Buy Now, Pay Later (BNPL) services have become a game-changer for Australian shoppers, transforming how they purchase goods and services. Unlike traditional credit cards or payment methods, BNPL services let customers make purchases and pay in instalments without incurring interest—provided they meet repayment deadlines. This model has profoundly impacted consumer…
Unpaid invoices do more than slow down cash flow. They create uncertainty that makes business owners question their financial stability. For Australian companies, particularly small and medium-sized enterprises (SMEs), the effects of bad debt are more impactful. Over time, bad debt reduces flexibility and blocks future growth. Recognising the early…
At the start of 2025, Australian businesses’ insolvencies were at record highs, up 57% year-over-year. B2B payment defaults, a leading indicator of insolvency, have more than doubled in the past year. This signals increased financial stress and potential payment delays. However, it is only one side of the bigger picture.…
Chasing unpaid debts feels like it should be simple – until you are the one doing the chasing. Debt recovery, in theory, is a straightforward process: a creditor demands payment, and the debtor complies. But in reality, it is a game of persistence, negotiation, and strategic approach. Yet, recovering…
Cash flow is the lifeblood of any business. Whether you’re a small enterprise or a large corporation, effective cash flow management is crucial for maintaining financial stability, enabling growth, and ensuring long-term success. Poor cash flow management can lead to financial stress, hinder business operations, and even result in insolvency.…
Collecting debts can be a frustrating endeavour, especially when dealing with stubborn and dishonest customers. This often places a significant burden on business owners and staff, particularly in micro, small, and medium enterprises with limited resources. When invoices remain unpaid, companies may face challenges that can disrupt operations, hinder growth,…
In the fast-paced world of business and personal finance, managing debts effectively can be the difference between financial success and unnecessary stress. Pre-debt recovery, a proactive and strategic approach to addressing potential debts before they become problematic, has emerged as an essential tool for businesses and individuals alike. This blog…
Debt collection is a delicate balance between recovering outstanding payments and maintaining positive relationships with your clients. Businesses that use effective debt collection strategies can improve cash flow without alienating customers. This blog outlines practical, evidence-based strategies to help businesses, legal professionals, and financial institutions recover debts efficiently while keeping…
At Bluechip Collections, we understand the importance of efficient cash flow management. That’s why we offer comprehensive Accounts Receivable (A/R) services to Australian businesses, designed to streamline the collections process and help businesses recover overdue payments quickly. Our A/R services take the burden of chasing payments off your shoulders, allowing you…
The Cash Flow Challenges for Entrepreneurs For Australian entrepreneurs, managing cash flow is essential to sustaining business growth. Late payments can disrupt a startup’s ability to pay employees, invest in new projects, or meet day-to-day expenses. Debt collection is often a last resort for entrepreneurs, but working with a reliable…
Introduction to Debt Collection in the Accounting Sector In Australia’s accounting and finance sector, ensuring timely payment for services is essential for maintaining financial health. As trusted advisors, accounting firms often deal with high-value clients and complex transactions, making it crucial to have a streamlined approach for unpaid invoices. Bluechip…
For unsecured creditors, the risk of lending or extending credit without collateral is high. A strategic approach to credit management is essential to safeguard against potential defaults. One proven method is evaluating clients through the “5 C’s of Credit Management,” which provides a comprehensive framework for assessing the creditworthiness of…