I’ve always been a huge supporter of local businesses. My hat goes off especially to the ones that are active and integral parts of their local Chambers of Commerce across Canada. The role each of your businesses play in your local economy is crucial. I understand the unique challenges you face, especially when it comes to maintaining healthy cash flows and managing accounts receivable.
At MetCredit, we walk our talk. We are the only collection agency to be a member of 65 Chambers of Commerce and Boards of Trade (BOT) Canada-wide. No competitor is anywhere close, or ever has.
We recognize the vital role that Chamber and BOT members (and the Chambers and Boards of Trade themselves) play in building and sustaining vibrant communities.
That’s why we’ve created a special Chamber Rate and Board of Trade Rate for clients who are members of their local Chamber of Commerce or Board of Trade, to offer particularly great value while you optimize your cash flow.
Why Focus on More Effective Debt Collection?
Maintaining a healthy cash flow is paramount for any business, but it’s especially critical for the kind of small to medium-sized enterprises that typically operate within the tight-knit framework of a Chamber of Commerce or Board of Trade. Unpaid debts can quickly accumulate as you switch from one hat to another and work long hours.
Those overdue accounts add to your stress and become a silent threat to your financial stability and the smooth operation of your business. They threaten your brand reputation, your growth potential, your ability to deliver, and your very future.
How Can MetCredit Help?
1. Tailored Debt Collection Services: We understand that each business has its unique set of challenges and needs. At MetCredit, we pride ourselves on providing personalized debt collection services that respect the relationships you’ve worked to build with each of your customers. Our approach is always professional and ethical (Read about our Code of Ethics), ensuring that your customer relationships are maintained through the collections process.
2. Nationwide Support with Local Understanding: While we operate nationally and collect in every Canadian province and territory, with offices Canada-wide, our team is equipped with local market knowledge and expertise — fuelled by decades of boots-on-the ground experience and local commitments including our own 65 Chamber and BOT memberships. This localized approach ensures that we handle your collections with an understanding of the specific economic and regulatory environment that impacts your business.
3. Special Rates for Chamber & BOT Members: Recognizing the challenges faced by Chamber and Board of Trade members, we offer a special rate to ensure that our services are as accessible and affordable to community-minded businesses as possible. We believe in strengthening community ties and supporting local businesses in tangible ways. (Be sure to get our special Chamber Member Rate and Board of Trade Member Rate!)
Enhancing Your Business’s Financial Health
Effective debt collection is more than just recovering owed money. It is centred around enhancing your business’s financial health and ensuring its long-term sustainability. Here are a few tips on how to manage your receivables more effectively:
- Stay Proactive: Regularly review your accounts receivable and follow up promptly on late payments. In times like these, 60 is the new 90 in debt collection.
- Clear Communication: Ensure that your payment terms are clearly communicated from the outset.
- Understand Your Rights: Familiarize yourself with the legal aspects of debt collection and understand what actions you can take.
- Know the Warning Signs: recognize the top 10 red flags that a collection issue is near, and be set to take action.
Let’s Work Together,
Like Chamber & BOT Members Do Best
As an active member of the business community just like you, I invite you to reach out any time you’re facing challenges with debt collection — or when you just want to ensure your accounts receivable processes are as robust as they can be. At MetCredit, we’re here to help you navigate these challenges effectively and sustainably.
Remember, your financial health is crucial not just for your business, but for the health of the entire community. Together, let’s ensure that our businesses are as strong and resilient as the communities we serve.
Be sure to visit our special Chamber Members page and BOT Members page to learn more about how we can assist you. Your success is truly our success, and we’re here to support you every step of the way.
Keep building, keep thriving, and remember, the MetCredit teams and I are happy to help. Get to know us, for when you need us — and reach out now if your accounts receivable are becoming a concern.
