When you require the services of commercial debt collections you will need to use a reputable company that can offer you with a range of full services. Below are some of the steps that are followed for a successful program for commercial debt recovery. 1.Investigation Resources will be used to analyze and gather the correct… Read more »
Author: ncs_collector
Corporate insolvencies worst rate in over a decade
More than 900 businesses collapsed into external administration in June 2013 with Australian company insolvency reaching its worst point in recent history. In a post on www.smartcompany.com.au 28 August it was reported that companies in the retail, construction and mining industries are particularly vulnerable to collapse as the economy continues to struggle in key areas.
Cashflow Crisis – Businesses now taking 54 days to settle payments
The financial health of the small business community has been called into question, with payment terms deteriorating to a shocking 54 days. In a post on www.smartcompany.com.au 13 August it has reported that the federal government is asking businesses to pay invoices on time in business-to-business relations, with the release of a proposed new code of… Read more »
ITSA changes its name to AFSA
In a post on www.itsa.gov.au it has been advised that from 15 August 2013, the Insolvency & Trustee Service Australia (ITSA) will be known as the Australian Financial Security Authority (AFSA). The change is in name only – our services remain the same.
Play fair and pay on time – new government payment protocols
In a post on www.smartcompany.com.au 25 July it has noted that the federal government is asking businesses to pay invoices on time in business-to-business relations, with the release of a proposed new code of conduct. Play fair and pay on time – government proposes payment protocol for businesses The federal government is asking businesses to pay… Read more »
Small businesses owed more than $10k in overdue debts
In a recent article posted on www.smartcompany.com.au it has been revealed that the average small business is owed $11,588 in overdue debts. Small businesses need to be more aggressive in chasing down bad debts, the sector has been warned, with research released today showing the average SME is currently owed $11,588 in overdue debts. The release… Read more »
Debt Collection – What to do when customers don’t pay Part 3
Today we explore Part 3 of the 10 easy steps to manage debt collection and cash flow issues in your business. Click here to review Debt Collection – What to do when customers don’t pay Part 1 or Part 2. “Chase overdue accounts immediately” Start the collection process the day after the bill becomes due: The longer a… Read more »
Debt Collection – What to do when customers don’t pay Part 2
Today we explore Part 2 of the 10 easy steps to manage debt collection and cash flow issues in your business. Click here to review Debt Collection – What to do when customers don’t pay Part 1, and come back soon for Part 3. “Ensure your business has a sound process in place to track and collect… Read more »
Debt Collection – What to do when customers don’t pay Part 1
Collecting overdue accounts can seem to be a major hassle for SMEs, but the impacts of not staying on top of debtors can be devastating to a business. Whether you’re a small or medium sized business, you deserve to be paid on time – no matter who your customers are. Here is Part 1 of the 10 easy steps to… Read more »
Quantum Credit Management Debt Collection Acquires National Collection Services
Quantum Credit Management is pleased to announce that we have acquired National Collection Services, creating one of Australia’s most progressive debt collection agencies. This brings together the best of both, to offer outstanding debt collection and coordination of legal services for our clients. We will operate as National Collection Services and are focused on a rapid and seamless transition to enhance customer value even more by… Read more »