Companies will die in 70 days if debtors don’t pay.

Big numbers of companies will die in 70 days if debtors don't pay. Kiwi companies particularly SME's are facing unprecedented changes in supply and demand of their products and services. This throws their unit economics out the window and pushes them immediately into restructures, downsizing and market segmentation focus changes. We all know Air New

By |2020-06-11T16:32:59+12:00June 11th, 2020|Business ownership, COVID-19, debt collection|0 Comments

A business tactic to ensure you get Bank support post COVID-19

Right now, you are ‘in the majority’ if you're an SME in New Zealand and your cash flow is negative. Yep, it's a reality and until the tide comes back in on business confidence and the borders change to being open we will need to survive hard economic times. Keep an eye on the xero small

By |2020-06-11T16:18:45+12:00June 11th, 2020|Accounts Receivable, COVID-19, debt collection|0 Comments

Customers holding out on payments in New Zealand

Customers holding out on payments in NZ When your good customers begin to stretch out and hold onto payments because their customers are doing the same, you are going to have to think and approach things differently. In these recessionary times it would be unfavorable to use a sledgehammer approach (like debt collection) on your

By |2020-06-11T16:17:37+12:00June 10th, 2020|Accounts Receivable, COVID-19, debt collection|0 Comments

Cash is God: Right now as we experience the covid economy.

Cash is God: Right now as we experience the covid effects on our economy. Beany was lucky enough recently to hear Derek Handley talk about how to survive in the time of Covid. One of his main points was tha Cash is no longer king, it’s God! One of the toughest parts of running a

By |2020-06-12T10:03:07+12:00June 9th, 2020|Accounts Receivable, COVID-19, debt collection|0 Comments