MS Consulting Groupwas formed out of a need to offer providers of Goods and Services, the in-house tools and assistance from the threat from delinquent or slow paying debtors.
Having grown from a small debt collection business, it was found that over 70% of our clients had insufficient agreements between themselves and their Debtors. Many others that had Terms and Conditions had not correctly applied them or indeed they were severely out of date!
Debtors can easily get a collector to retreat by simply complaining about the quality of services, long after the account was due to be paid. Another ploy to defer payment is to set-off the entire account because they have a dispute or query, and then they make it difficult for the supplier to resolve that very same query.
MS Consulting Group can position your business as an equal and get you top of the priority payment list with your Debtors.
Without having the correct 'rules of the game' established, providers of credit are running the risk of relying on the goodwill that exists with their customers, in the hope that they will play fair, when it's time to pay.
Over the past seven years, MS Consulting has assisted hundreds of Irish businesses to collect their money sooner rather than later, thus reducing the risk of incurring bad debts.
In to-days difficult trading climate, the old way of doing business in no longer relevant. Taking verbal orders and instructions from customers is highly risky and is unprofessional. If your business has no 'agreement' with your customers, you are offering unsecured loans to your customers and 'they' control when you get paid and not you!
By simply applying Terms and Conditions through a range of measures you can regain control over your Debtors and enjoy the benefits from getting paid sooner, without harming the relationship with your Customers.
With our simple to apply system, we can adapt your existing credit management systems to ensure you meet all of your legal obligations including Sales of Goods and Services Acts, Data Protection Acts ( Required under EU Regulations if you intend carrying out Credit Checks on Customers), to mention but a few.
Having correct terms and conditions in place will mean;
They will help protect against the loss of profit
Provide indemnity from potential liabilities
Enable charges to be imposed for late payment
Provide the advantage of reservation of title until goods are paid for (available in most circumstances where goods are sold)
improve cash flow and reduce the cost of monitoring payments
Ease of resolving disputes and unpaid accounts.
To have a free health check on your current Credit Management Procedures, simply E Mail us a copy of your Terms and Conditions of Trade, along with any relevant forms, i.e. Customer Credit Application Form, Quotation forms, POD's and any others that are currently used in your procedures. Please also include copies of E mail quotation templates and Order confirmation etc
A Member of MS Consulting Groups legal advisors will review your current documentation and we shall revert back to you with our findings any any recommendations . We send you draft copies and then schedule a meeting to go through the drafts in detail.
Your Account Manager will arrange to vist your business to brief the approprioate personell on how to apply them and we in turn set up specific customer forms on the web for your to use for E mail quotations etc.
MS Consulting Group offers 12 months ongoing support to assist your effort in collections and in helping to resolve disputes that may arise from time to time over payment issues