CollectAR a BPO service company, specializing in business-to-business (B2B) receivable management and collections, announces the opening of its Barbados collection support center.

This Barbados support center will allow CollectAR to provide clients with a low fixed-fee service system that will reduce their collections costs, increase productivity, enhance collections results and help drive more profits to the bottom-line.

This service will cost-effectively increase the rate of payment from credit sales accounts and increase the collection recovery rate from past due accounts while reducing the drain on business profits from high collection agency recovery fees.

This service system by CollectAR is an outsource business process service designed to collect past due accounts for a low, fixed fee that includes everything from contacting the client customer by phone, with structured follow-up management including collection demand letters, all the way to pre-litigation recommendation.

This new fixed fee Barbados accounts receivable collections alternative from CollectAR brings to businesses of all sizes, a true cost-effective accounts receivable solution for collecting past due accounts, regardless of the balance, number of invoices, account size and aging of the accounts.

Businesses that elect to take advantage of the CollectAR service will realize significant cost savings off of their existing in-house collection costs, as well as on the outside agency collections costs, which in most cases are driven by out of control receivables aging matrix.

Another benefit to businesses as a result of our low fixed-fee service, will be the opportunity to establish an accounts escalation system, that moves accounts to CollectAR once the account aging is at 45-60 days and over or some other set aging days.

This approach will help increase the working capital contribution from accounts receivable, by enabling businesses to outsource accounts early in the delinquent cycle so as to maximize collections recovery and give in-house collections staff more time to work on new billings and the management of customer accounts and disputes.

In addition, unlike the collections agency system, all payments are made direct to you, our clients, so access to cash collected is unchanged. The Reason! CollectAR functions as an undisclosed extension of our clients' accounts receivable department so funds collected are always paid direct to the client company or to their lock-box by their client/customers.

The CollectAR management team has over 25 years of B2B accounts receivable collections experience, in Canada and the United States working with both small to medium sized business accounts as well as fortune 500 companies and accounts.

The Barbados collections outsourcing facility is designed to seamlessly integrate into our clients receivables management business process, to collect accounts receivable early in the delinquency cycle, by design rather than by default, with a business partner-like customer focused commitment to excellence.