How to manage lien deadlines
and compliance in the cloud
Part I: Why Lien
Part II: Why The Cloud
Part III: How
Part I: Why Lien
Part II: Why The Cloud
Part III: How
Problem: You’re Unpaid
Solution: Too Many.
Which Will Work?
Problem: You’re Unpaid
Solution: Too Many.
Which Will Work?
hint: liens work.
The Construction
Industry Has Unique
Credit & Collection
Challenges
Some Remedies Just Stand
Out As The Best Available
But Every Remedy Has Warts
Alternative 1: Personal Guaranty
The Warts:
The Good: Personal Liability Prioritizes
Your Debt Among Others
Only as good a...
Alternative 2: Joint Checks
The Warts:
The Good: Staple of industry. Enables
you to collect from other
parties.
Joint chec...
Alternative 3: Notice of Intent to Lien
The Warts:
The Good: Highly effective, even when
you don’t have lien rights.
If you...
Alternative 4: Good Contracts
The Warts:
The Good: If your agreement includes
the right legal terms, you’ll
have lots of l...
Alternative 5: Followup
The Warts:
The Good: Following up on unpaid
accounts is very effective
to get them paid.
Sometimes,...
But The Mechanics Lien Is The
Best Remedy Available To
Contractors And Suppliers.
Construction Lawyers Agree:
“A personal guarantee or
joint check agreement is
nice to have, but not a
substitute for a lie...
Construction Lawyers Agree:
“An Unpaid Contractor’s
Best Friend”
David T. Arena, Esq.
Illinois Mechanics Liens: Di Monte &...
Construction Lawyers Agree:
“An essential collection tool
for contractors and material
providers in construction
projects....
Why Mechanics Liens Rule
View This Other
Presentation To Learn
Why Mechanics Liens
Work To Get You Paid
Or Articles Here:
...
Part I: Why Lien
Part II: Why The Cloud
Part III: How
What is “the cloud?”
Is IT Going The Way Of
The Milkman?
-- National Association of Wholesale Distributors
Buy Software
Licenses
Install on
every machine
IT on call to fix
any problems
with hardware/
software
Must set up a
backup ...
• Everyone logs in through a browser
• Never have software installation problems / upgrades
• No need to create a computer...
Part I: Why Lien
Part II: Why The Cloud
Part III: How
Demo
• Everyone logs in through a browser
• Never have software installation problems / upgrades
• No need to create a computer...
Your ERP / Accounting Platform
Stores Data In The Cloud
Received by zlien
RESULT: Automate Preliminary Notices
RESULT: Always Know Your Deadlines
RESULT: Lower DSOs, Less Bad Debt
• 2 Emails Per Week
For 6 Weeks
• Credit & Collection
Policy Tips
• How Successful
Credit Professionals
Increase Revenue
A...
Questions?
Mechanics Lien Compliance in the Cloud
Mechanics Lien Compliance in the Cloud
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Mechanics Lien Compliance in the Cloud

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The mechanics lien and bond claim rules are complicated, and since they vary from state to state and circumstance to circumstance, they are nearly impossible to manage and control.

Are you using Excel sheets to keep up with these deadlines? Or is someone personally calculating this stuff and figuring it out for you?

There's a way to manage all of your lien compliance in the cloud. This Webinar will show you why you need to manage lien deadlines, what the problem is in managing lien deadlines, and how a cloud-based solution can help.

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Transcript of "Mechanics Lien Compliance in the Cloud"

  1. 1. How to manage lien deadlines and compliance in the cloud
  2. 2. Every Wednesday 1pm CST Signup At: zlien.us/z-web Construction Credit Knowledge
  3. 3. Part I: Why Lien Part II: Why The Cloud Part III: How
  4. 4. Part I: Why Lien Part II: Why The Cloud Part III: How
  5. 5. Problem: You’re Unpaid Solution: Too Many. Which Will Work?
  6. 6. Problem: You’re Unpaid Solution: Too Many. Which Will Work? hint: liens work.
  7. 7. The Construction Industry Has Unique Credit & Collection Challenges
  8. 8. Some Remedies Just Stand Out As The Best Available
  9. 9. But Every Remedy Has Warts
  10. 10. Alternative 1: Personal Guaranty The Warts: The Good: Personal Liability Prioritizes Your Debt Among Others Only as good as the individual signing it, and contract language can be tricky.
  11. 11. Alternative 2: Joint Checks The Warts: The Good: Staple of industry. Enables you to collect from other parties. Joint check agreements vary from form to form, and courts interpret differently. You never know what you’re going to get.
  12. 12. Alternative 3: Notice of Intent to Lien The Warts: The Good: Highly effective, even when you don’t have lien rights. If you don’t get paid, you just made an empty threat. This sets bad precedent.
  13. 13. Alternative 4: Good Contracts The Warts: The Good: If your agreement includes the right legal terms, you’ll have lots of leverage. It doesn’t guarantee payment, and must be done before you have a payment problem.
  14. 14. Alternative 5: Followup The Warts: The Good: Following up on unpaid accounts is very effective to get them paid. Sometimes, a non-pay situation will escalate too far to be solved by followup or similar management tools.
  15. 15. But The Mechanics Lien Is The Best Remedy Available To Contractors And Suppliers.
  16. 16. Construction Lawyers Agree: “A personal guarantee or joint check agreement is nice to have, but not a substitute for a lien or bond claim.” Joe Virene, Esq. Texas Subcontractor & Supplier Legal Guide
  17. 17. Construction Lawyers Agree: “An Unpaid Contractor’s Best Friend” David T. Arena, Esq. Illinois Mechanics Liens: Di Monte & Lizak LLC
  18. 18. Construction Lawyers Agree: “An essential collection tool for contractors and material providers in construction projects.” Paul C. Bauducco, Esq. Smart Tools of the Construction Industry
  19. 19. Why Mechanics Liens Rule View This Other Presentation To Learn Why Mechanics Liens Work To Get You Paid Or Articles Here: Why Lien
  20. 20. Part I: Why Lien Part II: Why The Cloud Part III: How
  21. 21. What is “the cloud?”
  22. 22. Is IT Going The Way Of The Milkman? -- National Association of Wholesale Distributors
  23. 23. Buy Software Licenses Install on every machine IT on call to fix any problems with hardware/ software Must set up a backup plan to always backup data Must create internal network to share data within software Update software to fix any bugs on all computers Upgrade to newest software version
  24. 24. • Everyone logs in through a browser • Never have software installation problems / upgrades • No need to create a computer network • All data is saved on a remote, backed up, and protected server • Systems can interact with each other easily
  25. 25. Part I: Why Lien Part II: Why The Cloud Part III: How
  26. 26. Demo
  27. 27. • Everyone logs in through a browser • Never have software installation problems / upgrades • No need to create a computer network • All data is saved on a remote, backed up, and protected server • Systems can interact with each other easily
  28. 28. Your ERP / Accounting Platform Stores Data In The Cloud Received by zlien
  29. 29. RESULT: Automate Preliminary Notices
  30. 30. RESULT: Always Know Your Deadlines
  31. 31. RESULT: Lower DSOs, Less Bad Debt
  32. 32. • 2 Emails Per Week For 6 Weeks • Credit & Collection Policy Tips • How Successful Credit Professionals Increase Revenue And Decrease Risk Free! http://zlien.us/6week-creditpro Learn More About This Problem
  33. 33. Questions?

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