On Wednesday 11 November I presented to the members of BNI University, Cork, a chapter of BNI, the world’s largest business referral network. In an early morning meeting I gave an insight into debt recovery services for Irish businesses, and into why we do things differently at Taylor Ryan Recoveries.
Thank you to everyone at BNI University Cork for the welcome and for the questions. Here is a summary of what we covered, for anyone who couldn’t be there.
Why we do things differently
Taylor Ryan Recoveries was set up in 2022 to address the frustrations businesses tell us about when they try to recover overdue invoices: high legal costs, poor communication, limited transparency and little visibility of a debtor’s financial position.
Our approach is built around fixing those problems:
- No collection, no commission. You only pay when a debt is recovered.
- Regular updates and clear communication throughout the process.
- Credit checks to better understand a debtor’s financial position.
- Negotiation and practical payment plans where possible, with legal action as a last resort.
- A personal service, with a small team who know each case.
You can read more about our services at taylorryan.ie.
Protect your business before you extend credit
Three simple steps before you offer credit make recovery far easier if a customer doesn’t pay:
- Check the customer’s full legal name. A trading name and a limited company are not always the same thing, and the right legal entity matters if a claim is ever needed.
- Have signed terms and conditions. Agreed payment terms and due dates leave much less room for dispute later.
- Include a debt recovery costs clause. It makes clear up front that the cost of recovering an unpaid invoice can fall to the customer.
Who should you refer to us?
Any business owner who says:
- “My customer still hasn’t paid me.”
- “I’ve been chasing that invoice for months.”
- “They keep promising to pay.”
- “Cash flow is tight because of late payers.”
If you know a business dealing with overdue invoices, we are happy to offer a free consultation.
- Email: liam@taylorryan.ie
- Phone: 021 236 2900
- Web: taylorryan.ie
Visit BNI University, Cork
BNI University, Cork meets every Wednesday morning from 7:00 to 8:45am, and visitors are welcome. It is a good way to see how structured referral networking can help your business grow.
Whether you are looking to grow your business, meet quality referral partners or simply see how it works, it is well worth an early start. And if you know a business owner struggling with unpaid invoices, we’d be glad to hear from you.
Chapter (from the BNI post): https://lnkd.in/gATWGRiU
BNI worldwide: https://www.bni.com
BNI Ireland: https://www.bni.ie