Fundamental to protecting your business. Every business providing goods or services to their customers should have a robust Terms of Trade in place.
For Sole Traders and Small Business’s
For small to medium sized Business’s and Companies with one administration centre
For National Associations, Franchisors, Corporates and Business’s with subsidiary trading arms
Combine your Terms of Trade with any of our other Products or Services to create your own Custom Package specifically for your business today.
Why do I need Terms of Trade?
65% of all New Zealand business’s do not have effective Terms.
63% of new New Zealand business’s fail within 24 months.
There is a direct link between business success and having an effective Credit Management Policy. If your business has effective Terms of Trade you are already well on the way to success.
Regularly, businesses undertake work based on verbal or handshake agreements, which if things go wrong can leave the business and the business owner unprotected and vulnerable. Every business offering credit for the supply of Goods or Services should have a robust, compliant and customised Terms of Trade in place to protect and safeguard itself.
In these difficult times, businesses should be utilising Credit Management processes, to better protect themselves, much more than they currently are. This is especially true in regard to, having a robust and compliant Terms of Trade in place, alongside a comprehensive credit policy, to protect and safeguard the business around the areas of, e.g. the P.P.S.A. (making yourselves secured creditors), elements around the recent Privacy legislation changes, passing on debt collection costs, default listing of defaulting clients etc, are all only possible when utilised in conjunction with your client accepting your Terms of Trade.
Terms of Trade are the cornerstone to your business. NZBT will help you implement your Terms of Trade via our implementation service, if required. The most important thing is that as a business, you are utilising your Terms of Trade to effectively manage your businesses credit risk.
BUSINESSES WITHOUT EFFECTIVE TERMS OF TRADE
BUSINESSES THAT FAIL WITHIN THE FIRST 24 MONTHS
Get In Touch
595 Halswell Junction Road
09 390 2000
04 390 4000
03 390 9090