The complete guide to managing and preventing bad debts in B2B

The complete guide to managing and preventing bad debts in B2B

B2B businesses face several challenges when collecting outstanding payments from delinquent customers. Developing a well-structured process, leveraging digitization, and upgrading your teams’ resources and capabilities can maximize recoveries and prevent bad debts. With an increased focus on debt management, companies can reduce high costs and lost income and enhance customer focus, customer engagement, resilience, and profits.
Why it’s your business to know your customer’s credit rating during a recession

Why it’s your business to know your customer’s credit rating during a recession

The Australian economy is currently experiencing its biggest economic contraction since the1930s. Australia’s triple A credit rating is intact but on a negative slope, according to credit rating agency, S&P Global. In June, the Reserve Bank of Australia (RBA) confirmed there is considerable uncertainty about when the economy will recover. What is certain is that […]
New: Credit Insights to safeguard business against credit risk

New: Credit Insights to safeguard business against credit risk

Business has never felt riskier. The economic uncertainty delivered by COVID-19 has put question marks over everything business owners once took for granted: happy customers, regular sales, plans for growth.  Now, every business needs to safeguard the very foundation of its existence: cash flow. ezyCollect is proud to announce its latest product, Credit Insights—your daily […]