These can be bad times for small companies trying to make it during the financial climate even though the government says it is trying to help small companies. The banks have been pressurised to help small companies with money but up to now this has not been forthcoming, unlike the bonuses paid to top bankers. Given this situation, when a small firm finds that an bill sent to a large firm for which it has done projects or provided items, has now gone past the final payment date and remains unsettled. The small firm could have accounts of its own to settle, maybe tax accounts and the last thing a small firm wants is to get in the tax man’s bad books, for the spectre of the grim reaper showing a winding up notice might be the stuff of nightmares. I hope that referring to “tax man” in the previous sentence does not offend the ladies for I am probable that there are enough female tax inspectors who may be only too joyful to use any tactics to get the revenue money.

The small firm could well be tight on revenue or if they have previously used lawyers or Debt Collection firm, they could be reluctant to pay the fees they charge, even if they are deducted as a sacrifice from the final settlement. Even if the lawyers or Debt Collection firm have skills in business Debt Collection and their success rate is good, the fees remain the same.

For such a small firm an answer exists but only if they are OK to put some time in themselves, the solution could be Debt Collection Software. For a charge of below £100 the small firm can get a good Debt Collection Software suite and for their part they will need to allocate enough resources to give the Debt Collection project a chance to work. There will be an outlay in time and effort in learning about the Debt Collection activity but the Debt Collection Software should come along with a set of instructions that should provide this information, especially any current Acts of Parliament that the small firm can use. The fundamental part of Debt Collection is that the large firm needs to know that the small firm needs to have their bill paid and says this in an unemotional and professional manner. This is achieved by generating Debt Collection Letters, which form the centre of the Debt Collection activity and the Debt Collection Software should have a good self study guide in how to compose good quality Debt Collection Letters. The Debt Collection Software should also provide a set of examples which should show what the small firm should compose for each stage of the Debt Collection activity. The small firm could use these examples as the background for their actual Debt Collection Letters as they work their way through the Debt Collection activity. The small firm should be permitted to update the examples to include their own firm details and icons as required as this would add to the professional look of the real Debt Collection Letters.

It should be possible, by use of the Debt Collection Software, to compose good Debt Collection Letters that should persuade the large firm to pay the bill and keep up the good commercial relationship that they have with the small firm.

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