At a glance Financial stress is a serious problem in the business world, and if not attended to properly, it can result in the liquidation of the business. Here are some effective ways to address and resolve financial stress for business owners to bring about financial stability.
Continue readingMastering Debt Collection in Australia: What to Do and What to Avoid?
At a glance: Debt collection in Australia requires a strategic and professional approach. Conduct thorough research on debtors and establish clear payment terms and deadlines. Contact eCollect for comprehensive debt collection assistance and successful outcomes.
Continue readingHow to Handle a Situation Where a Valued Customer Experiences Bad Debt?
As a business owner or manager, you work hard to build strong customer relationships. A valued customer is someone who has been loyal, dependable and has contributed to the growth of your business.
Continue readingDebt Collection Agencies and Various Pricing Models
Debt Collection Agencies are an essential service for businesses and individuals looking to recover overdue payments from their clients. We offer professional guidance and expert services to recover debts, which are crucial for maintaining businesses’ financial health.
Continue readingWhy Should Small Businesses Credit-Check New Customers?
At a glance: The digital age makes finding information about people easy, but finding accurate contact info can be tough. Reasons for credit checking of new customers
Continue readingWhy You Shouldn’t Ignore a Debt Collection Agency If Approached?
“The debtor” is a common term for someone who borrows money. Quite often, the creditor (one who lends the money) may get in touch with a debt recovery agency.
Continue readingHow Can Small Businesses Better Manage Cash Flow Issues During The Festive Season
It’s the festive season! You know how that works – seasonal fluctuations are at their peak on either end of their scales. Some businesses are celebrating their busiest season while others are closing their doors, and others are halting production altogether (which means those bills aren’t going to pay themselves). Regardless, cash flow is one […]
Continue readingWhat Information Will The Debt Collection Agency Need For Successful Collection?
At a glance: Keep track of documents outlining payment and credit terms, such as contracts. Small businesses are required to maintain business records for at least five years. eCollect team will assist you with the collection of your outstanding debt.
Continue readingUnpaid Invoices – Here’s How To Fix The Biggest Cause Of Poor Cash Flow Management.
At a glance: Even profitable businesses may fail in the absence of proper cash flow management. When dealing with outstanding debts, it’s always best to have a commercial debt collector. Provide easy payment options to your customers, such as credit cards and direct deposit.
Continue readingThe Struggles Of A Small Business When Collecting Debt
As a result of rapidly-changing technology, regulations, and demographics, commercial debt collection faces a wide range of challenges. The highly mobile society we live in today makes it more difficult than ever to find and locate debtors. Although there is a surplus of information available on individual debtors, it can be almost impossible to sort […]
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