The Risk of Trading with Poor Terms of Trade
In the last week EC Credit Control has had several meetings with clients in the Liverpool and Macarthur regions of Sydney, in a wide range of industries. Across the board all have tried to create their own Terms Of Trade and upon review, or in some cases a painful bad debt experience, have found their […]
The danger of having no Terms of Trade in place
Another week and EC Credit Control have had several meetings with a variety of trade’s across the Campbelltown, Ingleburn, Picton, Camden & Liverpool areas of South Western Sydney. The stories are almost always the same – a small business community in South Western Sydney that believe Terms & Conditions of Trade can be copied from […]
Are Businesses Finally Learning How to Protect their Cash Flow with the PPSA?
I had a Creditors Report come across my desk today, which is not that unusual, but what was unusual is the number and types of businesses I saw listed as Secured Creditors, having obviously registered themselves as Credit Providers on the PPSR. (Personal Property Securities Register) Now whilst there were 262 Unsecured Creditors totaling a […]
Improving the productivity of your accounts department
A bathroom manufacturer in Hoxton Park was concerned about the amount of time his office staff had to spend on following up and chasing outstanding accounts. By having stronger Terms of Trade he realises that productivity will increase in the office by having the support of EC Credit Control to recover outstanding debt. He sees […]
Assisting the BEC to protect it’s clients
In Smeaton Grange near Narellan I am working very closely with the South West Sydney Business Enterprise Centre (BEC) to help their members be more aware of the benefit of implementing strong and effective Terms of Trade with the documentation for their businesses. The centre sees Terms of Trade as an integral part of a […]
Don’t let the excuse of defects prevent you getting paid
I recently met with a flooring tradesman in Hoxton Park who deals with both domestic and commercial clients. He was concerned about the way some debtors can use the principle of defects to either delay or not pay for work completed. After citing a particular example where he lost money he was very interested having […]
What does your accountant know about credit management?
I have sought the support of the accounting profession in communicating to business owners the benefits of having a strong credit management system in place. I have had many discussions with Accountants all over Liverpool, Ingleburn, Campbelltown and Smeaton Grange. I have found most Accountants keen to help their clients but not always aware of […]
Helping Bill with his bills
I had a meeting in January with Bill, who owns a waterproofing business in Smeaton Grange. The reason we were meeting was due to the fact Bill was frustrated with debtors getting away with not paying their bills (no pun intended). When we sat down together and looked at his current credit management system it […]
Another happy client paid in full
I recently visited Michael, who runs a roofing supply company in Moorebank, who is a long-term client of EC Credit Control. Michael was particularly interested in the application of the PPS Register (PPSR) for his business to become a secured creditor over their large account clients. Our discussion then led onto EC’s Debt Recovery services, […]
Terms of Trade and the PPS Register
In the Liverpool and Campbelltown areas I am currently working alongside a number of well-respected accountants to support and protect their small business clients by implementing good credit management processes into their businesses. During a meeting last week with David, an Accountant from Liverpool, we were discussing the advantages of Terms and Conditions of Trade […]