Baycorp host Tauranga credit DIY evening

Tauranga businesses looking to recover outstanding debt can learn more about credit management in the digital world at a Baycorp information session next week.

Baycorp, New Zealand's most well-known debt resolution agency, is meeting with businesses around the North Island as part of a regional roadshow to highlight pathways to credit resolution and to explain new initiatives and technology.

Hosted by local Baycorp representative Lyn Egan, New Zealand general manager Donna Cooper and business services sales manager Victor Jamieson, the session will provide valuable tips on digital credit management as well as cover debt load trends in the Tauranga region compared to other North Island regions, recent changes in legislation and updates on Baycorp's evolution as a business.

Ms Egan has been with Baycorp for 10 years and said slow payment by debtors remained a reality for a lot of businesses in Tauranga.

"A number of my clients changed their credit policies due to the recession. They now have more effective terms of trade in place and their focus on overdue accounts has strengthened.

"We all need to keep up to date with the changes in the industry and the impact these have on a business' ability to recover their debts. This seminar identifies the ways Baycorp is changing to meet the new credit market, to provide quality credit reporting services to our clients to assist them with making smart, informed credit decisions. A key part of this is our partnership with Centrix, an online credit checking and reporting tool, and I look forward to sharing this information with our clients at the seminar."

With over 50 years' experience, Baycorp's expertise lies in unblocking debt, with everything business owners need from credit reporting, deploying legal and field services to data analytics.

Working with businesses of every kind and size, from sole traders and small-to-medium enterprises through to utility companies and telcos, Baycorp is skilled at tailoring financial recovery solutions that help safeguard business operations and improve cash flow.

Victor Jamieson said debt resolution is all about managing risk for companies and ultimately about generating a return from a potentially loss-making situation.

"Working with Baycorp minimises this risk and offers a better chance of success. Clients can leave the resolution of their debt to us, giving them more time to focus on their business."

The Tauranga event will be held at 8am on Wednesday, October 22 at the Tauranga Yacht and Power Boat Club. Email lyn.egan@baycorp.co.nz to find out more.