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Year end collection push

I am heartened by the many Collections projects we were involved with last year. These projects will have made a major difference to these firms final collection numbers and more importantly the effort required to collect these amounts.

Law Firms Press to Get Bills Paid by Year-End
http://online.wsj.com/news/articles/SB10001424052702304773104579270470475326780

The critical number in here was the drop in total recovery rates have dipped from 90% in 2007 down to 83.5% in 2013.  

There are some simple measures to improve your Collections which firms can implement :-

1) Review payment terms. Consider 7 and 14 day accounts.
2) Look at your payment options do you make electronic payment easy?
3) Do you deliver bills electronically as PDF? They are faster and match the expectation of clients for quality and authorization.
4) Have you reviewed your client payment requirements? Some bill consolidation services are too expensive in the long run. Negotiate accordingly or leave these clients to your competitors.
5) Do you have File Opening procedures to ensure bad payors do not get through, and once identified are locked out?

Dave Callahan from Select*Associates commented that " This 6.5% dip represents the thin margin between profitability and uncertainty for many Law Firms. "

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Shopify and WooCommerce gain eCommerce market share

According to BuiltWith a site measuring the top web sites and the technology used behind it the results for August show Shopify building to a 19% share of "Australian" eCommerce sites. There are a few holes here though as this uses geographical data and .au  domains. It is cheaper to use a .com domain though and many sites are hosted on remote servers. BigCommerce also saw some local growth with some better pricing and more attention to new sites. This came at the expense of old systems like osCommerce and ZenCart. The "Other" space has grown which includes Neto.

Statistics for websites using Ecommerce technologies in Australia
https://trends.builtwith.com/shop/country/Australia

When looking globally at the top Million sites Shopify is dwarfed by WooCommerce. As we have pointed out WooCommerce is used by a very large number of sites, it may not be as successful but it gives a shopfront at little cost.

The global strength of WooCommerce was through a mass of smaller…

Smarter eCommerce mailouts - Opening up Retail Express to Mailchimp

Translator for MailChimp
Currently the sources used for email marketing include Shopify, Retail Express MailChimp, other mail applications such as Outlook groups and CRM systems like Insightly. Would it be nice to have ONE list?

·Seamless and Simple without end user intervention
The Translator for MailChimp means one centralised mailing list, providing centralized reporting and results. We can run tight campaigns and then report and measure the success of the campaign. Both with clicks and reads AND sales.

This is all done using the categories that you understand and value.


For more information please contact us at info@translatorhq.com.au