Latitude compliment Accountant and Insolvency Practitioners on individual cases and large debt ledgers.
Our unique, up front, on-premises solution of attendance at commercial and home premises within 72 hours, including our initial due diligence checks, delivers practitioners with an immediate view of the debt and a detailed reporting recommendation on next step escalation, from day one.
Our service simply assists practitioners in rapid prioritisation of cases, an early stage, enhanced service for improved outcomes on commercial debt cases.