Businesses have always struggled with cashflow. 82% of business failures in Australia are the result of poor cash flow management. 44% of companies rely on expensive lines of credit to fund operations. COVID-19 has had a further impact, increasing the cash flow pressure in nearly every industry sector.
ezyCollect are the industry experts in healthy debtor management processes, helping clients to reduce the pressure on their collections processes and remove the stress associated with cash flow.
Join us for a free webinar with ezyCollect
Thursday the 18th of June at 10:30 am AEST
Learn everything you need to know about the big topic of improving cash flow all in 30 minutes. The webinar will provide an overview of how automation and credit insights can transform your debtors ledger, reducing outstandings and avoiding bad debt.
The critical takeaways from this webinar will include:
- Make payments easy – identify opportunities to make it easier for customers to pay you, removing the objections and barriers to receiving cash within terms.
- Streamline your collections – automate your collection process to maximise cash received in a more efficient way that reduces your outstanding debt.
- Identify at-risk customers – establish a process and system to know IN ADVANCE the customers that may be bad debt risks and showing signs of paying late. Understand the best practice credit management processes to profile and benchmark the credit risk of your new and existing customers.
- Maintain a customer service focus – align your collection processes with your customer service focus, ensuring that you keep an appropriate tone to your collections processes. Build best practice debt collection processes that won’t alienate your customers.