instantly clean up your a/r: a fool proof plan with clear roi

Post on 11-Nov-2014

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Everyone in the construction industry has an aging A/R report, and everyone in the construction industry has debts that migrate across the sheet into "bucket #4," the dreaded 90+ days category. What can you do about these debts? Those in the construction industry can use their lien and bond claim rights to instantly clean up some of these aging receivables. This Webinar explores a "fool proof plan" to get paid on some of these hopeless accounts. The plan has a clear ROI. Is your bottom line ready for some extra cash?

TRANSCRIPT

A Fool Proof Way To Clean Up Your A/R

Every Wednesday1pm CST

Signup At:zlien.us/z-web

Construction Credit Knowledge

PAY WHEN PAIDPAY IF PAID

JOINT CHECK AGREEMENTSBANKRUPTCIES

DELAY DISPUTES & DAMAGESWORKMANSHIP DISPUTES

CHANGE ORDERSSCOPE OF WORK ISSUES

CODE INSPECTION VIOLATIONSPREVAILING WAGES

PAY WHEN PAIDPAY IF PAID

JOINT CHECK AGREEMENTSBANKRUPTCIES

DELAY DISPUTES & DAMAGESWORKMANSHIP DISPUTES

CHANGE ORDERSSCOPE OF WORK ISSUES

CODE INSPECTION VIOLATIONSPREVAILING WAGES

There are a lot of reasons why

getting paid is tough in your industry

Every time you can’t collect a $100,000 Debt

The company needs a lot of money to break even:

10% NET: $1m5% NET: $5m1% NET: $10m

Time Flies

10DAYS

Time Flies

30DAYS

Time Flies

60DAYS

Time Flies

90+DAYS

Your A/R Report Gets Really Long.CONSEQUENCE

You can’t call everyone.CONSEQUENCE

Debts Slip Away.CONSEQUENCE

WHATCan YouDO?

You Need A Payment Funnel

Payment Funnel

Protect Mechanics Lien & Bond Claim RightsOn All Projects At The Start

Payment Funnel

Smart CompaniesAlways SendPreliminary NoticesBecause they prioritize your invoices above others.

Payment Funnel

Protect Mechanics Lien & Bond Claim RightsOn All Projects At The Start

GCs and Owners Track Who Does And Does Not Send Notices

Payment Funnel

30 Days OverdueSend Notice of Intent

Protect Mechanics Lien & Bond Claim RightsOn All Projects At The Start

Payment Funnel

What If...50% Of Your Trouble AccountsWOULD PAY YOU

Within just 20 Daysof sending 1 little documentThat was really, really inexpensive

Payment Funnel

30 Days OverdueSend Notice of Intent

Protect Mechanics Lien & Bond Claim RightsOn All Projects At The Start

The Notice Of Intent To Lien

View the Infographic:http://zlien.us/noitl

http://zlien.us/incredit

Payment Funnel

30 Days OverdueSend Notice of Intent

75 Days OverdueFile Mechanics Lien

Protect Mechanics Lien & Bond Claim RightsOn All Projects At The Start

Construction Lawyers Agree:

“A personal guarantee or joint check agreement is nice to have, but not a substitute for a lien or bond claim.”

Joe Virene, Esq.Texas Subcontractor & Supplier Legal Guide

Construction Lawyers Agree:

“An Unpaid Contractor’s Best Friend”

David T. Arena, Esq.Illinois Mechanics Liens: Di Monte & Lizak LLC

Construction Lawyers Agree:

“An essential collection tool for contractors and material providers in construction projects.”

Paul C. Bauducco, Esq.Smart Tools of the Construction Industry

View the Infographic:http://zlien.us/1aJ8znt

Payment Funnel

30 Days OverdueSend Notice of Intent

75 Days OverdueFile Mechanics Lien

File Foreclosure LawsuitBefore State Deadline

Protect Mechanics Lien & Bond Claim RightsOn All Projects At The Start

Payment Funnel

30 Days OverdueSend Notice of Intent

75 Days OverdueFile Mechanics Lien

File Foreclosure LawsuitBefore State Deadline

Protect Mechanics Lien & Bond Claim RightsOn All Projects At The Start

NOT LIKELY!

Payment Funnel

5% Or Less Of Projects Need

2.5% of ProjectsOr Less Need

< 1% of ProjectsOr Less Need

100% Of Projects Need

Payment Funnel

50 Accounts

25 Accounts

9 Or Fewer Accounts

1000 Accounts

1 Account = $10,000

$10,000,000 Of Accounts90k Uncollected (in Litigation)

= 0.9% Uncollected Percentage

Payment Funnel

50 Accounts

25 Accounts

9 Or Fewer Accounts

1000 Accounts

1 Account = $10,000

$10,000,000 Of Accounts90k Uncollected (in Litigation)

= 0.9% Uncollected Percentage

And Even That May Be Collected Through Litigation

Payment FunnelClient Example

Payment FunnelClient Example

Bad Debt Write Offs:

2010:

2011:

2012:

.035%

.067%.012%

Payment FunnelClient Example

Bad Debt Write Offs:

2010:

2011:

2012:

.035%

.067%.012%

“We have a lot more options now if we want to work with

someone who has risky credit or can’t pay our

deposit upfront.”

Export Your Aged Receivableswith Project Information

Send to zlien for importing

We Calculate Which AccountsStill Have Lien Rights

Create Actionable DeadlinesKnow which accounts are eligible for liens

Create Actionable DeadlinesKnow which accounts are eligible for liens

Send Notices of Intent &Get Paid On Half

File A Lien On The Remainder And Get Paid on

> 65% Of Those

Continue Protecting Your Lien Rights To Improve DSOs

Create Actionable DeadlinesKnow which accounts are eligible for liens

Send Notices of Intent &Get Paid On Half

File A Lien On The Remainder And Get Paid on

> 65% Of Those

Continue Protecting Your Lien Rights To Improve DSOs

Create Actionable DeadlinesKnow which accounts are eligible for liens

Send Notices of Intent &Get Paid On Half

File A Lien On The Remainder And Get Paid on

> 65% Of Those

Continue Protecting Your Lien Rights To Improve DSOs

RESULT: Lower DSOs, Less Bad Debt

http://zlien.us/bulkliens

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