Silly Season Surety!
Despite the holiday season soon approaching, business owners of NZ are still working tirelessly to ensure a smooth transition in to 2017 hence you may find this article may be of some benefit. Whilst the Personal Property Securities Act 1999 has long been available to New Zealand business, however we at EC are still finding a […]
What are you doing about your debt?
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 […]
Why EC for debt collection?
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: […]
What are you doing about your debt?
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 […]
VEDA worth every penny
I was working with a transport company in the western Bay of Plenty recently who stated that they never did credit checking and would not need it. However they did need their terms of trade redone as they only had old rehashed terms from one of their competitors. These looked like they originated from some […]
Why terms and conditions are important in any business.
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 […]
What are you doing about your debt?
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 […]
A few Accounts Receivable Tips
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 […]
The importance of keeping your email address up to date in the PPSR
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 […]
No one is too big to fail
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 […]