Your Debt Recovery Experts

Debtor Management & cash flow solutions

Cash flow is the most important part of any business. Without it you simply cannot operate. One of the biggest hurdles with debtor management is ensuring your debtors pay you in a timely manner.

Cash Flow Finance, or Invoice Finance as it is also known, can speed up the cash flow of a business if it sells to other businesses.

How it works

Invoice finance is where a business’s accounts receivable ledger, (or part thereof) can be used as collateral against obtaining finance. The debtors ledger is sent to the finance company and they can remit funds to the business. The amount of the ledger which is financed varies depending on the debtors involved. When debtors begin paying the invoices, this repays the finance company.

Benefits of the solution

Kearley Lewis works with a handful of reputable invoice finance providers. The benefits of using an invoice finance company are:

·         You speed up your cash flow and get paid more quickly by your debtors

·         You can reduce your chances of having bad debts

·         You can obtain finance without providing real estate as security

·         Your costs for finance can be factored into your pricing

·         You can obtain debtor insurance as part of your invoice finance package

·         You get access to your funds immediately, while your competition wait until their debtors pay

Contact us

If your debtors are putting pressure on your cash flow and you’d like to talk about your potential invoice finance options, call Julie Lamers on 0406 744842.

Legal Action or Mercantile Agent?

When your business is not being paid for work that’s been completed or goods that have been delivered, do you think the next step is legal action?

Do the costs of potential legal action mean that you are reluctant to engage a Lawyer?

You don’t need to go to a Lawyer when you are in this situation. A mercantile agent will usually work on a commission only basis, meaning if you don’t get paid, you won’t get a bill. These days, the rates charged are competitive and with the right terms and conditions, you may even find that the commission costs can be claimed from your delinquent debtor.

A mercantile agent is an expert in recovering unpaid debt and specialises in talking with debtors and negotiating payment. If they can’t collect your debt, they will advise you of this and in conjunction with their Lawyers can advise you on whether legal action is recommended and the potential costs of this course of action.

At Kearley Lewis we have in house lawyers that we work closely with, and if we believe you need to speak with them we’ll let you know. Our Lawyers can work through more complex situations, including contract disputes and the breakdown of business partnerships. Read more about our in house Lawyer, Su-Ann Loh and her insights into debt recovery here.

If you would like to know more about how we could assist you, call us today on 03 9629 8777 or click here for more information on why you may wish to engage us.