Throughout my visits to customers in the Waikato, I often hear comments about unsuccessful debt collecting organisations in the marketplace. It is important to understand what sets EC Credit Control apart from the rest. The service and process that we provide are both an effective and consultative debt recovery programme that gets results! Here’s why: […]

One of the most, if not the most, important activities in your company is credit management. Credit management is the process to ensure that customers will pay for the products delivered or the services rendered. Credit management is of vital importance to your cash flow: you can be profitable, but if you lack the cash […]

Your standard terms and conditions (ie the legal basis on which you are willing to do business with your customers) should be the first legal document that you put in place when you are starting a business.  You pay one upfront fee and use the terms and conditions again and again, safe in the knowledge […]

Get Organized – If you are going to excel at accounts receivable management, you have to start from the very beginning. Be diligent in every step of the process but, most importantly, in whom you decide to extend credit to. Net terms aren’t for everyone. Start by setting up a professional credit application that gives you […]

As the Personal Property Securities Register (PPSR) is a wholly electronic register, the Registrar uses email to communicate with secured party groups. The Registrar sends all notifications to the Secured Party Group’s (SPG) email address indicated on the financing statement. It is the SPG’s responsibility to keep their email address on the financing statement up […]

Towards the middle of 2014, I spoke to a Waikato Roofing client  regarding an outstanding  debt issue. The client had  weak terms that were rehashed from an old set the previous owners had left behind and for a large regional Roofer, they were significantly inadequate and completely failed to protect the business in key areas […]

If you watched Fair Go on the 29th April I hope you learnt how valuable a great Credit Report would mean to you when wanting to access credit. Now if you are a business owner I hope you realised this is a very valuable resource that is available to you to be able to get […]

Another building company has gone into liquidation in the Waikato. Sadly this is becoming a regular occurrence in what is supposed to be a Rock Star economy. Ensuring you know who your customer is before giving credit is a must rather than going with your gut feeling the he / she is a good sort. […]

I met with a client recently to arrange protection for their business with comprehensive terms and conditions of trade. Included within these terms was provision to register under the Personal Property Securities Act to enable them to be a secured creditor should a debtor of theirs go into liquidation in the future. During the conversation […]

I had the pleasure of being guest presenter assisted by Laurie Brenssell NZ Sales Manager for EC Credit Control at a workshop hosted by Rightway Limited on the subject of “Are you getting paid”. Waikato Regional partner, Craig Savage of Rightway Limited, had put the workshop together to help businesses think again about their cash […]