An accountant by trade, Malcolm has long specialised in financial credit management and helping businesses improve credit performance and processes. Knowing how costly mistakes can be made, he lives and works by the motto "do it once, do it right".
When Malcolm heard about the PPSA in 2010, he knew straight away he wanted to get involved. "I predicted the PPSA would have a big impact on credit managers and that's when I joined EDX," he says.
"The benefits of complying with the PPSA and registering on the PPSR are usually pretty significant. For most businesses, the benefits do far exceed the costs.
"Insolvency practitioners have only ever dealt with secured parties. With a PPS registration, you become a secured party, so the insolvency practitioner needs to deal with you. You'll be given the opportunity to recover your goods, or rights that you were never entitled to prior to the PPSA."
Malcolm shows clients how they can simplify the PPS registration process by using the automated ESIS platform developed by EDX from Equifax. He explains how it can be fully integrated into your business processes, and how it ensures registrations on the PPSR are created correctly and on time.
For purpose-fit guidance and exceptional support in validating, updating and renewing PPS registrations, contact our PPSR specialists at EDX by Equifax. With 40 years of combined experience in insolvency and credit management, they make it their mission to help businesses like yours use the PPSR to insulate against risk, including negotiating with insolvency practitioners to protect your rights as a creditor.
For PPSR Specialist advice, or to speak to Malcolm, please email us.
Disclaimer: The information contained in this article is general in nature and does not take into account your personal objectives, financial situation or needs. Therefore, you should consider whether the information is appropriate to your circumstance before acting on it, and where appropriate, seek professional advice from a finance professional such as an adviser.
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