|
This is a unique receivables management and collection service
designed to maximize the recoveries from past due invoices
and reduce bad debt with an escalation of accounts system
and/or the implementation of an early
contact professional customer focused
collection call management system.
The reason for this approach to receivables bad debt
management, is
to eliminate the high cost and fees charged by conventional
collection agencies that is a profit drain to companies and
their bottom-line.
In addition, to encourage credit grantors, receivables
and /or collection managers outsource accounts early in
the delinquency cycle so as to maximize recovery of their
investment in receivables.
Under this system, CollectAR's strategy is
to accelerate your slow-paying accounts with the application of
a customer focused call
management - account management system and a systematic follow-up
program that delivers superior results and measurable return
on investment for a low per account fixed service fee, which
will always be much less than the cost of continued internal
pursuit of past due accounts, or the high cost of outside
3rd party collection agency fees.
In addition, with this service system, clients can implement an in-house collection rotation plan and establish
procedures to automatically transfer accounts into a
back-office account portfolio management system to be handled by the CollectAR
collections team after a certain number of in-house collection
call actions.
This approach will significantly enhance the
productivity of the in-house collections team and will allow
companies to outsource delinquent accounts earlier in the
delinquency cycle and have a dedicated collections team managing
and working the over 60 or over 90 days receivables investment,
which will result in reducing the dependency on collection
agency services, and the high cost of recovery.
This Bad Debt management system enables clients to focus
the attention of their internal collection staff on the early
delinquencies, typically the 30 to 60 days late accounts –
and/or the 30 to 90 days accounts and outsource the slow paying accounts not collected internally
within 60 days and/or 90 days to CollectAR for our special customer focused receivables
collections and account coverage service, thereby maximizing
internal and external collection results and recovery potential.
The Cost?
Bad Debt
Management Service Benefits
For more information
Contact
|
