The Proven Methodology FOR GETTING PAID

Do you know why your accounts age?

Do you know why your accounts age? Although business used to be fairly conducted with a handshake, today’s construction economy is laced with financial risk shifting tactics, payment abuse, and peril.

Owners, lenders, and general contracts keep track of who leverages security, and who doesn’t. Consistently protecting and monitoring your security rights will prioritize your receivables, increase the speed of payments, and give your company consistent A/R performance.

Financial Risk Realities

Financial Risk on an Unsecured Project

Financial Risk on an Secured Project

Protect

Establish a company-wide preliminary notice policy that contemplates all projects.

Taking the proactive step of submitting your projects to preliminary notices will both improve your DSOs and payment percentages, and protect your company with security in the event the project or its receivables goes unpaid.

About The “Protect” Stage

Monitor

Track and monitor your receivables in the

Sending preliminary notice and taking protective action at the start of every construction project will put your company in an excellent position and will – by itself – optimize your receivables’ payment funnel. However, the job is not done. You must track your receivables against additional lien and security requirements.

About The “Monitor” Stage

Warn

Send a Notice of Intent to Lien to prompt payment &

The third stage of your security and receivables funnel is extraordinarily important. Until now, the security funnel has promoted preventive measures to optimize A/R performance. This next stage, however, performs a critical step in reaction to those receivables that do go into a past-due state despite the optimized funnel process.

About The “Warn” Stage

Secure

File mechanics lien or bond claim to secure payment.

It is in this stage that companies will file a mechanics lien, bond claim, stop notice, or some other available security instrument to assert the maximum amount of leverage against the other parties on the construction project. The use of security not only gives your company access to available collateral, but it also disrupts the flow of funds on the construction project and puts your receivable in the best collection position possible.

About The “Secure” Stage

Enforce

Foreclose on the property or send to collections.

The benefit of having security in this circumstance cannot be understated, as the collateral (i.e. the jobsite) will remain frozen during the entire course of the proceeding. This has two primary benefits:  (i) It puts additional pressure on the adverse party; and (ii) It substantially increases your chance of collecting any acquired judgements.

About The “Enforce” Stage

As proof, take a look at the results experienced by a Fortune 500 company that started using zlien’s technology to implement a preliminary notice policy. After just six months, there was a substantial impact made to their payment funnel.

Proof Points

The zlien Difference

Don’t fumble around with implementing your policies and tracking all of the requirements. Leverage the of your projects in real time, digest all legal requirements, apply your preferences and policies, and put you in total control of the security process.

Monitor the Results

What’s the point of using your lien rights if you don’t track the impact this process has on your accounts receivable performance? insights that will help you make better lien & notice decisions.

Value of Liens Filed v. Collected Impact of Notices on A/R

Billions Processed Every Year

10,000+ Companies

Integrated With Globe’s

Largest Companies

The Security Methodology Trusted by Thousands

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Take ControlTake complete control of your Security Process and adopt a proven methodology with zlien’s web based SAAS solution to the notice and lien process.

Get a demo free and learn how your notice process can be made stronger and more sophisticated.

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