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Debt management on the cloud for industrial businesses

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A new member service by GS1 Australia will enable businesses to avoid bad debt and improve cash flow.
Every year, hundreds of profitable small businesses close down simply because they don’t have the cash coming in fast enough from customers.
GS1 CEO Maria Palazzolo explains that cash flow is a big issue in businesses of any size. GS1 Australia has therefore decided to offer members the opportunity to explore a range of value-added services such as DIY Collections.
GS1 Australia has partnered with DIY Collections, an innovative cloud-based software application that facilitates a fast, affordable and self-managed debt recovery solution to allow business owners to maintain full control from the comfort of their office.
Subscribers simply upload, select and submit their debtor details to the cloud to create customised letters that are sent out by email or post. No commissions are payable and no annual contracts are entered into, allowing the member to opt out any time. The letters are supported by a full-service collection agency.
Being cloud-based, there is no need to purchase any hardware or software. Subscribers can simply log in to a secure web portal to register and start their self-managed debt recovery program immediately.
GS1 Australia’s introductory offer for the service will help members save 50% on their subscription.

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