CollectAR is a firm specializing in business-to-business (B2B) receivable management and collections, announces the opening of its Near-Offshore collections facility in Jamaica.

The facility will be supported by a Near-Shore office located in Toronto Canada. This approach is designed to position the company to provide clients with a low fixed-fee gain sharing service system designed to reduce collections costs, increase productivity and 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 near-shore and near-offshore accounts receivable collections alternative from CollectAR, bring 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 Near-Offshore advantage, will realize significant cost savings off of their 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 61 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, this service and the business process system will give clients faster access to cash collected from their customers. The Reason! CollectAR functions as an undisclosed extension of the clients accounts receivable department and funds collected are always paid direct to the client company or to their lock-box.

With CollectAR client funds are never deposited to our account and we do not deduct any fees from client funds.

The CollectAR management team has over 60 man years of B2B accounts receivable collections experience, in Canada and the U.S. working with both small to medium sized business accounts as well as fortune 500 accounts.

The Caribbean collections outsourcing facility is created to focus on providing B2B corporation with a low cost collections outsource service system, that can seamlessly integrate into their 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.

Contact: Ron Johnson
Phone: (905) 305-6696
www.collectar.com

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