NZBT's Credit Management Services

Unlock the secrets of effective Credit Management with NZBT and optimise your cashflow.

Welcome to New Zealand Business Tools (NZBT), your trusted partner in Credit Management.

In today’s competitive business landscape, effective credit management is more crucial than ever. It’s not just about granting credit; it’s about setting the right terms, ensuring timely collections, and safeguarding your business against bad debts. At NZBT, we offer a comprehensive suite of services that cover every aspect of credit management, ensuring that your business remains secure, resilient, and successful.

We know the challenges and difficulties of running a business in these difficult times, and the last thing you need is having to waste time chasing payments. We’ll free you up, to get on with what you do best – which is what you’re in business for.

Our service starts with a free consultation with one of our regional managers who will visit your business to understand where you’re at and your specific needs.

Key Components of Credit Control

Credit Policies: A well-defined credit policy is the cornerstone of good credit management.

Credit Analysis: This involves assessing the creditworthiness of a potential customer.

Credit Terms: These are the conditions under which credit will be granted to the customer.

What is Credit Management?

Credit Management is the process of granting credit, setting the terms it’s granted on, recovering this credit when it’s due, and ensuring compliance with company credit policy, among other credit-related functions. The goal is to maximize a company’s revenue and minimize the risk associated with bad debt.

The Importance of Credit Management

Cash Flow Optimization

Effective credit management ensures that your business maintains optimal cash flow.

Risk Mitigation

Proper credit checks and risk assessments can help you avoid bad debt.

Customer Relationships

Good credit management practices can help in building trust with your clients.

How NZBT helps businesses

Effective Credit Management is not just about minimising risk, but also about enhancing the quality of revenue and achieving sustainable growth. Call NZBT now to ensure your business is on the path to success.

Credit Policy Writing

Know who to extend credit to, set payment terms and limits, and procedures to handle arrears – to keep a positive bank balance or take on bigger projects.

Credit Checks and Credit Reporting

Be well informed to make good business decisions and mitigate risk with up-to-date risk profiles of companies you are looking at getting involved with.

Terms & Conditions of Service Writing

Set right expectations from the start enabling easy resolution of unpaid accounts and disputes, charging for late payments, and indemnity from liabilities.

PPSR/PPSA Registration

We’ll ensure you have valid and legally-compliant registrations to maximise your comeback in the event of your clients’ liquidation or receivership.

Debt Collection/ Recovery

We’ll collect payments for you by approaching your customers in a diplomatic manner to maintain good relationships and get the best outcomes for you.

Ledger Management

Let us monitor your accounts for early identification of possible problems, and then take pre-emptive action to avoid the hassle of full debt collection procedures.

Credit Health Check

Allow us to have a look at your accounts, processes, and operations to see where you’re at and then advise on the best way forward to reach a healthy position.

Training

Training, workshops, and consultancy tailored for your organisation – for best practices in credit management, debt recovery, payment negotiation, and contracts.

Subscription packages

Spread the cost while getting a complete suite of services to cover all your needs:

• Credit Monitoring Package – watching for potential problems before they occur

• Credit Management Package – hands-on administration to ensure full and timely payment