Bad Debt Solutions

What is bad debt anyway? Bad-debt is the revenue that your business has to write off, because customers can’t, or worse yet – won’t pay their bills. The amount of businesses that are experiencing bad-debt issues is skyrocketing.page

It is evident almost anywhere you look, that businesses are being acquired by other businesses, or are going out of business. For the most part, many of these businesses suffer and dwindle away, due to bad-debt issues that have quickly gobbled up any cash flow that was used to keep a business a float, and in good standing.

It is imperative for all businesses large and small, to place a high priority on collecting the money that is owed for services rendered – on time; to eliminate the possibility of bad-debt, so you can continue to generate required resources that drive future growth for your business.

Are Bad-Debt Issues Making It Impossible for Your Business to Thrive?

Properly managing your Accounts Receivables, in an efficient and effective manner is essential to keep your own business from falling into chronic debt problems.

Secured Asset Management is here to help businesses – stay in business, and to help your business thrive; by helping you understand the importance of bad-debt issues, and how quickly they can suck the life right out of your business.

Critical Reasons for Bad-Debt, just to name a few are…

• Not a High Enough Priority for Proper Management

• Not a Significant Part of Your Customer’s Strategy

• Inconsistent Execution Levels

• Poor Management of Cash Flow

• Inadequate or Inappropriate Financing

Tailored Solutions to Ultimately Secure Business Growth

In order to prevent your company from making similar mistakes, Secure Asset Management wants to partner with you to properly execute and manage your Accounts Receivables, with seamless and effective systems and to secure your client lifecycle management and growth – that is ultimately critical to the health of your business and bottom-line results.

Getting paid on time is crucial to the financial health and wellbeing of your business. Implementing and maintaining checks and balances to control healthy cash flow – needs to be a top-priority, to sustain a profitable business. While good credit control can help avoid late payments from becoming a serious problem, there may still be times when a customer can’t or won’t pay.

How To Avoid Bad-Debt from Sucking The Life-Blood Out of Your Business

• Communicate Clear Payment Terms in Your Terms & Conditions Agreement

• Make Payment Terms Specific and Structured to Encourage Prompt Payment

• Be Specific on when you will start to charge interest on overdue amounts, and the rate of interest you will be charging

• Ensure Customers Sign their Acceptance of the Payment Terms and Conditions -Before You Start Work or Allow Credit Considerations

Secured Asset Management was established to help you manage, control and eliminate bad-debt problems in your business, and to help your business revive and prosper.

We have custom designed Business Process Outsourcing(BPO) services, tailored just to fit your own specific requirements and business strategy. We can advise you on reducing your costs, while enhancing Customer Lifecycle Management.

Don’t wait until bad-debt issues suck the life out of your business. Give Secure Asset Management a call today at (469) 568-0900, to take back control and help your business thrive.