We are able to assess your procedures and enhance the process of collecting aged debts with a realistic and professional approach.
Another service we offer some clients is to manage all unpaid accounts that have past a certain ‘age’ to assist with the seamless management process and allow your staff to concentrate on more productive work than endless chasing invoice payments.
To reduce bad debt is often as easy as changing procedures and attitudes of an organisation. Reviewing your process is essential to plan ahead for all contingencies. It is clear that many businesses will be suffering from cashflow issues in the current economy, why should you act as a ‘bank’ allowing extra credit when its not reciprocated by your bank or suppliers – this goes to the core of most business failings, lack of cash flow due to late payments.
We can assist with streamlining your invoice and collection process, put in place reasonable damages for default in your Terms and Conditions accepted by the customer from the outset.
The What if …
Many businesses fail to understand that certain contracts are far too risky in the event that they fail. ‘What if we sign this life changing contract’ …It is often far more prudent to have 10 smaller contracts than 1 large contract …. We can assist in risk management in these situations to ensure that the contract you sign protects you for the future.
Contact us today and learn what we can do for your business.
