Managing cash flow
Would you believe that an average small to medium sized
company can be wasting up to $64,000 a year in chasing debtors?
Cash flow is one of the most essential elements to every businesses survival.
The failure of innovative and great products and services in many cases has not
been due to marketing failure, but rather poor cash flow management.
But most businesses have debtors outside their trading terms that have been
placed in the too hard basket. Sometimes a businesss internal collection
procedures and reminder letters are just not enough to result in timely payment
from debtors. Alternatively you may be selling your debt to a mercantile agent
for a fraction of its actual value to you.
The real cost of a debt is far more than the simple monetary value of the
amount not yet paid, and wasted time.
Do you have debtors who do not dispute invoices, but hold back payment
regardless? What effect would it have on your business if your customers were
educated in such a way to ensure that they always paid within your trading
terms?
You may be thinking that outsourcing your companys debt collection is too
expensive to consider. Access Legal however can assist you in recovering debts
owed to you by customers, at their expense, plus interest. By utlilising our
services and streamlining your debt collection procedure we can ensure that your
customers pay on time, consistently.
Our company is not just another law firm that provides reactive legal
advice. Instead, we focus on creating pro-active business solutions deducted
purely to providing commercial value and protection, with innovative solutions
like ACCESScashflowTM - combining commercial reality with
legal muscle.
ACCESScashflow
TM
is a unique service that provides a 3 step process to
review and revise your cash flow management:
-
Review, Assess & Benchmark We review and assess your current
system, internal procedures and legal documents, and benchmark your debtor
ledger to analyse what savings you could be making.
-
Process Creation We then create a solid process for ensuring your
clients are well trained, and your money in outstanding accounts is more secure
and strictly monitored to keep it flowing in a timely and efficient manner.
-
Implementation We then put this system into effect, creating the
right legal documents to achieve the desired outcome, and put into place a
system to monitor your cash flow performance focusing on achieving continuous
improvement.
The most successful businesses have a strategic and integrated approach to
fully utilise their cash flow but do you?
We guarantee that our system will organise your debt collection process,
train your debtors, and have your debtors paying quicker than ever before.
All we ask is that you show us details of your current
debtors and we will show you a way that you could be saving tens of thousands of
dollars per year.
"In just one hour, Access Legal showed us a way to
save tens of thousands of dollars per year and have access to money trapped in
our 90+ day debtors that we thought we would never see. With our savings we can
now hire a new staff member, to bring even more revenue through the door. I dont
know why we didnt do this sooner!"
In fact, we are so confident of our system that if within a month of full
implementation of our system you do not have a 30% improvement in debt payments,
we will not charge you a cent!
ACCESScashflowTM
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