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Sending accounts to collections? Do these first

American Profit Recovery

While many organizations hesitate to implement collection activity, there are an equal amount that may jump into it before they have done their due diligence. If you have customers who have not paid your business on time, you must first analyze whether your internal billing procedures were followed in the first place.

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Here’s your accounts receivable checklist for the coming year

American Profit Recovery

If your business is at a point where you know you can improve cash flow, there are many things that you can address internally that can advance your chances of better cash flow. If you’re running a small business, you may be cleaning up your books anyway to hand them off to your CPA for tax season.

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Building Successful Collections Teams: Strategies for Recruitment and Growth

Qualco

By George Fertakis , Senior Business Consultant at QUALCO. In our recent study on the collections sector conducted in partnership with Deloitte France, difficulty in finding the right staff emerged as a key challenge for respondents, both among those managing Banks’ collections departments and those overseeing servicing operations.

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Using Venmo for Business: Everything You Need to Know

Payment Savvy

When looking for a new payment method for business, Venmo may not be the first option to spring to mind. After all, what does a peer-to-peer payment app have to do with business-related payments? Venmo even has a dedicated program for its retail clients called Venmo for Business. Is it a good option for your business?

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Business survival tips for the next several months

American Profit Recovery

The year 2020 has been a long and stressful road for so many in business. We are sad to see what this past year has done to so many businesses that appeared to be thriving at the beginning of 2020. Here are a few items for your team to focus on in the next several months so your business can once again thrive.

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Small Business late payment costing SMEs £1.6Bn

UK debt collections

Small Business Late Payment and the cost of such has more than doubled in the past two years, reaching £1.6 The current trading conditions are being added to by the growing cost of small business late payment for SMEs. Xero revealed that the cost of small business late payment to UK small businesses rose to an estimated £1.6

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Why it’s important for collection agencies to share what they do

American Profit Recovery

There is a lot of important work done by reputable and professional debt collectors daily in this country. This work helps the overall economy, consumers that may be struggling with ongoing debt, and small businesses struggling to meet payroll and other expenses. Guess what happens when a business starts to lose money.