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MEDIATION & ACCOUNTS RECEIVABLE
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HOW CAN MEDAITION HELP OUR BUSINESS BE MORE PROFITABLE?
Being able to extend credit to your customers is an essential part of any business selling products and services to individuals and companies who themselves require time before they see a return on their investment.
Collecting those accounts receivable is equally essential for you to maintain the profitability of your company and to sustain the ability to continue to offer services and products.
Most of the time collecting those accounts is routine. Occasionally difficulties arise, due to various factors.
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- Your customers encounter cash flow or other financial difficulties
- You and your customer have differing understandings as to the arrangements that were made.
- Memories of agreements made but not recorded vary from person to person.
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You want to collect your Accounts Receivable in such a way that:
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- You maintain good relationships between your business and your customers.
- Both you and the customer will be dealt with fairly.
- The settlement will take seriously the realities of doing business.
- All parties are held responsible for commitments they have made.
- Each party is encouraged to take ownership of the situation and its resolution.
- You do so in a cost-effective way.
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MEDIATION IS SUCH AN OPTION! |
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MEDIATION IS A PROCESS IN WHICH TWO OR MORE PARTIES MEET WITH AN IMPARTIAL MEDIATOR TO DISCUSS ISSUES, EXPLORE OPTIONS, AND SETTLE ON OUTCOMES THAT TAKE SERIOUSLY THE INTERESTS OF ALL THOSE INVOLVED.
If you were to contract with
GRASSLANDS MEDIATION
to help you deal with difficult
Accounts Receivable,
we would
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- Determine the suitability of the case for mediation
- If deemed suitable contact the other party to invite them to participate in the process.
- If the other party agrees to mediation, meet with each party separately
- Facilitate the meeting between you and the other party and work toward a mutually acceptable way of resolving the matter.
- Write a report summarizing the agreement reached.
- If requested to do so, forward a copy of the report to legal counsel.
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When considering MEDIATION remember that |
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- Mediation is cost effective.
- Mediation creates the possibility of ongoing healthy business relationships.
- Mediation takes seriously the concerns of all parties.
- Mediation can help maintain the profitability of your business.
- Mediation is available in your community
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