In 2010 I mentored a young carpenter named David who was based in Sydney’s Eastern Suburbs and helped him put in place a strong set of Terms of Trade for his new business. I also successfully helped him to collect some outstanding debts that were causing him concern.
Five years later David has now risen to become General Manager of a large start-up Company based in Botany that will manufacture high quality furniture. He contacted me for help in protecting his new Company with a set of Terms & Conditions of Trade for use in his Contracts as well as his Credit Application.
David has also signed up for our Credit Checking Service through Veda, Australia’s largest Credit Reporting Agency. This will enable him to check out the credit worthiness of companies and individuals who are seeking such from him, and also receive a free warning email if any client encounters an adverse financial event. The brilliance of this monitoring system through Veda is that the business can put a stop to all further credit and to collect what is currently owed to them immediately in the event their client defaults, has a judgement recorded against them, a change in the company status, the list goes on.
Our efficient Debt Recovery Department is well-known to him, so he has signed up for this. It means that any Defaulting Debtor is liable for all collection costs, as well as all legal costs if he needs to take his debtor to court. David also has 24 hour access to check the status of any debt recovery activity and can advise his Board of our progress in real time.
The bottom line here is PEACE OF MIND. We will help David to protect this new business and allow him to get on with growing it, safe in the knowledge that we are there for him when we are needed.