International Accounting Day is celebrated on the 10th of November each year and acknowledges how this field of expertise helps businesses thrive. To honour this day, here are some top tips on how we can work with you to protect your cashflow.
Get those unpaid accounts sorted
Take the worry out of collecting old debts by using an ethical and reputable debt collection and resolution company. We understand that maintaining a healthy trading relationship with your customers is important so we can take the tough task of debt collection away from you and ensure that your customers are treated fairly throughout the process. We work on a six-simple-steps to success process:
- Load your debt online using our easy web portal
- We investigate and review the details of your debt
- We contact your customer and undertake debt collection activity
- We invoice you for a debt load fee per debt loaded at the end of the month
- We charge commission on every dollar collected
- Job done and cashflow improved
Reduce your future debt
Have you heard of the saying “protection as well as collection”?
That is something we encourage by ensuring you have robust terms of trade set up.
When you have correct terms of trade in place it means that you have extra security from potential liabilities, protection against loss of profit, and have a clear and concise legal relationship with your customer right from the beginning.
With over 30-years’ experience in financial services, our terms of trade team know the ins and outs of many industries and can work with you and provide documentation relevant to your field.
Health check your future connections
You wouldn’t generally hire a new staff member or rent out your property to someone without gaining references, would you? Doing the same for a new customer in the form of a credit report is a way to minimise your risk. We can run reports for both companies and consumers to ascertain if they are a potential credit risk, what’s more the information is updated on a daily basis so you can also keep track of current customers risk profile should anything change.
Secure your goods
If you operate a business that leases, rents, or sells goods, there is potential for things to go astray.
Registering a security interest against your personal property provides an added safeguard. If your customer doesn’t pay or happens to go into liquidation you have a higher chance of recovering your goods or something to a similar value.
It’s important that this these PPS Registrations are lodged correctly, and we can take care of all the hard work on your behalf.
You’re in safe hands knowing we can help facilitate the financial wellbeing of your business.
Call us today and one of the friendly team will be here for a chat about you and your business requirements.