©Copyrights ATOZ Business Consultants 2002 1 BAD DEBT REDUCTION PLAN LOCAL AUTHORITIES FOR.

©Copyrights ATOZ Business Consultants 2002 1

BAD DEBTBAD DEBTREDUCTION PLANREDUCTION PLAN

LOCAL AUTHORITIESLOCAL AUTHORITIES

FORFOR


PRESENTED BY:PRESENTED BY:

BUSINESS CONSULTANTS BUSINESS CONSULTANTS cc 2001/1644cc 2001/1644

UNDERWRITTEN UNDERWRITTEN BY:BY:


BACKGROUND

There is an inevitable expansion of municipal services due to increase in housing stock.

Financial implications are that bad debt ratio will subsequently increase

Historically the Bad debt Reduction Plan was presented to municipalities through NALAO


THE PROBLEMTHE PROBLEM

Main Reasons for Bad Debts!!!!

INABILITY TO PAY

UNWILLIGNESS TO PAY


THE SOLUTIONTHE SOLUTION

Prevent the occurrence of new bad debts

Reduce existing bad debts


NEW DEBTS – INSURANCE

EXISTING DEBTS - COLLECTION

HOW DO WE MANAGE?


ADVANTAGES ADVANTAGES Improved collections Higher debt recovery rates Secured Additional Income Peace of mind for customer Peace of mind for municipality Traceability Job Creation


ADVANTAGES

ATOZ Central Admin System

City of Rundu

Gobabis Metropolis

City of Windhoek

Mariental Municipality


CONCLUSION Creation of a sustainable repayment culture Investment and development opportunities Credit risk and traceability of clients mitigated Reciprocal financial rewards are available to

municipalities. Internationally vetted product Product meets approval of international insurers ATOZ holds intellectual property rights.


Thank You Ndapandula

Dankie

Vielen Dank Kea Leboga

Ndiyabonga

Okuhepa GangansObrigado


• Business OptimisationBusiness Optimisation• HR Support ServicesHR Support Services• Labour RelationsLabour Relations• Training and DevelopmentTraining and Development

• Micro Finance Micro Finance • InsuranceInsurance• Group Funeral PlansGroup Funeral Plans• Pension FundsPension Funds

BUSINESS CONSULTANTSBUSINESS CONSULTANTScc 2001/1644cc 2001/1644

Cell: 081 643 2185 or 081 665 0024Cell: 081 643 2185 or 081 665 0024E-mail: [email protected]: [email protected]

Harald .J. KambrudeHarald .J. KambrudePrincipal MemberPrincipal Member

©Copyrights ATOZ Business Consultants 2002 1 BAD DEBT REDUCTION PLAN LOCAL AUTHORITIES FOR.

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