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 […]

Cash Flow For JMA 4 Tips to Minimise Customer Bad Debt and Maximise Cash Flow

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 […]

Debt Collection Guidelines Legal Guidelines and Other Best Practices For Debt Collectors

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 […]

The importance of cash flow Improving Your Business Cash Flow with Better Debt Collection and Recovery

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 […]