Commercial Debt Collection
Slow paying debtors are one of the greatest concerns for every business that offers credit to its customers and the cash flow headache that results can be a nightmare.
Most debt collection agencies will boast the highest success rates in the country, but how on earth do you measure that result? We simply say that if the debt is collectable, we will do everything within our power collect it. Not a grand statement, just a plain fact.
We deal with commercial debtors every day, it’s our specialty, and we’re all too well aware of the delay tactics that people use to avoid paying their creditors.
Todays commercial debt collection world is a vastly different place to 5 years ago, for many businesses, working capital has dried up, and the availability of bank funding has all but disappeared. As a consequence, they’re using your money to fund their operations, and the die hard debtors, will simply wait until you sue them before they push you to the front of the creditors queue.
Through our partnership with a leading Queensland Law Firm and our network of professional advisors across the country we provide the complete solution to our clients and we remain the conduit between our client and those advisers for the life of the job.
We remove the unknown by offering a competitive fixed price package on all undefended legal action. We will quote you up front the cost of filing your claim, serving the documents and obtaining your judgment. Provided the matter is not defended by the other party, this is all that you will pay to obtain a judgment. Once you have your judgment we can discuss the enforcement options available to you.
We are completely confident that we have the most cost effective debt collection solution available in the market today. If however you find a legitimate advertised offer cheaper somewhere else, we’ll happily match it, in fact we’ll knock another 10% off it for good measure ! So, if you see an advertised rate of say 10% and is cheaper than our rate on a like for like basis, we’ll do that same job at 9.00% for you, no uestions asked. Go ahead, put us to the test.
“My only regret was not doing this years ago”Geoff Madder Owner, Mad About Timber
This highly cost effective service provides an opportunity for business owners to hand over their entire debtor collections process along with all the headaches that come with managing this complex and often challenging job.
Our receivables management solution allows your entire debtors ledger to be professionally managed by a Nexus Account Manager in our office using our resources, saving you time and money.
With our unique operating model, your customers will never know that you have outsourced your debtor management process. Your Nexus Account Manager becomes an extension of your business, the only difference is that you don’t have any of the complexities or the costs associated with employing staff.
There are no commissions to pay, no wages, no super, no annual leave, in fact none of the responsibilities that come with employing staff.We review your debtors ledger and provide you with a quote for a fixed monthly fee, and with no long term commitments, you have nothing to lose, except the stress of looking after your debtors.
We’ve been doing this for nearly 20 years, the system is time tested and the results speak for themselves. We are more than happy to offer you the names of any of our clients who use our Receivables Management solution, they all love it and so will you.
Terms of Trade
Terms of Trade are often overlooked by small businesses because they either consider them unnecessary or simply too expensive to have drawn up by a lawyer. Nexus Collections can offer you a tailored terms of trade document at a cost that you can’t afford not to consider.
If we told you that between $500.00 – $800.00 could secure you a solid credit application with terms of trade to match, along with a comprehensive Directors Guarantee document customised to your business with your logo’s – what would you say?
Typically that’s about what is costs to purchase the comfort and security that proper enforceable terms of trade offer.
Are you familiar with the requirements that the Personal Property Securities Act (PPSA) has now imposed on your business. Without properly drafted terms of trade, your old “retention of title” clause will be useless under the new legislation.
If your needs are particularly complex, we will introduce you to our solicitors who will offer you a fixed price quote to prepare rock solid terms of trade to meet your businesses needs.
The PPSA has changed the way businesses transact with each other, you just cant ignore this critical part of process of providing credit to your customers.
If you need new terms of trade or your current terms reviewed, let’s talk.