Remove 4-ways-account-receivable-collections-benefit-businesses
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4 Ways Account Receivable Collections Benefit Businesses

Credits Inc

Over 70 million Americans had a collection attempt between 2016 and 2017. As more and more account receivable collections pile up, businesses without the expertise needed to collect could risk losing thousands of dollars to wayward debt. accounts receivable collection. Expert Insight.

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4 little known benefits of using a debt collection agency

American Profit Recovery

When running any type of business, you are obviously dealing with clients and customers who ultimately need to pay you for your goods and services. Most people understand the basic concept of a collection agency. Customers do not pay, and your business sends those accounts to that agency for further activity.

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4 more myths about debt collections DEBUNKED

American Profit Recovery

Have you ever wanted to know the real story behind the debt collection industry? Want to get the inside scoop on how things really are in the world of debt collections? There are untold amounts of myths regarding collection agencies and how they operate. Think you know everything about the debt collection industry?

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4 ways compassion improves dental debt collections

American Profit Recovery

If you are a dental professional, you know this part of the business all too well. Getting a handle on your receivables can seem like a never-ending task for you and your team. You are in the business of compassion. When it comes to any type of business interaction or negotiation, being kind is just more effective.

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How Data Analytics Can Help Your AR

Nexa Collect

In a data-driven business world, knowing how to use data analysis tools optimally and what the advantages of data models are will allow you to assess the efficiency of your Accounts Receivable department. These are the main Key Performance Indicators (KPIs) used to measure recovery or collection of receivables: 1.

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ACH Transfers: What They Are and How They Work

Credit Corp

This is advantageous because it can help you avoid missed payments, late payments, and fees by knowing when you can expect money in your account. This guide will explain what ACH transfers are and how they work as well as their benefits and drawbacks. Electronic funds transfers are when you move money in a non-physical way.

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Best Practices for Medical Accounts Receivable Management

Nexa Collect

In one of our previous blogs, Using a Revenue Recovery Service to Recover debt , we discussed the risk undertaken by a business extending credit to another business, or consumer, by providing services in exchange for a promise of “due and proper consideration”. In accounting terms, this process bears the name of ‘accounts receivable’.