Business Agreement Advice – Setting Up Trading Terms
eCollect and E C Legal staff members are available to provide advice based on their extensive experience in the debt recovery business.
Your first step should be to have a set of documents that clearly record your standard trading arrangements
We have pro-forma documents in Word format that you can purchase and edit to your requirements. These include:
This document provides a basic credit application. A written credit application is important for a number of reasons including ensuring the correct identification of the debtor, preserving your right to title and making the application of the trading terms and conditions clear.
Trading Terms and Conditions
This document provides a basic Trading Terms and Conditions.
Credit Acceptance Procedures
This document provides instructions to you and your staff about how to create a favourable trading arrangement for your business.
Personal Property Security Register (PPSR) Advice
This new legislation has created a single registry for retention of title claims – meaning you keep documented ownership of your goods until they have been paid for. eCollect can review your trade and credit documentation allowing you to register your security interests on the PPSR, placing your business and your goods at a lower risk from the bad debts of customers should they default.
The cost of each of the documents is $55.00 inclusive of GST.
If you need help tailoring these documents to your business needs, eCollect and E C Legal can assist. Each of our senior staff members have a set hourly rate for this service.
The advice can cover:
Development of credit acceptance procedures.
Use of proper credit applications – how to best secure the amount owed using effective but understandable legal documentation including personal guarantees, retention of title documentation and other securities.
Internal credit collection policies and procedures – how to move early to prevent bad debts – using letters and telephones to increase.
Invoice & statement design.
Contact us to discuss your requirements.
If you run a small to medium sized businesses and do not have a specialist credit manager, we can train your staff to improve your business and reduce your bad debts.
eCollect can provide a service to allow outsourcing of your entire receivables management process.
Repayment Arrangement Management
If you have debtors who are paying you over time, eCollect can manage this repayment arrangement process. We have automated systems that provide the necessary reminders debtor action at far less cost than having these activities completed by your staff members.