Process
If you say you are going to take action – TAKE ACTION!
The worst thing you can do with a tardy account is let the debtor think they can get away with it.
You may not have the tools or ammo to coax payment like we do, however, a strict followup process (automatic or not) is the best way to avoid unneeded stress over bad debt. A weekly follow-up and solid final demand is a great, simple process to implement which can save you thousands.
Below is a template for a final demand. We find 40% of our clients recover their funds before engaging our services as a result of this notice.
Presence
You are not only a professional in your field, you are a professional business owner. Don’t let your admin and accounts work show any lack of confidence.
Simple changes such as precise information, clean invoicing and clear processes can show you are present in all areas of the business.
Many times we see invoices go unpaid as they were not a priority to the debtor. Let’s make you #1 on the payment list with a few changes.
Get the image pack below and add security to your invoicing and contracts. When creditormate is mentioned, your debtors may think twice!
Prepare
This is the largest bundle we can provide in our free services, dedicated to keeping businesses safe.
Instead of a solicitor reviewing your contract for thousands of dollars, we have a document full of the general items we suggest MUST be in your processes.
Whether you use purchase orders, quotes, invoices, contracts or verbal agreements, this information is here to protect you against the worst.
As with everything on this page – this is free. Templates and items that other companies charge bucketloads to get a glimpse at here for you, for free.
We are passionate in not only collecting debts but also preventing the need to begin with. Most of our conversations with clients revolve around teaching ways to mitigate unpaid invoices before disaster strikes. Even with this insight, it’s not enough.
To do all we can to assist, the above free downloadable content is for you to use in your business. Each item is here for a specific reason/situation/debtor type. They may not only help you avoid the need for our services, but assist us in recovery efforts if we are engaged.
Please feel free to use and explore the items available to best suit your business.
Important note: The resources and documents provided are general advice from the view of a collections agent. This should in no way be viewed as legal advice suitable to your specific business. We recommend any choices you make be reviewed by a legal professional.