Debtors are people or businesses who owe you money. Debtor management is central to the effective cash flow of your business. Without an effective debtor control system, you leave your finances vulnerable.
Proper management of your debtors will help you get paid faster and prevent bad debts. Prompt collection of debtors' accounts will also help you maintain a healthy cash flow.
BAS Angels provide a debtor management solution that has been proven to slash overdue debt by 50%
Manage, Record & Track Customer Conversations
Automatically Attach Invoice Copies With Every Reminder
Automate Your Monthly Statements In Minutes
Demand Letter, Debt Collection & Credit Checks
Create Your Custom Reminder Schedule
Send Thank You Messages Automatically
One Click Payments
In addition to being proactive about debt management relating to existing clients, it's important for businesses of all sizes to investigate the financial history of prospective clients to ensure they are not high credit risks.
We can help by accessing industry-leading credit reports that can flag poor payment history, which may allow you to offer alternative low-risk payment options, such as upfront payment rather than 30-day credit.
Tips to make sure you get paid
Ensure all payment arrangements with debtors are always confirmed in writing
For overdue payments, contact the debtor promptly to confirm they received their invoice
Create a monthly debtors aged analysis
Make sure your invoices meet your customers' format requirements