We have never been in this position before, so we can confidently say its unknown territory for us all. An interesting article recently stated “Australian Securities and Investments Commission (ASIC) chairman James Shipton has warned that there might not be enough liquidators and administrators to deal with multiple corporate collapses. Speaking to the ABC’s AM […]
How to Choose the right Debt Collection Agency?
Debt collection, whether commercial or consumer, is one vital part of a comprehensive credit risk management system. When we hear the words “credit risk management,” or “Cash Flow” we may have a general idea of the meaning, but for the record, a comprehensive credit risk management system will use a wide range of “before and […]
Small businesses losing up to $7b cashflow from late payments, study finds
Small and medium businesses are losing access to as much as $7 billion a year because bigger companies are not paying their bills on time, according to a study. And late payments on outstanding invoices, worth $115 billion, create a “domino effect” on the broader economy by tying up cashflow. Those findings were based on […]
How to help deal with slow payers?
Customers: As the owner of a business, you rely on them, appreciate them and are extremely grateful for their business. In some cases, though, your customers also can be a source of frustration, particularly when they are slow to pay you for your goods or services. Slow-paying customers put a significant strain on any business. […]