There’s an old adage in the debt collection business that goes a little something like this, “The longer a debt is left outstanding, the harder it is to collect” and never a truer statement has been spoken.
You place your debtors in the “Too hard” pile for difficult collections? What about your final notices, they are ignored? Or your staff spend all the time to improve their debt collection skills instead to generate new revenue? More than these relevant facts, you pay interest on money that is outstanding?
One of the biggest mistakes business owners make is to put off hiring a debt collection agency until it’s too late. The collectability of a debt declines dramatically the longer it is left overdue.
More and more often at Boston Commercial Services we see business owners bending over backwards to accommodate their clients needs. This should not carry over into collecting overdue accounts.
At Boston we pride ourselves on being professional, courteous and our focus is to get our clients paid the money that is rightfully theirs as quickly and efficiently as possible.
By hiring a professional collection agency, business owners needn’t be worried about damaging their carefully crafted client relationships because they need to collect on overdue accounts.
If you leave your debts to fester at the back of your filing cabinet, it also allows your debtors to be further exposed to new debts. Real question business owners should ask themselves every day: could your business survive if one of your major debtors went out of business today?
Ben Boston and his debt collection agency has over 30 years of tried and tested debt collection procedures for any sized business. We assist with debt recovery services in Sydney, Melbourne, Brisbane as well as regional areas Australia wide.
We also offer a fully outsourced Accounts Receivable Management program that includes raising and sending invoices, issuing reminder notices, making follow up phone calls, preparing demands, managing disputes and monitoring payments.
Additional services under this program may include full bank and card reconciliations, payment reporting, trust banking and general account keeping.
Don’t let your debtors treat you like a bank, start acting like a creditor and take action now!
Call Ben on 1300 668 699