- Is your company suffering a temporary cash crunch brought on by
too much trade debt?
- Are you spending more time on the phone with creditors than with
customers?
- Is your cash flow behind your collections?
- Are you up to your available credit line and still need more
cash?
Our accounts payable negotiations specialist works with you
one-on-one to resolve your debt problems. We contact your vendors and create
a settlement program that works, negotiating a repayment plan that gives you the
time you need to keep your company’s goods and services flowing.
NEW YORK CREDIT can help your company:
- Enhance liquidity by delaying debt.
- Improve your short-term cash position.
- Renew vendor trust.
- Restore your credit.
- Avoid liquidation.
NEW YORK CREDIT trade debt specialists have helped more than 100 struggling
companies survive a cash crunch by managing and restructuring debt.
Here's How Our Four-Phase
Payables Negotiation Plan Works:
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Phase 1:
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We develop a
cash flow plan to determine exactly what your company’s cash position is on
a weekly basis.
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Phase 2:
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Once we know
what's needed, we develop a vendor moratorium—a plan you approve to present
to your vendors.
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Phase 3:
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We contact
your vendors on your behalf and negotiate new payment terms.
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Phase 4:
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We establish
a more favorable approach to payables so you can turn negative cash flow into
positive cash flow. We then monitor the first payment cycle.
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