default logo

Brodie Credit Control Solutions helps you assess the risk of extending credit terms to your customers.

Had enough of bad debts and stress? Want to focus on your business? There is a solution.

Credit control is an industry term that refers to the critical business process of making sure credit is only extended to customers who are likely to pay in full and on time. Big businesses may have skilled teams to undertake this assessment, but not all business owners have the expertise and time to manage this critical business function. Bear in mind, if you’re running at a profit margin of 10% and you don’t get paid for $10,000 due, that’s $100,000 in earnings you have to make up to recover your shortfall. Bad debts impact your cash flow and bank balance, not to mention the undue stress and anxiety caused.

Why take the risk of not knowing to whom you are extending credit?

Our philosophy is to help our clients save time, stress and legal fees by taking prudent measures to help reduce the likelihood of bad debts in the first place. We do this by working with you to set up a simple and efficient credit application system to reduce the chances of receiving nasty surprises down the track. We then undertake a check of the information provided to give you a level of confidence to engage in business or make further enquiries. It’s your business – why risk it?

What’s the catch?

We’re completely upfront about our costs and what you receive for your investment. There’s a fee you pay us to assess the risk of you doing business with your customer, with bulk subscription discounts available. You pay a small amount to protect yourself from a potential bigger risk of loss. What price do you place on that? We can help you discuss ways in which you can recover our fee so your risk investment is cost neutral and our solution is end to end.

What do I get?

BCCS provides you with a Commercial Credit Account Application and Agreement form template. Simply add your logo & business name in the spaces indicated and ask your prospective customers to complete this form. Then send the completed form to BCCS with your payment. With our experience and capabilities, we take the hassle out of assessing the quality of your customer, provide a comprehensive service and respond with a Debtor Risk Assessment check report including:

  • Company and Business Search
  • Land Titles Search
  • List of potential risks (where applicable) eg:
    • whether there are any charges over the assets of the company
    • whether the residential property listed is actually owned by the director
    • how recent is the date of registration
    • if there is parent/holding company behind the applicant
  • Review of template forms to ensure they have been completed & signed correctly
  • Rating the risk category of the application to enable you to determine a suitable credit limit

Let us take care of this important task, so you can get on with building your business with peace of mind – knowing you have done what you can to minimise risk to your own company. See overleaf for next steps.

The key message

cash_flow_717395

Make sure you understand the information contained in a credit report. Missing small but vital details could cost your business. That’s where BCCS steps in with over 20 years experience to interpret the information obtained and provide a recommendation on how best to proceed. Offering a Trade Account is effectively extending a loan – diligence is critical.

Next steps

If you’d like to obtain your Commercial Credit Account Application and Agreement, please contact us at:
info@brodieccs.com.au or call us on 1300 276 343

If you need us, we’re here to help you every step of the way. Just let us know how we can help you.


Example Scenario

  • A REAL LIFE STORY: A small business was owed tens of thousands of dollars by a regular customer who had just been placed into receivership. It was subsequently discovered that their customer was in fact owned by a parent company with the same directors.The customer’s business showed no real assets, and the liabilities were in excess of $900,000. Because all the equipment and capital investments were owned by the parent company, the debt could not be recovered.THE LESSON LEARNED: When deciding whether to offer credit to the customer, a professional Credit Application Report would have supplied the information required to make an informed decision about the possible risks.