Overview:
They say cash is king and they are right. Without Cash flow your business cannot operate. That is why debtor management is so important when it comes to business.
When you are not paid you will struggle to pay your staff and suppliers and even worse yourself.
We offer a service where we manage your debtors from the day you invoice them, will invoice reminders, sms’s, telephone calls and default letters, to the time you hand them over to a collection agency for collection and blacklisting (which we facilitate).
We increase your cash flow by reducing your age receivable days and reduce the amount of customers you have to hand over for collection, as collection companies could charge you an absorbent fee to collect your money, and that is if you ever get paid.
We provide software that takes care of this for you, by collecting all the information relevant for collecting to money on a monthly basis, so that when a legal company is appointed, they have all the communication and correspondence to action Default Judgment, which will save you money as these companies will have all the relevant information to make the process so much easier.
Service:
Our qualified financial management staff will access your customer records through Xero and perform the below functions:
- Integrate each customer’s history and contact each customer to discuss payment
- We get an agreement on payment date or email the outstanding invoice with statement
- We will setup customised e-mail, sms and letter sequences for each customer or group of customers
- We will capture all notes in the CRM/Xero
- If your client disputes the invoice we will escalate the inquiry to the relevant person in your business and make notes on the system.
- We will communicate the progress with the customer and your company
- We will facilitate dialog until the issue is resolved
- We will follow up on all commitments and due dates with an e-mail, sms and/or phone call
- Based on the outcomes of the calls and communications with the customer we will either get payment or ask you to issue credit notes or hand over to a legal team
- You will get monthly reports and receive audio recording on request
You might also be interested in
Tax advisor – how to choose one and why you need tax advice
Tax hurts, as does doing your taxes. That’s a given. That’s why we use the word ‘taxing’ to describe something that is tiring and drains you. However, paying your taxes can also cost you more than it needs to. In some cases - a lot more! This is the fundamental reason...
The basics of registering a new company
There are a few things more exciting than registering a new company. There are also few things fraught with less risk, and with fewer pitfalls. This is common knowledge to all entrepreneurs – right from the point of inception for a business. What isn’t so clear from...
Advantages of an offshore trust on your tax structure
One of the most important aspects to tax structuring is the setting up and administration of trusts. Offshore trusts are especially advantageous with regards to your business and personal tax structuring. This is especially true for high net worth individuals who...
With over 23 years of unwavering expertise, I am a seasoned Chartered Accountant committed to financial excellence. My journey in the realm of finance has been marked by astute strategic insights, meticulous attention to detail, and an unyielding dedication to precision. Over the years, I've navigated the complexities of financial landscapes, providing invaluable counsel to diverse clients. My proficiency extends across auditing, taxation, and financial management, coupled with a profound understanding of regulatory frameworks. As a registered professional, I have consistently upheld the highest standards of integrity and ethics, earning a reputation as a trusted advisor in the dynamic world of finance.
