Make your business richer and protect it when things go wrong

Comprehensive terms and conditions documentation is vital for the smooth running of your business.

Your money should be in your account

It's a sad fact of business life that some clients WILL take advantage of their suppliers if allowed. Late payment, for example, is regarded as a ‘major problem' by 18% of all SME's employing staff in England & Wales according to BERR's 2009 Small Business Survey. As a credit management company, we see the excuses debtors try to pull for paying late all the time. This creates real financing issues for small enterprises especially as working capital facilities from the banks remain tight.

So what would be the impact on your business if EC Credit Control could free up some of that cash locked in your age debtor report? Think how much more your cash flow could improve if we could show you how to dramatically reduce your outstanding debtors at 60, 90 and 180 days.

Correctly worded Business Terms and Conditions establish a clear legal relationship with your customer from the beginning. They cover many different elements of your commercial transactions. Because EC Credit Control deals with the aftermath of commercial and private transactions that have gone wrong, we are ideally placed to identify the problem areas and plug the gaps for clients.

In this way, a good set of terms and associated documentation, bespoke to your business, will liberate the following financial and business benefits:

    1. Your clients will give your invoices priority treatment

    2. Help resolve disputes and unpaid accounts much faster

    3. protect against the loss of profit

    4. provide reservation of title until goods are paid for (in most
        circumstances where goods are sold)

    5. provide indemnity from potential liabilities

In short, the documentation will prevent your client from taking advantage of your business at the expense of the shareholders and their capital.