Yes. Many of our clients refer accounts in batches — either as part of a regular ledger clean-up or when a group of invoices has collectively passed a certain age. We can handle individual referrals and batch referrals, and the process is straightforward either way.
For a small number of accounts — the Refer a Debt form works well for individual or small groups of accounts. Complete a submission for each, or contact us and we can advise on the most efficient approach.
For a larger batch — contact us directly or request a consultation and we will agree a bulk upload or transfer process. Typically this involves providing an account schedule (a list of debtor details and amounts) along with supporting documents. We will confirm the format that works best.
Referring accounts regularly, on a schedule, is good credit control practice. It keeps the receivables ledger young, reduces the average age of referred debts (which improves recovery rates), and means no account is left to drift past the point where straightforward recovery is possible.
If you are not yet a Merion client and would like to discuss a batch referral, see the article on how to sign up as a client.
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