https://www.lcms.ie RSS feeds for LCMS 60 https://www.lcms.ie/News/tabid/254/ID/30/Data-Protection-Regulation-GDPR-Click-Here.aspx#Comments 0 https://www.lcms.ie/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=254&ModuleID=750&ArticleID=30 https://www.lcms.ie:443/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=30&PortalID=1&TabID=254 https://www.lcms.ie/News/tabid/254/ID/30/Data-Protection-Regulation-GDPR-Click-Here.aspx Coming May 25th 2018 The General Data Protection Regulation (GDPR) very significantly increases the obligations and responsibilities for organisations and businesses in how they collect, use and protect personal data. At the centre of the new law is the requirement for organisations and businesses to be fully transparent about how they are using and safeguarding personal data, and to be able to demonstrate accountability for their data processing activities. helenaadmin Wed, 01 Nov 2017 15:27:00 GMT f1397696-738c-4295-afcd-943feb885714:30 https://www.lcms.ie/News/tabid/254/ID/29/Pay-Online-Facility.aspx#Comments 0 https://www.lcms.ie/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=254&ModuleID=750&ArticleID=29 https://www.lcms.ie:443/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=29&PortalID=1&TabID=254 https://www.lcms.ie/News/tabid/254/ID/29/Pay-Online-Facility.aspx If you have received a letter from LCMS and you wish to make a payment please use our new facility. Just click on the Pay Online button and use your ID and Pin Number quoted on your letter. Its quick and easy and your account will be credited within one working day. If you have any difficulty just ring our office on 045 431143 and our staff will be happy to help you in any way. If you have a query you can send a message via our contact us page. Siobhan Philips Thu, 02 Jun 2016 10:46:00 GMT f1397696-738c-4295-afcd-943feb885714:29 https://www.lcms.ie/News/tabid/254/ID/27/LCMS-will-work-as-an-extension-to-credit-control-teams.aspx#Comments 0 https://www.lcms.ie/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=254&ModuleID=750&ArticleID=27 https://www.lcms.ie:443/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=27&PortalID=1&TabID=254 https://www.lcms.ie/News/tabid/254/ID/27/LCMS-will-work-as-an-extension-to-credit-control-teams.aspx The earlier an account is referred once if is past your normal credit terms the better collection rate LCMS will have for clients. Get an understanding of exactly what makes up you aged debtor list. Make a plan to clear the overdue accounts and then keep your book up to date. Siobhan Philips Thu, 02 Jun 2016 09:02:00 GMT f1397696-738c-4295-afcd-943feb885714:27 https://www.lcms.ie/News/tabid/254/ID/25/Derek-Explains-Our-Legal-System-And-Its-Really-Simple.aspx#Comments 0 https://www.lcms.ie/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=254&ModuleID=750&ArticleID=25 https://www.lcms.ie:443/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=25&PortalID=1&TabID=254 https://www.lcms.ie/News/tabid/254/ID/25/Derek-Explains-Our-Legal-System-And-Its-Really-Simple.aspx Did you know? 1. The District court Summons is now called a Claim Notice and is up to €15,000 in the local district court. 2. LCMS/Solicitor retains the burden of administration which limits the input required by our clients. 3. Within 35 days the Claim Notice can be ready to be served on the debtor. 4.In an undefended case an automatic Court Judgement is obtained and can be registered.   5. If defended exact reasons why the debt is not owed has to be outlined by the debtor on receipt of Claim Notice. A court date has then to be obtained. 6. Legal letters are generally sent out to debtors on a "no collection no fee" basis on accounts of all values in association with our legal partners.  7. It can be cost effective for a debt greater than €500 to progress to the Claim Notice. To find out more click here  Siobhan Philips Thu, 12 May 2016 13:41:00 GMT f1397696-738c-4295-afcd-943feb885714:25 https://www.lcms.ie/News/tabid/254/ID/24/Best-Practices-in-Credit-Control.aspx#Comments 0 https://www.lcms.ie/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=254&ModuleID=750&ArticleID=24 https://www.lcms.ie:443/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=24&PortalID=1&TabID=254 https://www.lcms.ie/News/tabid/254/ID/24/Best-Practices-in-Credit-Control.aspx To book a training date please email helena@lcms2.com Siobhan Philips Thu, 12 May 2016 13:35:00 GMT f1397696-738c-4295-afcd-943feb885714:24 https://www.lcms.ie/News/tabid/254/ID/20/We-are-delighted-and-proud-to-announce-that-we-remain-compliant-with-the-ISO-27001-2013.aspx#Comments 0 https://www.lcms.ie/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=254&ModuleID=750&ArticleID=20 https://www.lcms.ie:443/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=20&PortalID=1&TabID=254 https://www.lcms.ie/News/tabid/254/ID/20/We-are-delighted-and-proud-to-announce-that-we-remain-compliant-with-the-ISO-27001-2013.aspx Certification Europe carried out a re-certification audit last week in LCMS. Siobhan Philips Mon, 22 Feb 2016 17:32:00 GMT f1397696-738c-4295-afcd-943feb885714:20 https://www.lcms.ie/News/tabid/254/ID/19/Outsourcing-delivers-results-is-cost-effective-and-results-driven.aspx#Comments 0 https://www.lcms.ie/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=254&ModuleID=750&ArticleID=19 https://www.lcms.ie:443/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=19&PortalID=1&TabID=254 https://www.lcms.ie/News/tabid/254/ID/19/Outsourcing-delivers-results-is-cost-effective-and-results-driven.aspx Outsourcing is an arrangement in where one company provides a service to another company that could be provided within the organisation. Outsourcing allows a company to concentrate on its core processes and engage suppliers who are experts in the relevant field.  This will prove to be most cost effective as the company supplying the service have all the specific equipment, procedures and processes to complete the task efficiently.   They will upskill their workforce with the latest developments in the industry and you will benefit from these newly acquired skills, without paying for them or losing out on production time. Companies providing a service to clients will concentrate on providing the best possible service and will be more results driven, as they will be keen not to lose the contract when it comes to renegotiation time. Another advantage of outsourcing includes reduced operational and staff costs.  Management will be able to allocate the agreed contract price into the budget and will not have to worry about all the extra costs such as replacing staff when on sick or holiday leave, or the increased overhead costs of extra staff. LCMS provide an excellent Outsourced Credit Control service to its clients.  To learn how LCMS can help you with your credit control, contact a member of our sales team on 045 431143 to arrange a free, no obligation meeting, in your office. Siobhan Philips Thu, 04 Feb 2016 14:43:00 GMT f1397696-738c-4295-afcd-943feb885714:19 https://www.lcms.ie/News/tabid/254/ID/17/If-you-are-interested-in-our-upcoming-events-and-training-in-Naas-and-Cork-contact-us-now.aspx#Comments 0 https://www.lcms.ie/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=254&ModuleID=750&ArticleID=17 https://www.lcms.ie:443/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=17&PortalID=1&TabID=254 https://www.lcms.ie/News/tabid/254/ID/17/If-you-are-interested-in-our-upcoming-events-and-training-in-Naas-and-Cork-contact-us-now.aspx We are booked up for our Credit Control training on Thursday 21st January but you can express interest in our March events and training in Naas and Cork. Get on the list now. Contact Tara on 087 785 1526 or email taralane@lcms.ie   More info and details to follow...... helenaadmin Wed, 20 Jan 2016 11:36:00 GMT f1397696-738c-4295-afcd-943feb885714:17 https://www.lcms.ie/News/tabid/254/ID/16/If-you-make-one-New-Years-resolution-and-stick-to-it-make-it-this-one.aspx#Comments 0 https://www.lcms.ie/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=254&ModuleID=750&ArticleID=16 https://www.lcms.ie:443/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=16&PortalID=1&TabID=254 https://www.lcms.ie/News/tabid/254/ID/16/If-you-make-one-New-Years-resolution-and-stick-to-it-make-it-this-one.aspx One of the not so fun facts of being in business is the soul-destroying fact that some people will try not to pay you. No matter what industry you are in, if you give credit, you run the chance of not being paid. In 2015 the rate of consumer debt was up, there were 1692 consumer judgements in the courts for the first 6 months of 2015, that was a 6 per cent rise on 2014 and the figure keeps rising. However the news is not all bad, in the same time period, there was an evident fall in the value of commercial judgements, 25% compared with 2014. The figures are now one third of what they were in the period of mid recession 2009, this has to be good news. We all know the problems that your customers not paying you, can cause you in the day to day running of your business. When it comes to the crux of the matter, if you don’t get paid, you can’t pay your suppliers, therefore you cannot stock your shelves, cannot increase sales of products and therefore sales fall, turnover falls and it’s a downward spiral. If you make one New Years resolution and stick to it, make it this one: ‘To engage proactive credit control practises’ May this be your mantra for 2016 Siobhan Philips Tue, 05 Jan 2016 10:38:00 GMT f1397696-738c-4295-afcd-943feb885714:16 https://www.lcms.ie/News/tabid/254/ID/14/Upskill-for-2016--Book-now-for-Best-Practises-in-Credit-Control-Training-on-Thursday-21st-January.aspx#Comments 0 https://www.lcms.ie/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=254&ModuleID=750&ArticleID=14 https://www.lcms.ie:443/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=14&PortalID=1&TabID=254 https://www.lcms.ie/News/tabid/254/ID/14/Upskill-for-2016--Book-now-for-Best-Practises-in-Credit-Control-Training-on-Thursday-21st-January.aspx Along with collecting in your overdue accounts, LCMS also provide a wide range of services, including Out Sourced Credit Control and Training Seminars.  We will be hosting one of our popular training mornings in our office in Naas for your Accounts Receivable, Credit Control and Sales Teams. The morning covers a wide range of topics, as listed below. Spaces are limited so please book early to reserve your place.  We can also bring the training to your office (minimum numbers apply) if that is easier for you.  Best Practises in Credit Control  Thursday 21st January, Naas. 9.30am – 12.30pm This seminar is ideal for members of your Accounts,  Credit Control and Sales team Topics include:   New accounts - Application requirements, Credit checks and trade references  Communication on documentation requirements between Sales and Accounts Teams  The positive effect good collections can have on Cash Flow and growth of business  Signs to watch out for with Debtors  Telephone Techniques  Time Management, setting targets and improving Cash Flow  Resolving queries, paperwork / dispute resolution and Negotiation  Follow through on promised payments  Dealing with Aggressive Debtors  Third party mediation / When to engage a Credit Management Company  What to look for when choosing a service provider  Insight into the LCMS collections system  Legal Referral - Solicitors Letters / Summons / Courts Investment €95 & VAT.     Onsite training also provided. To reserve your place, please email taralane@lcms.ie or ring Tara on 087 7851526 Places are limited so contact us now. Siobhan Philips Wed, 16 Dec 2015 14:43:00 GMT f1397696-738c-4295-afcd-943feb885714:14 https://www.lcms.ie/News/tabid/254/ID/13/Send-your-overdue-accounts-to-us-before-the-Christmas-period-and-enjoy-the-holidays.aspx#Comments 0 https://www.lcms.ie/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=254&ModuleID=750&ArticleID=13 https://www.lcms.ie:443/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=13&PortalID=1&TabID=254 https://www.lcms.ie/News/tabid/254/ID/13/Send-your-overdue-accounts-to-us-before-the-Christmas-period-and-enjoy-the-holidays.aspx Christmas is fast approaching and times are busy. Why not send you overdue accounts to us, free up your time and allow yourself to focus on other aspects of your business. We can work away on those accounts, allowing you to go into the New Year without the worry and strain of those accounts and have a fresh approach in January.  For existing clients just log onto our Client Portal and add your account details, and for new customers give us a call and we can set you up with us in no time and have that first LCMS letter out the next day.  If you are interested in using our services but haven't got the time before the holidays, why not arrange a quick consultation with us or arrange to meet with one of our sales team after the holidays.  We are open Mon-Fri 9am-5.30pm. We close for the holiday period at 3.30pm on Thursday the 24th of December and reopen again at 9.00am on Monday the 4th of January.   You can contact any member of our sales team on the Contact Us page and we are always more than happy to answer any questions you may have.   We hope business is doing well in December and we look forward to working with our clients, old and new in the future.  Regards, LCMS  Siobhan Philips Fri, 11 Dec 2015 15:56:00 GMT f1397696-738c-4295-afcd-943feb885714:13 https://www.lcms.ie/News/tabid/254/ID/12/Learn-more-about-our-Collection-stages-and-Legal-process.aspx#Comments 0 https://www.lcms.ie/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=254&ModuleID=750&ArticleID=12 https://www.lcms.ie:443/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=12&PortalID=1&TabID=254 https://www.lcms.ie/News/tabid/254/ID/12/Learn-more-about-our-Collection-stages-and-Legal-process.aspx This week we are going to discuss a bit more about our collection stages, right through to our Legal process... Siobhan Philips Tue, 24 Nov 2015 16:51:00 GMT f1397696-738c-4295-afcd-943feb885714:12 https://www.lcms.ie/News/tabid/254/ID/11/Did-the-job-but-havent-been-paid-Do-you-need-help-with-people-who-owe-you-money-for-overdue-accounts.aspx#Comments 0 https://www.lcms.ie/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=254&ModuleID=750&ArticleID=11 https://www.lcms.ie:443/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=11&PortalID=1&TabID=254 https://www.lcms.ie/News/tabid/254/ID/11/Did-the-job-but-havent-been-paid-Do-you-need-help-with-people-who-owe-you-money-for-overdue-accounts.aspx Have you bought stock and sold it on but not been paid for it yet or have you done a job for someone and they refuse to send you on a payment? At LCMS, we understand the frustration and difficulties that arise when people do not pay you.  Perhaps you need to use the monies due to pay your own bills, buy equipment or even pay the staff wages.  We understand the frustration when a debtor promises payment and does not carry through.  Our clients often need the money to pay someone else and if the debtor reneges on the agreement, it places our clients in a difficult position. With our processes, a debt will either be fully paid, partially paid or ready to proceed to legal within 35 days.  Likewise, there is nothing more stressful than wondering how you are going to pay someone that you owe money to.  We work closely with debtors to facilitate payment, set up payment plans or ring at prearranged times to take regular payments from their debit card.  We understand that debtors may owe numerous people or businesses money and find it difficult to find a solution to their financial muddle.  Our collections staff are all trained to recognise vulnerable debtors and we have a vulnerable debtor plan to assist people sympathetically. When a company engages LCMS to collect in overdue accounts, we create an account for them on our online portal.  They can load a debtor along with their debts.  A letter is sent to the debtor, informing them that the debt has been referred to a third party and to encourage them to resolve the situation.  We also give them a ring, often the debt is paid via debit card on the first phone call.  This call also gives us an opportunity to address any issues that remain unsorted, such as credit note due or unrecorded payment. We liaise with our clients’ accounts receivable team to sort any queries and refer back to the debtors. Second letters and phone calls are also made before we organise Solicitors letters and calls for you, using our panel of experienced Solicitors and our legal team. We proceed all the way through the legal path if you wish, you have control of the process at all stages.    At LCMS we strive to remove all barriers for payment, work as an extension of your accounts team and decrease your debtors listing.  If you have a debtors listing that is longer than you would like, just contact us for a free consultation.   Siobhan Philips Sun, 08 Nov 2015 20:44:00 GMT f1397696-738c-4295-afcd-943feb885714:11 https://www.lcms.ie/News/tabid/254/ID/10/Top-Ten-Tips-for-Credit-Control.aspx#Comments 0 https://www.lcms.ie/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=254&ModuleID=750&ArticleID=10 https://www.lcms.ie:443/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=10&PortalID=1&TabID=254 https://www.lcms.ie/News/tabid/254/ID/10/Top-Ten-Tips-for-Credit-Control.aspx Here are our Top Ten Tips for effective Credit Control: 1.Correct information recorded when setting up new client account 2.Credit Agreement form completed and terms understood by debtor 3.Prompt issuing of invoices and credit notes when necessary •Include Retention of Title, Payment Terms, your phone number etc on invoice 4.For invoices into larger organisations, find out payment run date and get in before otherwise you have to wait another month 5.Ring and make sure invoice is received and processed, this gives you a chance to amend with PO number etc if necessary 6.Find out the name, direct number and email of the helpful person in Accounts Payable and get on their good side!  7.Watch out for signs of trouble ie have the sales team briefed to watch for signs such as change in ordering patterns, ordering from other suppliers etc 8.Watch out for change in payment routines or calls starting to go unanswered etc 9.Keep within agreed terms, react quickly and record all conversations, ring back when arranged and follow through 10.Refer accounts promptly to LCMS when necessary to maximise collection and keep the door open for your customer to continue doing business with you.  We can come along and share our expertise with your Accounts Receivable team.  Give us a ring or email sales@lcms.ie and we will contact you to discuss your requirements.  Siobhan Philips Tue, 22 Sep 2015 19:18:00 GMT f1397696-738c-4295-afcd-943feb885714:10 https://www.lcms.ie/News/tabid/254/ID/9/What-can-LCMS-do-for-your-business.aspx#Comments 0 https://www.lcms.ie/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=254&ModuleID=750&ArticleID=9 https://www.lcms.ie:443/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=9&PortalID=1&TabID=254 https://www.lcms.ie/News/tabid/254/ID/9/What-can-LCMS-do-for-your-business.aspx Here is a quick run through of what we can do to help you reduce that debtors listing and keep the money coming in, so you can work on growing your business. LCMS provide various services to look after all your credit control needs including the following: Outsourced Credit Control - a designated member of our staff rings your customers on your behalf and processes payments along with liaising with your accounts department to clear up any queries your customers may have.  The customers are not aware that the person ringing them is not based in your office.  This service is proven to be more cost effective and results driven than in-house credit control. Telephone and Letter Collection - For the slower paying accounts, we can issue a letter from ourselves followed up by a phone call and then if necessary, issue another letter and another phone call, giving your customer every opportunity to settle the account.  Legal - we also have a legal team in place along with a panel of extremely experienced solicitors, who can process to the summons stage, if you feel you would like to move non- payers to this route. At all times, we strive to collect in monies due to you, in the most efficient, professional and cost effective manner.  We also pride ourselves on maintaining a professional and quality relationship with your customers, to enhance the opportunities for future business.  We have the facility to collect and monitor part payments, giving your customers the chance to pay the account over an agreed time frame.  Our clients have 24hr access to the online Client Portal and can see a record of each correspondence sent and a report on every phone call made and actions taken, including the customers comments and our representatives response, to ensure that you know exactly what is going on with every account, at all times.  You can report back to your account manager on any correspondence or payments received from your customers to ensure open communication between all parties, at all stages in the process We have a variety of packages available including a fee per account basis or a percentage of fees collected, depending on the service used.  The best approach is for us to review your overdue accounts and offer a package that is most cost effective and efficient for your needs.  We would gladly provide a free consultation meeting to put together the ideal package for your requirements.  We can also provide in-house training for your accounts team on best practises in Credit Control and a review of current procedures to ensure that records and current procedures are offering you the proven maximum opportunity for collection of accounts. LCMS is situated in Naas, Co Kildare and has been operating since 2004.  We look after the credit control for many high profile businesses and testimonials and references are available for you to see at our initial meeting.  Give our sales team a call on 087 9632195 (Colin Sunderland), 087 2029067 (Paddy Nolan), 085 8534044 (Siobhan Phillips) or 087 7851526 (Tara Lane) and we can schedule a quick meeting with you, to show you all that the Client Portal offers and to give you a costing on addressing your credit control issues.  Think of all that you could do with the monies that are due to you and how you could use the revenue in your business rather than being owed the money. Siobhan Philips Tue, 15 Sep 2015 13:26:00 GMT f1397696-738c-4295-afcd-943feb885714:9 https://www.lcms.ie/News/tabid/254/ID/8/A-week-of-Networking.aspx#Comments 0 https://www.lcms.ie/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=254&ModuleID=750&ArticleID=8 https://www.lcms.ie:443/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=8&PortalID=1&TabID=254 https://www.lcms.ie/News/tabid/254/ID/8/A-week-of-Networking.aspx What a busy week we have had in LCMS.  The week started off with the four new staff joining us on Monday to get settled in and start training in the services that we provide for our clients.  I am one of the new recruits and have moved to LCMS as the Sales and Marketing Manager to inform businesses throughout Ireland of the many services that LCMS provide.  Having previously been involved in business for the last 14 years and providing book keeping services to businesses, I know all about the problems caused by lack of cash flow into a business.  Having had the privilege of working with the North Kildare Chamber for the last 16 months, I have worked closely with many Kildare based businesses and look forward to continuing to do so. I sat with the credit collection team, listening to the team calling on behalf of clients to collect payments for them.  On hearing the overdue accounts being settled by credit card or promise of transfers or cheque payments, it struck me that while business owners are out doing what they went into business to do, the LCMS team were doing what they do so well, increasing cash flow their clients and decreasing debtors listings.  I could have done with the service myself years ago when I was the sales team, the marketer, the HR expert, the accountant and the tea maker, all at once!   The highly skilled team take care of that major headache, credit control, while maintaining a very positive relationship with the companies’ clients.  If I had engaged the services of LCMS then, where would my business be now?  Still in existence I think. I met many fantastic businesses in my first week, many whom I hope to work very closely with for a long time.  The Wednesday morning networking meeting in the North Kildare Chamber office brings extremely proactive business owners together to network, support and learn from each other.  The feeling of comradery is huge and you know that the other networkers genuinely want your business to succeed.  If you need a service and it’s not represented in the room, you can be sure someone can point you in the right direction. We also took to the road to Wexford to the Wexford Chamber Business Expo and again I was blown away by the quality and variety of companies represented.  There was a tremendous energy in the room and lots of swapping of cards.  We made some great contacts and I look forward to travelling to Wexford regularly to meet with our Wexford based clients.  We also have an office in Gorey and two account managers based in Wexford so there is lots of support for our clients down in the sunny south east.  Next week is a busy one including lots more networking, Women in Business with Kildare and Meath Local Enterprise Offices on Monday evening in the beautiful Carton House  Hotel, Naas on Wednesday and I am going along to another networking on Thursday morning so I should have my 60 second pitch down pat by then.  If you are not a member of your local chamber, I would strongly recommend you check them out, the networking is only part of the chamber experience, wait for the awards night, now there’s a party! If you would like to discuss how LCMS can help you keep the money flowing in, contact the sales team on sales@lcms.ie or you can give me, Tara Lane, a ring on 087 7851526 or email me on taralane@lcms.ie. Looking forward to seeing you soon, maybe at a networking meeting if not before.  Meanwhile check out your local chamber website, here's the North Kildare Chamber link. Siobhan Philips Sat, 12 Sep 2015 20:39:00 GMT f1397696-738c-4295-afcd-943feb885714:8 https://www.lcms.ie/News/tabid/254/ID/7/The-LCMS-team-has-expanded.aspx#Comments 0 https://www.lcms.ie/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=254&ModuleID=750&ArticleID=7 https://www.lcms.ie:443/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=7&PortalID=1&TabID=254 https://www.lcms.ie/News/tabid/254/ID/7/The-LCMS-team-has-expanded.aspx Exciting News, LCMS have created 4 new roles and have moved into larger offices in Ladytown Business Park to allow for further expansion in the coming months. We provide vital Credit Control Solutions to companies throughout Ireland and have a variety of services to suit organisations of all sizes, from sole traders to government bodies. The news roles are in the credit collection and client management departments, to service the increase in the client base. Tara Lane has also been appointed Sales and Marketing Manager.  Tara is well known by Kildare based businesses as she was formally with the North Kildare Chamber. “I am delighted to join the LCMS team and look forward to working with businesses to improve their cash flow and decrease their debtors lists.  As we exit the recession, it is imperative that companies keep their debtors list down and LCMS provide a cost effective and efficient service.   I look forward to meeting with business owners over the coming months and working closely with them to improve their cash flow.” One of the many services provided by LCMS include outsourced Credit Control Solutions.   This service is particularly cost effective to an organisation that may have to replace a member of staff who is on leave or need to expand the credit control team.  The LCMS team are all highly skilled in collections and the company will also have 24hr access to the online Client Portal so they can see the status of overdue accounts at all times.  For a free consultation on how LCMS can help you with your Credit Control management, contact the sales team on sales@lcms.ie or 045 431143. Siobhan Philips Mon, 07 Sep 2015 15:33:00 GMT f1397696-738c-4295-afcd-943feb885714:7 https://www.lcms.ie/News/tabid/254/ID/6/Visit-us-at-the-Wexford-Business-Expo.aspx#Comments 0 https://www.lcms.ie/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=254&ModuleID=750&ArticleID=6 https://www.lcms.ie:443/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=6&PortalID=1&TabID=254 https://www.lcms.ie/News/tabid/254/ID/6/Visit-us-at-the-Wexford-Business-Expo.aspx LCMS are delighted to be exhibiting at the Wexford Chamber of Commerce Business Expo, held at the Wexford County Hall on the Newtown Road on Thursday 10th June from 10am to 6pm. This exhibition promises to be well worth a visit with a superb lineup of exhibitors and speakers. Our complete sales team will be available to discuss how we can work with you and your credit control team to decrease your debtors list and increase your cash flow.   We have a variety of services that can be tailored to suit your needs including outsourced credit control to cover situations such as staff shortages or maternity leave. This service is proven to be extremely cost effective and instant so you don’t have to recruit and then train in new staff. We can start contacting your debtors the day after you hand over your debtors list and you will see great progress being made on the collection of overdue accounts within a few days. Your customer is not even aware that the person who contacted them isn’t even sitting in your office! Come and visit us at Stand 93, meet our sales team, view our online Client Portal and we can discuss how we can help you improve your credit control. You can see more about the Wexford Business Expo 2015 here. Siobhan Philips Wed, 02 Sep 2015 20:48:00 GMT f1397696-738c-4295-afcd-943feb885714:6 https://www.lcms.ie/News/tabid/254/ID/5/LCMS-have-moved.aspx#Comments 0 https://www.lcms.ie/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=254&ModuleID=750&ArticleID=5 https://www.lcms.ie:443/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=5&PortalID=1&TabID=254 https://www.lcms.ie/News/tabid/254/ID/5/LCMS-have-moved.aspx Hello everyone,  LCMS have moved to larger premises to service growing markets, as companies expand due to growth in the economy. With our expanding team and an increased range of services, we have a solution for all your Credit Management needs. As we exit the recession, it is vital to keep your debtors list under control and to free up revenue to sustain growth. LCMS specialise in providing a professional, confidential Credit Management service for your organisation. The highly skilled LCMS team become an extension of your accounts department, handling your credit control in an efficient, consistent and understanding manner. We handle accounts from a single overdue account to an extensive list of debtors. All our services are on a 'no collection, no fee' basis. The business owner is involved at every stage of the process and they have 24 hour access to the LCMS Client Portal to check the status of any client account. Detailed records are kept on each individual case and our team strive to maintain a positive relationship with your clients.  Our sales team would welcome the opportunity to discuss how we can help you collect overdue accounts and improve cash flow, leaving you to run your business without worrying about the collection of money that is due to you.  Please feel free to give us call on 045 431143 for a free consultation. Our new home is located at W6B Ladytown Business Park, Newhall, Naas, Co Kildare. Regards, The LCMS team.  Siobhan Philips Wed, 19 Aug 2015 15:13:00 GMT f1397696-738c-4295-afcd-943feb885714:5 https://www.lcms.ie/News/tabid/254/ID/2/Are-you-keeping-track-of-your-cash.aspx#Comments 0 https://www.lcms.ie/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=254&ModuleID=750&ArticleID=2 https://www.lcms.ie:443/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=2&PortalID=1&TabID=254 https://www.lcms.ie/News/tabid/254/ID/2/Are-you-keeping-track-of-your-cash.aspx By Chloe Thomas Creditsafe Have you ever been in the situation where you’re sat in your office wondering ‘where is all my money going?’ It started off great; you had a plan, a team and the funding to start your own business, but now six months down the line your cashflow is starting to struggle. What can you do? Does everyone starting their own business go through this? The answer is probably yes. Most new businesses take time to find their feet and get into the flow of running their own business, so take a deep breath and stay positive. There are good and bad points when you first start off and throughout the running of your business for that matter, however there are some things you can do to try to get your cashflow on the healthy track. The first thing you need to ensure is that you are getting paid, consistently and in the full amount. As cash is king this may be an obvious priority for a business, but so many businesses go unpaid for long periods of time, meaning they lose out on massive amounts of money and allow their cashflow to be severely disrupted. There was £12,567,889,275 worth of debt in the UK last year alone, so keep on top of your finances and make sure more money is coming in than going out if you want to make a profit. Your cashflow should be your main priority in terms of running your business, you need to protect and nourish it. Many businesses hesitate to enforce a cash collection service or get legal advice when owed money, but if you are having continuous trouble with certain customers who are refusing to pay you, there are various options available to you. You can use a cash collection company or appoint a solicitor to chase your debt for you, or you could do it yourself starting with debt chasing letters. Creditsafe offer Debt Chaser, a letter sending service that chases your debt for you. So if you need a bit of guidance, you can choose from a range of different templates and control how often the letters are sent out. Now that you have taken care of the money coming in, maybe now is a good time to monitor what is going out. There will always be out goings for a business, even if it’s just for the office alone. Bills will always need to be paid to keep the business going, but you can control these to an extent. If your cashflow is struggling and you find yourself with less money that you would like at the end of the month; cut back on luxuries. For example, if you have an office in the most expensive part of town, move to a cheaper location. Or if you are paying out for all the latest equipment and software for your office, you could downgrade if it’s not essential to your business. The biggest tip we could give is to live below your means when a business is struggling with cashflow. Once you have established where you could potentially be losing money, it’s time to build it back up. Hiring the right people and having the right team around you could double your sales if done correctly. Take your time when hiring. Hiring managers have admitted that one in five of their team shouldn’t have been hired in the first place- so don’t rush into it. Spend some time figuring out the role you are searching for, and what that role entails. Think of the kind of person you want and what qualifications you want them to have. Be very specific in your job advert, and be picky in interviews. Make sure you choose people who will care about your business and work to the standards you expect. Once you have consistent money coming in, controlled money going out and the right team behind you, you can then focus all your efforts on to getting the right business. Doing business with a company that will consistently pay you and not cause you any trouble is arguably hard to find. Credit checking is a very secure way to check that a business is creditworthy enough to do business with. A Creditsafe credit report will give you an over-all score of 0-100 of creditworthiness; taking into account their whole credit report. It will also offer you the company’s credit limit, director information, key financials and any adverse CCJ information. Choose to check the summary page and have all the key details of the report grouped together for you or alternatively you can delve right into the report and check their financial report going back over the previous five years. Always credit check potential customers before approaching them to do business; either find them yourself or use Creditsafe’s Marketing Prospects which gives you a previously vetted checked lists of potential customers. Don’t let your business spiral out of control, ask yourself these key questions and know where your money is going in your business. SuperUser Account Fri, 26 Jun 2015 06:20:00 GMT f1397696-738c-4295-afcd-943feb885714:2 https://www.lcms.ie/News/tabid/254/ID/1/Welcome-to-our-News-Feed.aspx#Comments 0 https://www.lcms.ie/DesktopModules/DnnForge%20-%20NewsArticles/RssComments.aspx?TabID=254&ModuleID=750&ArticleID=1 https://www.lcms.ie:443/DesktopModules/DnnForge%20-%20NewsArticles/Tracking/Trackback.aspx?ArticleID=1&PortalID=1&TabID=254 https://www.lcms.ie/News/tabid/254/ID/1/Welcome-to-our-News-Feed.aspx Hello all and welcome to the LCMS news feed.  We hope we can share some valuable articles and information on credit management and debt management, helping you and your business along the way.  SuperUser Account Sun, 05 Apr 2015 06:19:00 GMT f1397696-738c-4295-afcd-943feb885714:1