What is your commission rate and/or fee structure?
CFMG, and its affiliated companies, has been structured to leverage expertise, volume fluctuations and technology in an effective and targeted manner. This allows us to offer highly competitive commission rates to maximise the net return to our clients.
ECOLL has transparent, flat commission rates with a no collection, no commission guarantee
iMS operates a similar fee structure to ECOLL; due to the unique nature of the portfolios we customise pricing based on the nature of the accounts, volumes and your specific requirements
Linton Pitt Lawyers’ legal services are typically discussed on a case by case basis
Please contact our Sales Team or speak to your existing Customer Service Representative for more information. We look forward to an opportunity to craft a specific proposal for your needs.
Do you offer reduced rates for large account volumes?
We are able to negotiate reduced rates for larger volumes and/or longer term service engagements. Please contact our Business Development Team to discuss your specific portfolio and requirements.
Can you elaborate on what ‘end to end capabilities’ actually means? How much of this is outsourced?
Our comprehensive service offering encompasses debt recovery, insolvency management, hardship management, other speciality collections and related legal services. This means that we have the full, completely in-house, capability to manage your overdue accounts no matter what avenue is required to recover the funds.
All 3 companies within the Group are entirely Australian owned and operated, and are responsible for 100% of the service offering that is our claim. No need to commit valuable time and resources engaging and coordinating multiple vendors. We work in unison to provide you with an efficient, seamless debt recovery service that consistently delivers strong results to clients.
How can I find out more information about your services?
If any of my accounts require legal action, what is a simplified outline of the litigation process?
Nb. The above flowchart is based on an account belonging to an individual, under NSW jurisdiction and is intended as a guide only.
How can I get information about your collection related legal fees?
The Court determines the solicitor and Court fees which is a sliding scale based on the balance of the account. For this reason most fees are discussed on a case per case basis. For more information, and/or to engage us to craft a proposal tailored to your needs, please Enquire Now and select the option most convenient to you.
What Quality Assurance standard do you comply with?
We are an accredited member of ACA International’s Professional Practices Management System (PPMS) which is ISO 9001 standard and requires rigorous annual re-certification. This Quality Management System provides the framework from which all our business activities operate under. We proactively manage this essential element of our business such that the system is dynamic and ever-evolving. Our policies and procedures are regularly assessed for content accuracy and currency, and regular internal auditing and integrated continuous improvement measures are mandatory for accreditation. This means that constantly striving to improve the way we do business is not left to chance, it is part of our processes.
How do I get help improving the way my own business manages its account receivables internally?
We have the expertise and experience to assist you in reviewing and/or formalising your internal accounts receivables management. Our offering spans:
- cash flow management
- assessing credit risk
- setting appropriate risk parameters for accepting new client accounts
- drafting demand letters
- basic scripting of telephone calls (including navigating objections)
- in-house procedures and techniques to optimise your collection activities
- monitoring your debtor ledger
- basic searches for location of missing debtors
- ensuring all of your collection processes comply with all necessary legal and regulatory obligations.
To request more information, and/or speak to our Sales Team about how we can best tailor our services to meet your precise requirements please Enquire Now.
For those businesses that have adequate systems in place and are looking to ensure that the processes comply with the fundamental regulations prescribed by The Australian Competition and Consumer Commission (ACCC) and the Australian Securities and Investments Commission (ASIC), the following resource is a useful tool. If you have any questions or need further clarification please do not hesitate to contact us.
Disclaimer: The information displayed on this page is provided for information purposes only and does not constitute legal advice. If you have a legal problem, you should see a lawyer. Central Finance Management Group an affiliated companies aim to provide information that is accurate, however does not accept responsibility for any errors or omissions in the information provided on this page or incorporated into it by reference.