Rising Interest Rates and their Impact on Debt Recovery and Credit Management
In this article, we explore the potential effects of rising interest rates on debt recovery and credit management in the Australian market, both for commercial and consumer credit providers. As the Australian economy navigates its various economic cycles, one crucial factor that influences debt recovery and credit risk management is the movement of interest rates. […]
Your Terms and Conditions of Trade – An Essential Part of Credit Risk Management
As the 2024 financial year kicks off, the Australian trade credit market is witnessing a noticeable increase in insolvency activity. In the midst of tightening trading conditions, the importance of having a strong set of Terms and Conditions of Trade cannot be emphasised enough. Implementing a robust application process and having reliable terms and conditions […]
AMPAC Debt Recovery Perth
AMPAC’s Perth based Local Government team have been trusted partners to over 65 Councils for over 20 years! The combination of knowledge, experience and technology enables AMPAC to quickly engage rate payers in the debt recovery process, thereby reducing both the time and cost usually associated with the recovery of unpaid rates. AMPAC’s director of […]
Recovering Unpaid School Fees
For many years, AMPAC Debt Recovery has assisted independent schools all over Australia to recover unpaid school fees. From time to time we are also asked to recover an amount of money in lieu of notice if a child leaves the school at short notice. This article describes a matter that was recently determined involving […]
Australian Economy Enters a New Phase
With the financial year end approaching, businesses of all types turn their attention to financial matters, and for AMPAC’s client’s, most often – it’s the state of their debtors. The 2023 Financial year will bring with it a series of challenges which point directly to the credit and financial management function within a business. Australian […]
The Warning Signs of Business Failure
The Building Industry Credit Bureau (BICB) forecasts around 1,350 insolvencies in the construction sector for 2022. This is a sobering number, and a reminder for all credit professionals to remain alert to the warning signs of failure, no matter what industry they trade in. So, which are the main areas within a business that can […]
Suppliers and Contractors on High Alert in the Building and Construction Sector
The fallout from the Probuild collapse continues to grow and will have far reaching effects for suppliers and subcontractors in the building and construction industry. It also serves as a warning for other sectors that have been impacted by COVID 19, bushfire and the floods. When a large building contractor falls over, it attracts a […]
How Field Calls are used in the Debt Recovery Process
In the business of debt recovery, field calls are an often underutilised, but valuable tool in determining the recoverability of a debt. In some cases, a field call is what is required to get the debtor engaged in the debt recovery process where previous contact may has been ignored. In other cases, a field call […]
Digital Payment Platforms V. Traditional Debt Recovery Services
Combining digital contact and payment technology with traditional debt recovery drives debtor engagement and portfolio performance. Every credit professional knows that early intervention and outbound debtor contact is the key to minimising overdue and bad debt. In the past decade, the emergence of digital technologies including email, SMS and electronic payment platforms, has allowed debt […]
Video Blog – Wayne Clark (Executive Director of Building Industry Credit Bureau – BICB)
Recently, AMPAC’s Mark Logue caught up with Wayne Clark (Executive Director of Building Industry Credit Bureau – BICB) to discuss the credit risk outlook faced by suppliers to the building and construction industry. In this video Mark and Wayne look at what suppliers can expect in 2022, the concept of a ‘profitless boom’, and how […]
