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Improve Your Cash Flow With Corporate Debt Collectors.

For any business, the efficient and delicate handling of debt collection is key to a healthy cash flow. Debtor management is complex and no matter how many times you've had to deal with it, it’s always a serious matter. In order to manage consumer payments, you'll need the correct procedures in place. read more...

What You Need Know About Collecting Debt During A Pandemic

Considering how long the pandemic and the related economic effects will last, there is uncertainty for many businesses. This is why amplifying the debt collection process will rank high on many businesses' priority lists so that they are able to secure and generate cash flow. Even though many companies are still fully operational and able to meet their payments obligations, more and more debtors are unable to pay, due to added pressure and uncertainty of the COVID-19 pandemic. read more...

The Steps Small Businesses Should Take When Chasing Debt

As a business owner, it is vital to keep a good relationship with your customers and contractors, especially, when having to deal with debt collection. Dealing with late payments while keeping a positive connection with your customers or clients may be difficult. So, getting external help from the professionals at eCollect is one method to de-personalise the collection procedures. Inform debtors that taking further action is not a personal decision and is out of your control. read more...

Don't Be (Too) Trigger Happy. Things You Need To Consider Before Chasing Debt

Business owners face the issue of debt collection every day. It takes careful judgment and a systematic approach to recover money that your customers owe the business. The best way to prevent debt problems is to manage debtors effectively. Even so, some customers will not pay on time despite your best efforts. Likewise, procrastination or inaction will reduce your chances of getting any money. read more...

The Five Telltale Signs You Need a Debt Collection Agency

Running a business is hard enough without having to worry about uncollected debts. Luckily for you, debt collection agencies can provide essential services that help your business retrieve its bad debts, build relationships with clients, and reduce business costs. It can be beneficial for many companies who lack the resources, personnel, or time to manage delinquent receivables by working with a credible debt collection agency. read more...

The Common Commercial Debt Collection Myths Debunked

Many small and large businesses follow the same practice for selling products and services and invoicing. This often involves selling now and invoicing later so they have more time to pay. This is a smooth process until a customer decides not to pay. Having debt is a headache; after all, you expect revenue from a business and not outstanding invoices. Interrupted cash flows, regular follow-ups, and stress are some of the consequences of debt. read more...

Debt Recovery, The Financial Year, The Calendar Year and Timing

The debt collection industry faces many challenges every day. The industry continues to transform due to rapidly changing technology, regulations, and outside factors, and collection agencies must adapt.  Many of these regulations are unknown to most businesses and as a result, many debtors dig their heals in, using the offence or breach to avoid making payment. read more...

How Will Lockdowns Impact Approaches To Debt Collection

In the wake of the global pandemic, the worldwide economy has taken a severe hit. The government enforced lockdowns have halted the operations of many businesses and enterprises, which has been especially hard for small and medium-sized businesses. Several companies have been forced to shut down, creating an upward trend in global insolvencies. read more...