Better came highly recommended to us and we’ve been pleased with the results so far!
We’re a Better
In a small business, cash flow is king. We get that, because we’re a small business ourselves. Our debt collection process for small business is focused on fast, effective debt recovery.
You deserve Better.
Small business debt collectors you can trust
Psst, don’t tell those big corporates, but our heart and soul really is in small business debt collection. Why? Because we’ve been a dynamic small business ourselves for over 10 years.
We understand the pressure of cash flow and the impact that slow payers and non-payers can have on that. This is your livelihood after all, and so’ll we take a personal, vested interest in ensuring your small business is running sustainability through best-practice debt collection and debt recovery.
We also believe being a small business doesn’t mean you should miss out on the best debt collection technology in the market. Quite the opposite, you need to be as efficient and as agile as possible to get on with running your business. When you use Better as your small business debt collection agency you get access to our Client Portal, enabling you to load debts, monitor communication between us and debtors, and view payments in real time. Your debtors will also have the ability to make online payments 24/7, resulting in higher debt recovery rates.
From one small business to another, trust us when we say we’re the best debt collection agency for small business.
Better small business debt collection services
Our debt collection clients include iconic Australian brands, large multi-nationals and dynamic small businesses. We’ll provide you with the personalised debt collection solution you deserve.
Outsourced Accounts Receivable
Outsource your accounts receivable function to Better. We provide a full-service solution for accounts receivable management and debt collection for clients in the early stages of delinquency.
Better supplies comprehensive credit reports to help you make an informed decision on supplying credit. We also offer skip tracing (location of debtors), field calls and credit policy reviews.
Our process is focused on fast, effective debt recovery
We offer ‘no collect, no fee’ commission-based debt recovery. Here’s our standard 10-step process, which we tailor according to your needs and business circumstances.
Our debt collection process starts with a consultation, where we’ll seek to build an understanding of your brand, standard terms of business and debtor ledger. We’ll then tailor our method and approach accordingly.
You’ll be given access to your online client portal. This portal allows you to load debts quickly and easily. You’ll also be able to track progress and payments, view all correspondence between our debt collectors and debtors, and generate reports.
Utilising best-in-class technology, our debt collectors will make initial contact with a debtor through a multi-channeled approach. Our online, self-serve payment options typically don’t require the debtor to speak to a debt collector, leading to high early recovery rates.
If required, our debt collectors have tools to search for debtors who are unreachable or have moved address. This is a process known as ‘skip tracing’.
If the debtor does not make payment, our debt collectors will firmly but fairly negotiate repayment of a debt within the scope of your instructions. We can put a settlement proposal or alternative payment arrangement to the debtor.
We can also conduct field calls through licensed agents who meet the highest standards of professionalism and ethical practice. These agents will attempt to meet with a debtor and work cooperatively with them on a suitable payment arrangement.
Our customer portal enables debtors to make online payments. This often results in a higher debt recovery rate as, unlike with other debt collection agencies, we aren’t solely reliant upon the debtor making a payment over the phone during business hours.
We collect payments directly into our trust account and remit the payments to you each month together with a detailed summary of payments received.
Our debt collectors review existing arrangements daily to ensure compliance. We also contact any customers who default on arrangements to ensure prompt payment.
In the event a debtor still does not pay, we will recommend other options to you including legal action if appropriate, which we can facilitate.
It’s Better to do the right thing
- Uncompromising professionalism and ethical practice at all times
- Members of the Institute of Mercantile Agents, Australian Institute of Credit Management and ACA International
- Australian Institute of Credit Management Service Provider of the Year
- Strict adherence to the Code of Conduct and the Code of Ethics set out by the Institute of Mercantile Agents and ACA International
Better means leveraging the best technology
When you choose Better as your debt collection agency, you benefit from a powerful online debt management system, enabling you to:
- Load debts for us to start collecting
- Track the progress, payments and costs associated with each debt
- View all notes, telephone calls and correspondence with the debtor
- Communicate directly with your dedicated Account Manager
Our technology offering also enables our debt collectors to reach debtors through a multi-channeled approach and accept online payments. This often results in a higher debt recovery rate as it isn’t solely reliant upon the debtor answering and making a payment over the phone during business hours.
We work hard to preserve the cash flow of our small business clients
Here’s what small businesses say about our debt collection services
We have many “small” debts which we pass on to Better for debt collection purposes. They treat our customers like their own and this approach pays dividends to our local brand presence (and our bottom line).
We appreciate the time and effort that Better takes in explaining the rationale behind their processes and their promptness to our queries, downloading of files and reporting.
As a medium sized business, we haven’t had the time, nor do we have the expertise, to chase up those customers who have not paid us after 90 days. Better’s efforts align perfectly with what we do internally and the client portal allows us to see exactly what is happening on a day-to-day basis on our files.
Better has serviced our debt collection requirements since 2010 and have always treated our customers with respect, which is critically important to us as a large international brand.
Better’s client and customer portals and online payment options has definitely enhanced their ability to collect on our behalf. Thank you!
I would, without hesitation, recommend Better as a debt collection partner to your business.