Tag: Debt recovery
Recovering your business debts – FAQ’s
Collecting unpaid debts can be a stressful experience. Understanding where you stand and the best way to proceed in collecting these debts is vital for a smooth recovery. We are often asked similar questions by clients when it comes to debt recovery so to help you when it comes to debt recovery we have outlined... Read more »
How to maintain cash flow during these unprecedented times
Maintaining cash flow will be one of the keys to survival during these uncertain times, and the debt recovery team at Cognitive Law has put together the following guidance: 1. Have an effective credit control procedure in place and stick to it. Send out payment reminders before your invoice becomes overdue. 2. Retain an efficient... Read more »
Is your business financially ready for 2020?
Get your business finances in order for the New Year As we wind down to the end of the year and turn our mind to Christmas parties, pantomimes and celebrations with the family it’s easy to let the business take a back sit. However, now is actually the perfect time to take a look back... Read more »
Get your business finances in order for 2019
With 2018 behind us, it’s time to look forward to the coming year ahead. Although it is tempting to sit back and enjoy the quiet time, now is the perfect opportunity to look back at the last 12 months and set some business goals to achieve in 2019. Our Debt Recovery team has put together... Read more »
How to deal with clients who won’t pay
You have done the work and have sent your invoice to your client. You’re waiting for payment but it doesn’t come. How do you approach your client for payment without sounding aggressive or losing the relationship? Send friendly reminders By sending a friendly email, it comes across as an easy-going reminder which your clients will... Read more »
To sue or not to sue?
When it comes to debt, your automatic response might be to go full speed ahead, who wouldn’t? But with the level of commercial debt rising and court recovery reducing, the decision to sue is more critical than ever. Litigation is a vital tool in the debt recovery armoury, if used properly. By getting court proceedings... Read more »
Get your business finances in order for the New Year
With 2017 coming to an end it’s time to look forward to the coming year ahead. Although it is tempting to sit back and enjoy the quiet time, now is the perfect opportunity to look back at the last 12 months and set some business goals to achieve in 2018. Our Debt Recovery team has... Read more »