Let’s Talk about Cash Flow and the “Smiling Lawyer” Test
Cash flow problems most commonly originate from customers not paying their bills within your stated terms of trade. If you would like to increase your cash flow and have a better relationship with your customers then your business needs correctly written, legally binding and enforceable Terms of Trade. In our office we have the “Smiling […]
Have you written off debts this past financial year?
WHY? 4 Common Reasons for Not Collecting Debt: Insufficient knowledge about your creditor before opening an account facility for them. Would you lend monies to someone you know nothing about? Have you used a credit agency to check your customer’s ability to pay? Did you know you can do this through the EC Credit Control? […]
A Critical Checklist for Your Business
The PPSA act introduced in 2012 is now in full effect. Many businesses are still not fully aware of the true requirement to comply with this legislation. Those companies that believe they are compliant need to relook at what they have in place. This is one piece of business legislation that has seen a lot […]
The PPSA and the Gatekeeper Mentality
Recently in my territory (which stretches from South Perth to Fremantle), I have had quite a few companies tell me they have the PPSA covered in their terms and conditions and this has been looked at by their lawyers/accountants. Mostly this isn’t correct and tends to be a standard line by those in the company […]
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 […]
The Importance of Terms & Conditions of Trade
Recently I met with a company south of Perth in the suburb of Bibra Lakes, just north of Fremantle. This well-established company, with four retail outlets is involved with supply and fitting of flooring. The management had pulled together some terms of trade based on what they had read on the Internet. When we analysed […]
Saved $20,000 with EC Credit Control
Recently I met with a client, Paul in South Perth WA to discuss the PPSA legislation. Paul was particularly interested in being able to have “secured creditor” status and not be liable for preferential clawback by the liquidators. During our conversation Paul stated that we were responsible for saving him approximately $20,000 dollars. “How?” I […]
PPSR Registration
On Friday 23rd January I was rushing to leave and go to a client appointment when a call came in from John, a customer who I saw in early December. John has a business in Bibra Lake, Western Australia. John had been struggling and wanted some advice on how to further protect his business. John […]
Protect your position with PPS Registrations
On Friday 23rd January I was rushing to leave and go to a client appointment when a call came in from John, a customer who I saw in early December. John has a business in Bibra Lake, Western Australia. John had been struggling and wanted some advice on how to further protect his business. John […]
EC Credit Control teams up with Tradebusters
EC Credit Control continues to play a significant role as the ‘go to’ for tradies in small to medium businesses. Now, by becoming a Tradebusters Academy Expert we have a greater reach in offering our debt recovery services, terms and conditions of trade and credit management products to tradies throughout Australia. Tradebusters, a leading tradesman […]