AMPAC Debt Recovery Acquires Shield Mercantile

AMPAC Debt Recovery Acquires Shield Mercantile

AMPAC Debt Recovery Pty Ltd (AMPAC) is pleased to announce the acquisition of Shield Mercantile Pty Ltd (Shield) effective 8th September 2020. In March 2020, the directors of Shield placed the company in administration, the purpose of which was to allow the company some breathing space in order to restructure. Throughout the process, the administrators […]

School Fee Debt Recovery

School Fee Debt Recovery

The Situation AMPAC’s client is a fully accredited higher education provider in the Perth CBD. The college is ‘not for profit’ and as such does not receive any government funding, which means its operations are entirely funded by the payment of tuition fees. The college was referred to AMPAC by another private school client, to […]

Extended Moratorium on Statutory Demands Poses Long term Risks for Credit Providers

Long term risks for credit providers

The moratorium on statutory demands has been extended from 30th September to 31st December 2020. It is a widely held view that a continuation of the moratorium will do more long term damage to the economy than any benefits derived by the temporary reprieve for insolvent entities. Analysis of insolvency data prepared by Rodgers Reidy […]

Effective Credit Management – Part 3

Effective Credit Management

Day Step Action   1. Every new account should be accompanied by a signed credit application A company search should be conducted to verify the legal entity Every order should contain a purchase order   2. At the time an order is received, an invoice is raised   3. An invoice accompanies delivery to the […]

AMPAC Debt Recovery – B2B Case Study

Debt Recovery Case Study

With 2020 Financial Year End approaching, and in light of the difficulty collecting overdue payments during the Corona Virus Pandemic, AMPAC Debt Recovery recently achieved a positive outcome for a B2B client, which is worth sharing. The below case study highlights positive results are being achieved for AMPAC clients during these challenging times. Our unique […]

Effective Credit Management – Part 2

Effective Credit Management

Terms and Conditions of Trade A credit application and terms and conditions of trade form the basis of your organisation’s relationship with its customers. They establish the rules of the game, and if a problem occurs with the business relationship, you want to be able to rely on these documents to help resolve the issue. […]

8 Ways to profit from and protect your business in an economic downturn

8 Ways to profit from and protect your business in an economic downturn

Here are 8 actionable strategies that focus on customers, reputation and credit management: 1. Recover your cash This is the easiest and most obvious step to take. Afterall, you’ve already done the work so now you need to be paid for it. Have your AR/Credit management team focus on your due and 30-60 day debtors […]

Effective Credit Management – Part 1

Effective Credit Management

This is the first in a series of articles discussing the importance of credit risk management to all businesses that provide trade credit. In Part 1 we discuss the cost of bad debts, the correct approach to opening a new account and the role of a collection agency in recovering overdue debts. A businesses accounts […]