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5 Steps to Increase Your Cash Flow at Christmas

The month of December is the most pivotal month of the year for many companies. With many companies closing their doors between Christmas and New Year's Day, year-end payments are often not processed until mid to late January. 

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Worldwide Customers: Should You Fear Them Or Favour Them?

Sustaining growth in a dog-eat-dog marketplace is becoming increasingly difficult. At times, it can seem as if there is a glass ceiling for domestic trade that is impossible to break through. Expanding into emerging international markets is an excellent way to maintain an edge in an increasingly competitive business environment.

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Help Protect Yourself From Payment Disputes by Including Payment Terms at the End of All Your Correspondence

Imagine this situation: a sales person has skilfully closed a high-value deal, only to allow the customer to dictate payment terms at the last minute. Oooooops…

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Why A Bounced Cheque Or Direct Debit Mandate Is A Debt Collection Smoking Gun!

When you're in business a bounced cheque or direct debit can feel like a major blow. However, it's not all bad news… That's because the payment failure represents solid evidence, not only that you are owed money, but also how much.

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Beware The 'Full And Final Settlement Trap'

Receiving part payment for money owed is a good thing, right? Actually no, it isn't always… That's because you could be waving goodbye to the full amount if you're not on your guard. 

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Don't get bogged down in payment disputes. Get the undisputed amount paid first and then go after the rest…

When it comes to payment disputes it's easy to take things personally. After all, you've kept your side of the bargain and the non-payment can feel like a slap in the face.

At this moment it's important to take a step back and look for the positives.
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Contract ambiguities: Do you know for sure who owes you?

If you go to court to collect money, the burden of proof is on YOU to prove the defendant owes it. That means you need to present a watertight portfolio of evidence in order to get the judgment you want. The best evidence by far is a written contract, but even these can containambiguities about who is liable. Just look at this scenario:

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Tips For Debt Collection Telephone Calls

Debt collection calls, whether you're making them or receiving them, are loathed by many but are vital for any business wanting to keep their cash flow healthy. Calling for unpaid debts needn't make you the bad cop and if you're ever at a loss for words mid-call we've got a few phrases and tips to help you.

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Remember: Late Payment Debt Collection Shouldn't Cost You A Penny

 
You certainly know that chasing late payments can prove to be an incredibly time consuming and frustrating process. Credit controllers and account receivables work hard to guarantee the business has enough working capital, but with certain debts their options start running out. It is at this stage that a solicitor must be instructed to set the stage for potential legal action - at a price. 
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Late Payers: Don’t Let Them Get Away With It!

Late payment for goods or services can be fatal for your business. That's because financial liquidity is the oxygen that any business needs to survive. However, there is something you can do… Just take a look at Jane's story:

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How 'The Late Payment Directory' Can Help You Avoid Being Paid Late

Late payment and debt collection are regrettable but inevitable aspects of business life that are likely to continue for the foreseeable future; the debt recovery process is not one that any supplier wants to find itself caught up in.

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Are Two Suppliers Better Than One?

For many businesses, it is no longer favourable to be locked into one contract for a service. Instead, companies are employing two or more suppliers for the same service. Those who adopt this strategy say they are able to negotiate costs more effectively and have seen an improvement in the quality of the service they receive.

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