Chambers Credit Management - Sentinel

What is Sentinel?

A Subscription based solution to make your cash flow better

Managing cash flow is difficult. It is well known to be the biggest issue of stress in running any business. Chambers has been in the Cash Flow management business for more than 12 years and so understands this better than anyone. Chambers understand the issues and stress involved and the fact that current systems just do not work. Businesses like yours need a new solution! A new approach!

Virtually all businesses encounter problems and pitfalls during the day to day operation of their business and start up companies are particularly vulnerable. For example failing to obtain a signed delivery note means that you have no proof that your goods were delivered to your customer. Failure to check your customer’s credit status could involve you with costly court proceedings to try to recover your money. Increasingly burdensome legislation and regulation often leads to decreased cashflow and loss of income which ultimately, are the prime reasons for business failure.

Sentinel is a package of services and products that will ensure you trade with the right type of customer and generate the cash you need from them.

Some easy to avoid reasons why your business could fail

• Lack of or inadequate business terms and conditions
• Failure to present terms and conditions correctly
• Failure to check customer identity and creditworthiness
• Failure to ensure payment guarantees
• Reliance on Bank and Trade references
• Failure to obtain signed orders or order numbers
• Failure to ensure that contracts are properly accepted
• Failure to obtain signed delivery notes
• Failure to obtain signed variation orders
• Failure to deal promptly with overdue accounts

Most people discover the importance of these things the hard way, very often after losing tens of thousands of pounds due to the fact that they have not ‘got around’ to sorting these procedures out. Generally, what puts people off ‘getting around to it’ is the cost and time of doing so.

Sentinel is a standard monthly subscription based service. It has an initial signing on fee which covers the initial setup, but Chambers will be there consistently to support you to make your cash flow better

Call or email Chambers today for a discussion on how you can avoid business failure! Tel: 0151 229 1010 email: enquiries@chamberslegal.co.uk

Employing People?

Successful businesses often need good people to help them, but employing staff carries a great deal of responsibility. Employment Law can be a minefield for employers and many businesses operate illegally without even realizing it. Unfair dismissal, lateness, absenteeism, illness, maternity, harassment, accidents, employment tribunals – do you know how to deal with it?

Some little known points of employment law:

• It is a criminal offence not to have a written copy of a Director's service contract.
• Damages are unlimited for discrimination claims.
• Tribunal maximum award increased to £63,000 from February 2008.
• There were over 132,000 Employment Tribunal claims in the last year.
• An Employer may be liable for an Employee stalking a work colleague.
• A breach of statutory grievance procedure may lead to an automatic unfair dismissal.
• It is an offence to permit an Employee to work without proof of identity and that they are eligible to undertake work.
• Failure to provide contracts of employment can result in a fine of four weeks wages for each employee

Chambers' employee handbook can assist you with many employment issues and sets down a company policy and rules for your business.

So where do you start?

Sentinel is a revolutionary new service, which addresses all of the problems mentioned so far, but is supported by Chambers as well. Sentinel is equivalent to having your own in-house management and credit control team at a fraction of the cost! Allowing busy entrepreneurs to concentrate on expanding and developing the business instead of being tied up with unfamiliar processes and experiencing negative cashflow.

So how can Sentinel help your business and make sure that you are not just another business plan blown away by the misfortune of other companies?

We will provide:

1. A cast iron set of Contractual Terms and Conditions, aligned to your business
2. Advice and guidelines on how to present contractual documentation to your customers, so that you are safeguarded to the maximum.
3. Provide you with a free online search facility which will give you the ability to quickly search for information on your customers within seconds. These reports contain everything you need to know about your customer, such as their last 4 years accounts, who the directors are and what other businesses they have, whether they have any county court judgments and much more. This gives you the information you need before you part with goods or services. You have your own username and password and the facility is available to you 24 hours per day and it is totally confidential.
4. Provide you with a unique credit control system which will ensure that you never again lose money to companies that have gone into liquidation. This system has been developed by Chambers and has been used successfully by existing clients to recover money after their customers had gone into liquidation.
5. Provide you with all the contractual documentation that you require to run your business, in accordance with current legislation. As an existing client, you will be entitled to free upgrades as and when they become available.
6. Provide you with a dedicated help line to discuss any part of your credit management or any legal position.
7. Provide you with a Free debt collection service. If you are unable to collect on your overdue accounts, Chambers will collect them for you with no charge to you * see terms (understandably very popular with existing clients).
8. Provide you with employment contracts and a comprehensive employee handbook (updated annually) which provides you with a procedure for virtually any eventuality arising with your employees. The Handbook covers, health and safety, disciplinary procedures, confidential information, time keeping, leave policies, company vehicle policy and much much more. Got a problem with staff? You will have a procedure for dealing with it!

There is no other product on the market like Sentinel. Sentinel allows you the freedom to manage your own affairs quickly and easily, but with the reassurance of expert backup and support, at the fraction of the price that it would cost through a solicitor or accountant.

Currently, 1,300 businesses are failing EVERY MONTH – make sure that yours is not one of them! For further information or to arrange a no-obligation demonstration of Sentinel

Call: 0151 229 1010 or email: enquiries@chamberslegal.co.uk