I recently met with an employment agency based in the CBD of Sydney. They had lost a lot of money because of non-payment of commission that was owed to them by one of their clients.
After assessing their current situation it was recommended to the owner to implement EC Credit Control’s proven range of Credit Control products and services. The outcome is the agency now has a legally binding set of Terms & Conditions of Trade for use on all of their Credit Applications.
This means that in future a debtor who defaults will be liable for all legal costs as well as all debt recovery costs, putting our the agency in the position to be able to recover all costs they incur when collecting money.
They are also using the marketing leading Credit Checking services of Veda. So, they are now able to check the credit worthiness of new clients who are seeking credit terms.
In addition Veda have assisted the agency in setting up a monitoring system over the big clients to ensure they receive a warning email if an existing client encounters an adverse Financial Event. In our experience such an occurrence quite often sees a business as being on the slippery slope to Receivership or Insolvency.
If you are in a similar position let us discuss with you how to better protect your hard earned money and ensure that you are paid in full and on time.