6 Reasons to Partner with a Debt Collection Agency

6 Reasons to Partner with a Debt Collection Agency

Outstanding debt is one of the most common problems that many business owners face today. They are stuck with unpaid invoices and have no knowledge on how to collect them from delinquent clients. If this sounds like you, it may be the time to work with a collection agency. Hiring a collection agency liberates you […]

Useful Debt Collection Strategies for Small Business

Useful Debt Collection Strategies for Small Business

At some point, every business will encounter a situation where a customer fails to pay on time or refuses to pay altogether. Though these situations are notably frustrating, you must respond in an appropriate manner. If you are struggling to collect a payment, follow the below strategies that let you recover debts successfully. Give A […]

Debt Collection Guidelines and collection process in Australia

Debt Collection Guidelines

A good cash flow management and debt collection process acts as an elixir for the survival of any business, especially small and medium enterprises (SMEs). One of the significant parts in business operation is to ensure that debtors pay their bills on time. There is a risk of exhausting your operating capital and compromising on […]

How to Avoid Invoice Disputes With Customers Who Owe You Money

As a business owner, the most common problems you’ll face are dealing with disputed invoices and delayed payments. These issues not only take up your credit controller’s time, but it also hinders your cash flow significantly. For most companies, however, invoice disputes and late payments are inevitable. That’s why it’s important for you to be […]

How to Manage Client Relationships for Timely Payment

As a business owner, one of the most important things to keep in mind is your relationship with your clients. Having strong client relationships can help propel your financial success by generating steady sales, repeat customers, and a consistently healthy cash flow. On average, it takes around 38 days before a small business invoice gets […]

5 Reasons Why People Don’t Hire a Debt Collector – And Why You Should

One of the most common problems many business owners face is collecting debt. At some point, you’ll encounter clients who don’t pay on time and this can be detrimental to your business. Unpaid invoices can disrupt your cash flow, hinder the growth of your business, and drain your resources like your time, money, and energy. […]

The Struggle of Australian SMEs in Collecting Payment From Clients

Delayed payments are one of the most common dilemmas many business owners face. It’s not that easy to go after clients due to unpaid invoices, but it’s something that comes with owning a business and it should be dealt with accordingly. If not, uncollected payments can cause quite a few issues like disrupting cash flow […]

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 […]