I would certainly recommend Better as a debt collection partner to your business. They’re easy to deal with and they’ve had success in collecting some tough debt that we didn’t expect to recover. It’s easy to hand the debt off and forget about it until Better successfully collect it and transfer into your account.
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 10 years.
We understand the impact of delinquent debt on cash flow, and so we’ll work hard to ensure your business runs sustainability through best-in-class small business debt collection.
Our ‘Better difference’; our threefold focus on cutting-edge debt collection technology, exceptional customer service and uncompromising professionalism and ethics was built with small business debt collection in mind.
Firstly, our investment in technology makes outsourcing your debt collection a seamless experience. When you use Better as your small business debt collection agency you get access to our client portal, enabling you to quickly load debts, monitor communication 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.
Secondly, with so many balls in the air in the running of a small business, you need a small business debt collection agency who will make your life easier, not harder. That’s exactly what we’ll do through responsive, pro-active communication; transparency always; and acting as a partner, not a supplier. We’re an AICM Service Provider of the Year award-winner.
Thirdly, relationships and reputation in small business is important. As a debt collection agency for small business, we act with the utmost integrity to ensure your brand and business is always professionally represented. Our debt collectors strictly adhere to code of conduct and code of ethics industry standards.
Why we’re the best debt collection agency for small business
Better small business debt collection services
Debt
Collection
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.
Credit Information
and Services
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 small business debt collection process is focused on fast, effective debt recovery
We offer ‘no collect, no fee’ commission-based debt recovery. Here’s our standard 10-step small business debt collection process, which we tailor according to the needs of your small business. This includes factoring in your debtors ledger, cash flow and business circumstances.
Step 1
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.
Step 2
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.
Step 3
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.
Step 4
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’.
Step 5
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.
Step 6
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.
Step 7
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.
Step 8
We collect payments directly into our trust account and remit the payments to you each month together with a detailed summary of payments received.
Step 9
Our debt collectors review existing arrangements daily to ensure compliance. We also contact any customers who default on arrangements to ensure prompt payment.
Step 10
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.
Better
Confidence
1+
years’ experience in financial services
1hr
actioning of debts received
1%
risk free guarantee. No collect, no fee!
Better came highly recommended to us and we’ve been pleased with the results so far. We enjoy working with Jayde and it’s easy to send and track debts.
Better’s online portal provides us with excellent visibility on our debt. Even better, it’s nice not having to rely on lots of emails and phone calls. We can easily outsource debt and check the portal whenever we need an update. We also chose Better because of the self-serve payment options it provided to our customers.
Better has serviced our debt collection requirements since 2010. As a private educational provider, it is critically important we preserve the relationship with our delinquent customers, whilst also ensuring a 100% collection rate. Better are effective in achieving that for us. Highly recommended for education.
We have many “small” debts which we pass on to Better for debt collection purposes. Our delinquent customers have actually given us feedback that they appreciated the approach Better took with them, making them part of the solution rather than being overly heavy-handed.
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. It takes the stress away from outsourcing debt.
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.
