Every business is created from a single idea and Gareth Thomas’s evolved from the growing need to find a way to recover owed monies from slow paying or non-paying clients. Due to recurring factors such as pre-pack administrations, lack of due diligence by creditors, disputes and absconding debtors, some businesses were struggling with their bad debt and Gareth felt that this problem needed to be addressed urgently.
Gareth’s first venture was setting up Financial Solutions South in 2007 which specialised in commercial debt recovery and, even though this business really took off, he wanted to develop a system which gave business owners access to the very best in credit control software without having to employ a debt management firm. By working side by side with CCS LTD, who had developed the collection software Colsys, the innovative International Credit Enforcement Pro-Active Credit Control, or ICE PACC, was born in 2009 and, soon after its launch, it won the backing of Institute of Credit Management (ICM).
ICE PACC is an online credit management tool which has revolutionised the way businesses are able to manage cash flow and minimise bad debt. It's a simple but powerful online tool which gives businesses, from sole traders to corporate businesses, the power to manage each stage of the credit control process, from assessing a client or supplier's risk profile to successfully recovering bad debts. It also offers free pre-legal debt recovery which includes professional written reminders, legal documentation and agreement plans along with door-step collections (adhering to strict codes of conduct) recorded on video, for transparency where necessary, to ensure that the integrity of all businesses are upheld whilst helping with the recovery of bad debt.
The success rate of ICE PACC has rocketed in the last 3 years with 90% of debts being collected before legal action was pursued. This excellent performance, along with a fantastic working relationship, has seen ICE PACC become global with businesses as far as Dubai integrating ICE PACC as part of their standard operating procedure for credit control.
If you would like more information on the ICE PACC software system, contact 0118 324 0335 or visit http://www.credit-control-software.com/
