Case Study: Swanstaff Recruitment achieves faster credit control and improved cash flow with Draycir Credit Hound

Swanstaff Recruitment boosts cash flow by 20% with Draycir

Swanstaff Recruitment, a fast-growing independent recruitment company, faced a challenge as it expanded to 23 branches. Their credit control team was burdened with manually chasing late payments using spreadsheets and was frustrated by the limitations of their Sage 50 accounting system, which did not suit their 14-day payment terms.

Draycir implemented its Credit Hound solution to automate Swanstaff's credit management. The system synced real-time data from Sage, allowing for bespoke credit terms and automatically sending reminders. This resulted in a 20% increase in cash flow and cut the time spent chasing overdue accounts from two weeks to just one. The team found Credit Hound very user-friendly and could now add notes and respond to customer queries quickly.

Swanstaff Recruitment