Thursday, 26 October 2017
The Pro-Collect Debt Collection Approach
Outstanding debt is something that every business, at some point, is going to face. Whether your business is small or large, some invoices just don’t seem to get paid on time. No matter how hard you try, there’s always going to be someone who doesn’t want to pay. One way to recover a bad debt…
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Thursday, 5 October 2017
Debt collection for small businesses: Tips & Tricks
At some point, every operating business whether large or small has had to face, or will possibly have to face, a situation involving debt collection. In today’s fast-paced economy, some customers may be having more difficulty than normal paying their overdue debts. For small business owners, navigating these waters can be a little tricky. Recovering…
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Wednesday, 16 August 2017
Everything You Need to Know About Collecting a Debt
Want to know how to collect on that past due invoice? Don’t know where to start? Feeling awkward about how to approach the individual who owes you money? There’s no need to worry! This blog contains everything you need to know about collecting a debt. When it comes to debt collection, there are so many…
Read MoreHow to Collect Debt for Small Businesses in Australia
Effective Small Business Debt Collection Procedure A good collection procedure ensures that by collecting debts owed to you, any sales made will add to the profitability of your small business. Without sound debt collection procedures, regardless of what the profitably was in the sale, unless you receive payment the job becomes nothing more than an…
Read More5 Steps for Effective Corporate Debt Recovery
Sound collection procedures and processes do not always stop bad debt occurring. The important step is knowing how and when to increase the severity of the action to be taken to recover these bad corporate debts. Early communication with the debtor is on one of the key steps to ensure recovery of the debt. This contact needs to…
Read More5 Tips for Managing Accounts Receivables for Small Business
Accounts Receivable is an unavoidable aspect of business as invoices are sent out periodically for payment of work completed. Managing your accounts receivable process can be difficult and time consuming work. Here are a few tips:- Maintain correct customer records Clearly indicate payment terms Offer settlement discounts or instalment plans Use an aged trial balance Outsource Know…
Read MoreLegal Guidelines for Debt Collectors
The ACCC has set Debt Collection guidelines for organisations involved in the provision of Debt Collection services and Debt Recovery activities. Organisations involved in providing these Debt Collection services need to be aware of their obligations and ensure they adhere to these guidelines. Contact with the debtor by the Debt Collection agency should always be…
Read MoreAre You Feeling Like Your Business’ Accounts Receivables are Out of Control at the Moment?
After the dust has settled from tax time, many businesses become painfully aware that their bad debts are worse than first thought. Are you feeling like your business’ accounts receivables are out of control at the moment? Let us assist with your cashflow. Our team of debt collection professionals at Pro-Collect are here to help…
Read More7 Reasons Why Bad Payers Hate Debt Collectors
It’s a rare business that doesn’t have at least a few outstanding invoices that just seem to never get paid. One way to recover at least a portion of the money from those bad debts is to refer the debts to a business debt collector. Even just mentioning the possibility of a debt collector entering…
Read More4 Steps to Lowering Your Days Sales Outstanding (DSO) Forever
TThe heart of any business will stop beating unless the business maintains an uninterrupted flow of cash. This cash isn’t found in unsent invoices or unpaid invoices. It’s the real, received cash that is physically in your account. Each day your company’s “heart” is denied access to paid cash, your business is also denied the ability to generate more revenue.
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