Working in the local economy means TCS is always abreast of local economic challenges and the issues impacting Tasmanian business.

We understand the challenges you and your business face, which is why we aim to provide articles to share our knowledge with you and assist you and your business to make the best credit related decisions and lessen the risk of incurring bad debt where possible.

We provide our clients with our quarterly TASCollect ezine, which features articles to assist you in with your credit management practices.  We have provided a selection of these articles below.

Supporting customers through hardship and vulnerability

2019-12-13T20:13:54+10:00December 11th, 2019|TASCollect|

Our clients are becoming more aware of the requirements around dealing with customers who are at risk of or who are experiencing hardship and or financial vulnerability.

TCS is committed to a best practice approach to debt collection and as a result in November our collection team participated in best practice training on supporting customers through hardship & vulnerability via eMatrix, a firm specialising in this subject.

The training included how to identify vulnerable customers, identifying and understanding the best questions to ask to negotiate the best outcome for both the […]

Early Symptoms of distress from a Credit Manager’s perspective

2019-12-11T14:33:16+10:00December 11th, 2019|TASCollect|

Understanding the buying & payment patterns of your customers is key to detecting when there could be in impending problem. We asked Credit Manager, Leigh Garth to share some of her experience.
  1. Monitoring payment patterns. All of a sudden, the customer is getting later with their payments, however I am mindful of seasonal factors. I check patterns in prior years, matching the same period to ensure it is only temporary slow payment – (contact and put in a diary note for follow up)
  2. Have they changed method of payment? […]

What can you expect from your TCS Account Manager?

2019-11-25T06:57:47+10:00February 7th, 2019|TASCollect|

Tasmanian Collection Service allocates each of its clients an Account Manager who’s role is to assist you. They will seek to understand your business to determine how TCS can assist you best. This doesn’t relate only to matters placed with us for collection, your Account Manager will do their best to answer any credit or debt related questions you might have. Our Account Managers will seek to build a relationship with you based on our company values of Honesty, Integrity, Respect, Fairness & Confidentiality.

In terms of debt recovery, no […]

Collectors with Big Hearts

2019-11-24T20:06:23+10:00February 6th, 2019|TASCollect|

There’s no doubt we can be firm in collecting money, but we’re equally good at giving!

The staff of Tasmanian Collection Service have been actively fundraising for charities since 2000. If you visit our office on a Friday, you will see that we ‘dress down’ for the day in exchange for a gold coin donation. We participate in other fundraising events such as quiz nights, morning teas, raffles, and all so that we can support local charities.

We have donated in excess of $60,000 to charities and in recent years have […]

Does Your Cashflow Need an Injection?

2019-11-24T20:05:34+10:00February 6th, 2019|TASCollect|

Tasmanian Collection Service has long been regarded as a leader in the Tasmanian mercantile industry and has assisted hundreds of businesses with the recovery of their bad debts.

A business’ debtors are one of its best assets but poor management can contribute greatly to cash flow shortages.

Often, particularly in smaller businesses where staff numbers are limited, the business owner is forced to become a “jack of all trades” taking them away from the core business function that drives revenue. A larger business may find itself short staffed when employees take […]

So, You Think You Can Collect?

2019-11-24T20:03:42+10:00October 8th, 2018|TASCollect|

Asking for money is not everyone’s cup of tea but at Tasmanian Collection Service our staff are well trained to do just that. Part of ensuring our success is recruiting the right people for our roles and we’ve found that there are some traits that are particularly suited to Debt Collection.

Being able to look at a situation logically and to break it down into smaller pieces and to action accordingly can often be the difference between collecting or not collecting the debt. For example, looking at why the […]

5 Simple Things That Might Save you From a Bad Debt

2019-11-24T20:03:06+10:00October 8th, 2018|TASCollect|

If you’ve extended credit to a business, the following tips may alert you to a looming problem and assist you to avoid bad debt.

If a well paying customer suddenly changes their payment pattern this could indicate there is something else going on that you need to be aware of. Sometimes it could be as simple as the person you dealt with moved on and so your invoice is not being actioned appropriately, but it could mean that they are having cashflow issues, make contact asap.

If a […]