4 Tips to Minimise Customer Bad Debt and Maximise Cash Flow

Cash Flow For JMA

Money makes the world go round, or so the saying goes. It is not exactly true in most cases, but we can agree that when it comes to businesses, it should at least be considered as one of the most, if not the most consequential aspect of the business. It is, after all, what ultimately […]

Legal Guidelines and Other Best Practices For Debt Collectors

Debt Collection Guidelines

Getting your money back from a debtors is important for your business, but that doesn’t mean you or the debt collection agency you hired can harangue, threaten, or harass them. Moreover, you as a creditor can even be held liable by the law in case your debt collector harasses your borrower, as well as uses […]

Improving Your Business Cash Flow with Better Debt Collection and Recovery

The importance of cash flow

Although a business is profitable and seems to be thriving, business owners will sometimes find that their cash flow doesn’t seem to match the increase in sales. There are many causes of poor cash flow, including excess stock, overtrading, seasonal demand, pricing, and more. But the problem of poor cash flow can sometimes stem from […]

When Should Your Business Consider Hiring A Debt Collection Agency?

When Should Your Business Consider Hiring A Debt Collection Agency?

When chasing overdue payments from delinquent customers, there are a number of situations where hiring an Australian debt collection agency will be the most appropriate option for your business. Collection agencies are acquainted with the best methods to legally coerce debtors to pay and they increase your odds of collecting delinquent debts. But, how do […]

Outsourcing Debt Recovery Services

Outsourcing Debt Recovery Services

As the payments get delayed and piled-up, businesses rarely find time to track the customers and chase the payments.  Chasing delinquent customers distracts you from your core business and results in wasting time and money. Outsourcing debt recovery services to a reliable agency can help enhance the efficiency of your business while dealing with customers […]

How to Collect Small Business Debts?

The overdue bills can seriously compromise the access of your business to its working capital and eventually put you in peril. While prolonged debt collection efforts cost you more time and resources, there are certain proactive steps that you can adopt to make the collection job easier. They are as follows. Write Down Your Collection […]

B2B Debt Collection Process

There are several aspects that influence your business operation, but the debts can put the success of your organisation in jeopardy. After all, running a business is all about providing products or services in exchange for revenue collected from the clients. The clients can either be consumers or businesses that your company deals with. Business-to-business […]

How to Make Your Delinquent Customers Pay

How to Make Your Delinquent Customers Pay

As a business owner, you may have learnt the definition of delinquency. Dealing with delinquent accounts is often tough and demanding. After all, cash flow is vital for the well-being of any business. However, these customers will negatively affect the cash flow and impact your business’s operation. If you have these kind of customers and […]

How to Collect Overdue Debts from a Good Customer?

Collect Overdue Debts

So, you have got good customers who have placed significant orders in the past and may be doing so in the future, but not paying on time. When a customer does not pay on time, it results in cash flow problems, however, these are good customers who can fetch you more businesses in the future. […]

What All Businesses Must Know About Debt Collection

Debt collection guidelines and recovery

It can be extremely frustrating if someone owes your business money. They may be ignoring your emails, dodging your calls, or just being evasive. While unpaid debt is sometimes seen as a ‘normal’ part of business, it can be challenging getting the debt recovered by yourself. If you’re not at the stage of hiring a […]