3 Ways to be Paid Faster
So you need to be paid faster and you're having your clients and customers dragging their feet...
Business Specific Terms and Conditions
By having effective Terms and Conditions, it enables you to refer unpaid invoices to debt collection without the cost.
If you are in the building industry, using the Construction Contacts Act is a must.
You are better to have them and not need them than need them and not have them.
Effective Invoicing
Your invoice should be designed to make payment as easy as possible.
- Ensure the due date is on your invoice and is obvious
- Supply your bank a/c details and make them stand out
- Ensure this is a full description of the goods and/or services supplied
- What are your payment options, i.e. Credit Card, EFT, finance?
How do you collect your money?
Are you calling for your money or just sending emails?
You need to have a process in place to ensure you get paid. Stick to it and if it’s not successful have a backup plan.
Call Undercontrol Credit Management if you need assistance in setting up an effective process.
Connect with us today
What took us weeks, took them days!
“We were given the contact details of the team at Undercontrol Credit Management Ltd to help us resolve an issue with a non-payer who had also stopped communicating with us around the status of the non-payment. We engaged Undercontrol to help us get the problem resolved. To our surprise Undercontrol was able to get confirmation from the client that they would pay within 4 working days within 24hrs which was fantastic as we had spent a number of weeks going in circles. Undercontrol also then looked into our terms of trade for the business and again within a few days had a complete new set of terms drawn up along with the necessary tools to be able to implement them. As a business we would be very happy to recommend Undercontrol Credit Management Ltd.”
