Streamline your debt recovery process with our suite of tools and get paid faster.
CreditorWatch’s debt collection tools help you get paid faster, eliminating the need to manually chase outstanding accounts. Our debtor management solutions enable you to gain visibility across all your debtors, identify risk indicators and prioritise collections. Strengthen your recovery procedures and utilise our debt collection letter templates for every stage of the collections process.
Our branded templates include welcome letters with payment terms; payment overdue notices; final notices; letters of demand; 30, 60 and 90-day reminder notices. Attach a CreditorWatch membership logo to all your invoices and statements. Our powerful third-party endorsement has been proven to expedite payments – using our logo increases your chance of receiving payment by 53%.
CreditorWatch integrates seamlessly with Xero and MYOB to streamline your accounts receivables process and highlight risky debtors directly in your accounting dashboard. Once integrated CreditorWatch can:
Payment defaults are unique to CreditorWatch and remain on a company’s credit report for up to five years. It is a powerful way to encourage your debtors to pay you faster. 91% of customers will not engage with a company with a default. Registering a payment default operates as a deterrent for slow or non-paying customers.
Find out more about how our debt collection tools can help you get paid faster.
Take a proactive approach to debtor management and debt collection with a 14-day free trial.