If your company is struggling to manage finances, you might be wondering if there’s any way to get out from the weight of debts that threaten to crush your business. Even when the economy is flourishing, it doesn’t always translate into more sales of your product or service, making it even more challenging to manage the day-to-day operational costs and long-term expenses associated with running a business. There are many factors that impact business debt. Do you have a sufficient credit line to stay in business? How well are you managing receivables due in 30 to 60 days? You may be struggling just to get by and keep the lights on while still trying to grow your business. How does business debt management work? Providers work with your suppliers, lenders, creditors and other businesses to restructure what you owe – all while making sure to preserve your reputation with those third-party entities as much as possible, ensuring smooth relationships in the future. Some businesses see a debt reduction of as much as 80% when using the most effective providers!
Strategies - cash flow management
Advising On Debt
While you’ll need to have a credit licence or be a credit representative to be able to recommend lending products, advisers who are not credit licenced are still able to advise on the cash flow implications of debt, assist clients with maximising the tax effectiveness of their debt, and accelerate the repayment of debt not associated with wealth creation.
Effective Use Of Cash Reserves
This strategy is suitable for clients who have a home mortgage and some additional cash within a savings account. Once implemented, they can earn a higher after-tax return and pay off bad debts but still have access to their money.
Control Cash Flow
Better utilisation of surplus cash flow can help clients reduce the interest payable on their home loan. Interest on these loans is normally calculated on the daily loan balance and then added to the loan balance on a monthly basis. Clients can reduce their average daily loan balance (and consequently the interest charged) using one or a combination of the options.
Invoice Payment Supervision
Organizations canproactively manage their collection portfolios to reduce costs and increase recovery rates with Viagold collection tools and expertise. How we can help? Our debt recovery tools help you create a more customer-focused collectionsp rocess. Quickly and cost-effectively assesses ability and propensity to pay and turn even hard-to-locate debtors into valuable customers.
Debt collection solutions managing the cash flow
Collections analytics and insights
Enhance your collections process and improve recovery rates with robust data and insights.
Collections prioritization strategy
Establish a more focused, data-driven debt collection strategy to help reduce costs, save time and maximize resources
Regulatory compliance Stay compliant with key laws and regulations for greater oversight, stronger customer relationships and the best decisions for your business.
Data and skip tracing
Maximize debt recovery by quickly finding and prioritizing accounts and assigning the right treatment strategies.
Debt portfolio evaluation
Gain a better understanding of what a portfolio is worth — whether you’re a creditor or a debt buyer.
Omnichannel collections
Optimize resources, make the best decisions and effectively reach consumers with our omnichannel collections service
Recession planning
By using analytics, machine learning algorithms and technology, organizations can drive profitability and balance risk and reward during turbulent times
Manage your finances
If your company is struggling to manage finances, you might be wondering if there’s any way to get out from the weight of debts that threaten to crush your business. Even when the economy is flourishing, it doesn’t always translate into more sales of your product or service, making it even more challenging to manage the day-to-day operational costs and long-term expenses associated with running a business. There are many factors that impact business debt. Do you have a sufficient credit line to stay in business? How well are you managing receivables due in 30 to 60 days? You may be struggling just to get by and keep the lights on while still trying to grow your business. How does business debt management work? Providers work with your suppliers, lenders, creditors and other businesses to restructure what you owe – all while making sure to preserve your reputation with those third-party entities as much as possible, ensuring smooth relationships in the future. Some businesses see a debt reduction of as much as 80% when using the most effective providers!
Strategies - cash flow management
Advising On Debt
While you’ll need to have a credit licence or be a credit representative to be able to recommend lending products, advisers who are not credit licenced are still able to advise on the cash flow implications of debt, assist clients with maximising the tax effectiveness of their debt, and accelerate the repayment of debt not associated with wealth creation.
Effective Use Of Cash Reserves
This strategy is suitable for clients who have a home mortgage and some additional cash within a savings account. Once implemented, they can earn a higher after-tax return and pay off bad debts but still have access to their money.
Control Cash Flow
Better utilisation of surplus cash flow can help clients reduce the interest payable on their home loan. Interest on these loans is normally calculated on the daily loan balance and then added to the loan balance on a monthly basis. Clients can reduce their average daily loan balance (and consequently the interest charged) using one or a combination of the options.
Invoice Payment Supervision
Organizations canproactively manage their collection portfolios to reduce costs and increase recovery rates with Viagold collection tools and expertise. How we can help? Our debt recovery tools help you create a more customer-focused collectionsp rocess. Quickly and cost-effectively assesses ability and propensity to pay and turn even hard-to-locate debtors into valuable customers.
Debt collection solutions managing the cash flow
By using analytics, machine learning algorithms and technology, organizations can drive profitability and balance risk and reward during turbulent times