What our clients say
We understand that your busy work schedule does not always allow for debt recovery to take top priority. Because unpaid debt can have a potential knock-on effect to cash flow it is important to address the issue, however, most companies lack the time and personnel to proactively follow up on late payers. That is where our company comes in handy. We are proud to be an extension of your business and recover the debts of your company. That way we will help you save a lot of valuable time and money in the process.
We also understand that maintenance of client relations is essential for companies; therefore, with out debt recovery services, we work to resolve all matters speedily and professionally without causing damage to your brand’s reputation.
If you have accounts that have remained unpaid for a considerable period of time, our debt recovery services can seamlessly accelerate payment from reluctant payers. By implementing effective experience and continuity into the debt recovery process, cash flow problems will be a thing of the past for your company.
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“Debtor management software can make the whole process easier and more convenient for both you and your customers. This software can help you automate the process of sending out invoices and collecting outstanding amounts. It also gives you a more personalised approach to your customers and allows you to answer their questions online. It will help you save up to 50% of your time on debtor management.”
We can tailor our debt recovery services to your specifications. Together we will discuss the options and come to an agreement on how to pursue your outstanding debts.
Our professional team of debt collectors can take charge of your accounts receivable fully or partly, or we can operate on a one-off project basis. We can discuss and come to an agreement about how you would prefer to outsource your accounts receivable process. Our low commission rates are only charged on monies recovered and the success rate will depend on what stage each individual account is handed over to us. In fact, the sooner you pass over the account to us, the higher the collection rate would be. Hence, the commissions would be lower. It is as simple as that.
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The pre-legal debt recovery services are developed to increase debt collections without the need to take legal action in any form; therefore, not having to instruct lawyers who will charge a fee by the hour.
Our proactive process will get you the desired results. On the other hand, we prefer to be open and transparent about our debt recovery services. Debtors may not pay for a plethora of reasons, such as insolvency, not having received the invoice, the debt being disputed, cash flow being tight, their circumstances have recently changed, and much more.
“If you’re thinking of writing off small amounts of business debt, here’s a good rule of thumb: don’t do it too often, or it’ll cost you in the long run. You should also take some steps to minimise your bad debt, such as writing off debts owed jointly and avoiding overdue invoices that can limit your cash flow.”
We will establish the reason right at the outset and report back to you, allowing you to make an informed decision on how to proceed.
There are numerous options we can offer at this point, all of which are explained including the pros and cons of each option; therefore, you can be clear of the procedure to follow.
Alternatively, you can provide us with parameters within which to work and we will endeavour to recover the outstanding debt for you.
“Debt management software can also help your business comply with regulations regarding debt management. It allows you to keep an eye on debtors’ behaviour and records, and protects you from violating the laws and regulations governing debt collection. It can also help you report credit history to credit bureaus, so you can see if a debtor can pay his or her debt. Another benefit of debt management software is its ability to create a client-facing dashboard that shows balances and pending payments.”
Being An Entrepreneur Has Its Issues
As an entrepreneur, you will be up against numerous issues and obstacles. Your goals must be reevaluated for both your business and your personal life. You should stay focused and not lose sight of your main objective regardless of how bad it gets. There are roadblocks that every business must deal with, and some are not even the fault of the business owner, but they should be overcome just the same to have a successful business. To keep yourself going forward you have to continually keep reviewing your progress compared to your objectives.
Like every business, the lack of funds is what prevents it from going forward. You are going to find that starting a business online doesn’t require as much money as starting a business offline but it does still require some money. If you truly would like to start up a business but lack the funds, then you can find an investor or partner. To get the money for your business, you have to show a two year business plan to the lender or to the potential investors.
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If you have a family at the same time, you must find a balance to manage the business while keeping your family content. You cannot forget about your family, but your business needs to have the right amount of time to become profitable. You must have a family that realizes that you might need to spend additional time at work, but you have to realize that your family needs your time too. It won’t be worth much if you make a business successful, but lose your family. You will need to make an extra effort to figure out balance between devoting time with your family and your company.
Before you launch your business, you need to determine the amount of time and money you are prepared to devote. If you find yourself feeling insecure about your business, or probably your age, you must learn how to get over these feelings. You should have the confidence and the conviction that your business will be successful no matter what within a particular period.
Having the ability to manage a business is extremely tough and requires lots of time, energy and money. There are certain things that you will need to sacrifice if you want your business to achieve success. Your business will be successful if you have very clear targets, and driven to become successful plus you have the full support of your family.