Enterprise Recovery

AUGUST 7, 2020

No matter the type or size of your business, accounts receivable and collections is a valuable part of your operations and cash flow. B2B (business-to-business) accounts receivable and collections, however, is very different than B2C (business-to-consumer) for a number of reasons.

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Enterprise Recovery

MAY 14, 2021

Accounts receivable refers to the amount due from customers for sales transactions using credit, financing, or regular timed retainer payments. When measuring and collecting A/R, your business gets a clearer view of dependable cash flow and has the data to make informed business decisions such as investments and hiring.

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Collections 130

Enterprise Recovery

JUNE 26, 2020

Did you know that your accounts receivable collections can affect your business reputation? Obviously, your branding and online perception is going to influence sales and ultimately your revenue. Another part of your business' reputation, however, is how you approach the financial aspects of your business.

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Collections 130

Debtor Daddy

JANUARY 16, 2022

In this post, Debtor Daddy looks at five key trends we’re predicting in accounts collections this coming year. Implementing accounts receivable collections tools (such as Debtor Daddy) that automate processes has many advantages. Greater visibility of accounts data. Increasing automation. Cash is king.

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Chargent

MAY 4, 2021

Chargent's Automated Collections module helps you deal with the problem of failed payments. Here are our answers to the 5 most popular questions for configuring accounts receivable collections in Salesforce. The post 5 Top Questions for Accounts Receivable Collections Software appeared first on Chargent by AppFrontier.

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American Profit Recovery

MARCH 13, 2024

A healthy debt collection process helps businesses of all sizes maintain positive cash flow which is critical for many reasons. Let’s go through some of the obvious and not so obvious reasons why debt collections is an integral part of your organization’s cash flow. Or worse, credit lines.

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Chargent

JULY 6, 2021

By automating your dunning process, you can significantly reduce your involuntary churn rate and help improve accounts receivable collections. The post 5 Benefits of an Effective Dunning Process for Accounts Receivable Collections appeared first on Chargent by AppFrontier.

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Collections 52

Debt Recoveries

JUNE 1, 2021

Unless you are actually a debt collection expert like Debt Recoveries Australia , there is a good chance that you have quite a few higher priorities than managing your company’s accounts receivable. You might even delegate that task out to an assistant or employee without much thought to collect debts fast.

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Credits Inc

JANUARY 3, 2020

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. Four Reasons Account Receivable Collections is Best Left to Professionals.

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American Profit Recovery

OCTOBER 20, 2023

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. Following solid and systematic accounts receivables processes can help lay the groundwork for successful debt collections when necessary.

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Enterprise Recovery

JULY 17, 2023

If your business is in a situation where goods or services have been provided, but your customer has failed to pay their invoice on time, it's up to your accounts receivable team to follow up. It's crucial to provide a detailed process for escalating past-due invoices beyond accounts receivable to collections.

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Collections 186

American Profit Recovery

SEPTEMBER 8, 2023

Many organizations we encounter have waited far too long to implement a solid debt collection program. Because of this, many businesses suffer negative cash flow and these issues could have been prevented by being proactive with their collection activities. That makes it difficult to repay that debt, even if they intended to.

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Credits Inc

MAY 25, 2019

account receivable collections. As you are probably aware of by now, it can be difficult collecting payment for all of your outstanding invoices. Below are four of the most common mistakes that businesses make with their accounts receivable, and some tips for how to avoid them. Managing your business'.

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American Profit Recovery

JANUARY 9, 2024

So why not in the process, take a hard look at your accounts receivable process and make any necessary changes. Here’s a checklist of must-haves to improve your internal accounts receivable processes for the New Year. You must consider debt collections an important part of the accounts receivable process.

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Collection Agencies Collections Agency Collections 219

American Profit Recovery

NOVEMBER 14, 2023

The debt collection industry is a vital part of the US economy. And for many businesses, it is a critical part of the overall accounts receivables process. Many small businesses and larger organizations rely on the expertise and efforts of third-party collection agencies every day. And for good reason.

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American Profit Recovery

AUGUST 18, 2023

For a business, it can be very easy to allow your past-due accounts to pile up. Before you know it, these accounts are no longer 90 days past due, and they are six months or more. These accounts don’t seem to be a top priority, and they can be awkward to deal with. Being busy and having a lot to do is a great thing.

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Collections 233

American Profit Recovery

SEPTEMBER 6, 2023

Collecting debt is just something a business of any size will have to do. Not getting paid on time for many businesses can create an environment where that business makes mistakes in collecting that debt. At the very least, your business should understand the Fair Debt Collection Practices Act (FDCPA.)

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Collections Collection Agencies Collections Agency Fair Debt Collection 216

American Profit Recovery

JANUARY 12, 2024

Of course, pay attention to laws that apply to debt collections. Follow proper accounts receivables procedures We cannot understate the importance of having proper accounting procedures in place. This is why it is critical for your business to have an established accounts receivable system regardless of size.

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Collection Agencies Collections Agency Collections 179

Enterprise Recovery

MARCH 24, 2023

As accounts receivables (AR) begin to fall delinquent, your business expenses could fall delinquent as well. The effectiveness of your accounts receivable department may be one of the most important measurements to determine the success of your business.

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Credits Inc

JUNE 13, 2019

Also, it has been noted that the sooner an accounts receivable debt collection process is initiated, the higher the chances of fast recovery. As a result, it is important to explore the options your business has when it comes to debt collection. accounts receivable debt collection. Legal liability.

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American Profit Recovery

SEPTEMBER 14, 2022

Before your business decides it’s not a good idea to use a collection agency or you simply cannot afford it, we have a few pieces of advice you should consider before shutting the door on getting third-party help. There is much more to consider before you decide not to use a collection agency to improve your cash flow.

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Collection Agencies Collections Agency Collections 207

Account Recovery

MARCH 15, 2024

The suite of Generative AI-powered, self-service solutions includes voice, chat, email, and text automation to accelerate collections and enhance consumer experiences.

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Collections 147

American Profit Recovery

OCTOBER 18, 2023

This is where Business-to-Business (B2B) collection agencies come into play. However, the relationship between a collection agency, its clients, and their customers can be delicate. Let’s explore how a B2B collection agency can work with clients and their customers in a reputable and successful way, benefiting all parties involved.

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Enterprise Recovery

JUNE 3, 2022

But do you know if your collections efforts are broken? If your business has established in-house ( first-party ) collections, accounts receivable and/or debt collection agency partners, it is still a good idea to ensure you're leveraging the best resources, technology, and vendor pricing available.

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Collection Agencies Collections Agency Collections 205

Enterprise Recovery

APRIL 28, 2023

Listed as an asset on financial statements such as the balance sheet , accounts receivable is an important resource to your business. It's considered an asset because it can be converted to cash if collected within the payment terms set in your client contracts. Does your business use an accounts receivable policy?

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Collections 208

Enterprise Recovery

JULY 29, 2022

In simple terms, accounts receivable management is the means for collecting money that is owed after extending credit for or agreeing to provide goods and services. Use these tips to rescue your business cash flow with accounts receivable management.

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Enterprise Recovery

AUGUST 30, 2021

When your customer accounts become delinquent, they may have a number of reasons for not paying on time. If your in-house accounts receivable or collections department is fielding some of these excuses, here are some tips on how to handle them. Some of these excuses may be perfectly reasonable and others, not so much.

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American Profit Recovery

MARCH 2, 2022

Before sending any customer to a debt collection agency, it’s important for a business of any size to conduct its due diligence to try and resolve that matter. Having an established relationship with a reputable collection agency is an important part of your overall accounts receivable program.

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Account Recovery

APRIL 1, 2024

A proposed rule issued by an agency of the Treasury Department last week started making waves in the accounts receivable management industry when it became clear that collection operations would be subject to the proposal which is aimed at mandating that required disclosures given to consumers be done so in multiple languages, regardless of the […] (..)

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American Profit Recovery

JUNE 23, 2023

We speak to business owners and other decision-makers all the time when it comes to debt collections and there is one question they ask repeatedly. As the old saying goes, “check is in the mail…” but it doesn’t happen and this is another warning sign that you may need to get more assertive in your collection activity with this customer.

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Collection Agencies Collections Agency Collections 161

American Profit Recovery

JANUARY 5, 2024

Your accounts receivable process is a great way to build relationships You heard us right. Choosing the right collection agency can save customer relationships Again, you heard that right. And that’s why you need to choose the collection agency for your business carefully. Will you implement that idea?

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Collection Agencies Collections Agency Collections 201

Enterprise Recovery

JANUARY 21, 2022

As part of setting up your accounts receivable department for success, it's important to define responsibilities, create job roles and policies to ensure things run smoothly. As you're going over tasks for the new year , is it time to update your credit, accounts receivable, or collections policies?

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Collections 190

American Profit Recovery

MARCH 15, 2024

Here are some reasons why taking customers to small claims court may not be the best solution to collect outstanding debt. Debt collection strategies instead of small claims court While small claims court can be a useful tool in some situations, it’s best for your business to implement more effective debt collection strategies.

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American Profit Recovery

FEBRUARY 27, 2023

Whether you are a lawn care or landscaping professional, contractor, a plumber or electrician or any small business that gets busy during the spring and summer months, it’s time to review your accounts receivable process before you get too busy. If not, carve out some time before you get busy and make these happen.

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Collection Agencies Collections Agency Collections 130

Account Recovery

FEBRUARY 6, 2024

For those of you keeping track of what does not constitute standing to sue in federal court, you can add receiving a collection letter that makes it appear you are responsible for a debt owed by your dead husband that includes an account number that is different from the account number that had previously been […]

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Collections 130

American Profit Recovery

JUNE 11, 2023

And that should concern every business owner, entrepreneur and anyone responsible for accounts receivables. There has never been a better time for your business to hit the pause button and thoroughly analyze your entire accounts receivables program. Picture your personal life.

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Collection Agencies Collections Agency Collections 130

Enterprise Recovery

OCTOBER 8, 2021

When your business needs to make a call to get invoices paid, make sure your accounts receivable and collections specialists are using the right language and abilities. Successful calls are handled by skilled collections specialists with the qualities of persistence, confidence, great listening skills, and training.

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