Payment Savvy

AUGUST 19, 2020

Account Receivables Management is a set of procedures aimed at managing credit sales. It includes evaluating a client’s creditworthiness, outlining the terms of a credit sale, and developing an appropriate process for receivables collection. What is Account Receivables Management?

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Account Recovery

NOVEMBER 4, 2021

The following is not directly related to the accounts receivable management industry, but does underscore the importance of making sure that employees and collectors are not able to use the information they have access to in other jobs that they may have outside of working at a collection agency.

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Account Recovery

DECEMBER 20, 2021

technology-enabled provider of accounts receivable management (ARM) solutions, announced today it has completed its acquisition of EOS North America, a leading first- and third-party collection agency serving government, financial services, healthcare, telecom and utility clients in the United States and Canada.

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Credits Inc

OCTOBER 16, 2019

As a business owner, when it comes to debt collection, you have a variety of options to choose from. You may be required to seek a business debt collection services agency to help you recover the money owed. million in debt was recovered by debt collection agencies. business debt collection services. ,

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Credits Inc

OCTOBER 25, 2019

A study conducted in 2017 indicated 8,513 debt collection agencies were operating in the United States. The primary purpose of business debt collection services involves recovering delinquent amounts and past-due debts. business debt collection services. Subsequently, the consumer officially becomes a debtor.

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American Profit Recovery

SEPTEMBER 27, 2021

There are several reasons why organizations of all sizes would be looking for a debt collection agency. We always recommend that organizations manage part of the debt collection process internally before reaching out to a third-party agency. Need some extra help in managing your accounts receivables?

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American Profit Recovery

OCTOBER 29, 2021

As a collection agency working with all sizes of organizations and their accounts receivable management , we are often asked to take a look at how our team can improve the cash flow of our clients. Mostly, we see this when we are asked to come in and provide debt collections for small business.

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Arbeit Software

MARCH 31, 2020

The current pandemic is turning many industries on their heads, and Accounts Receivable is no exception.

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National Service Bureau

JUNE 26, 2014

Analyzing a healthcare collection agency is not a simple task. This is especially true if you are a small to mid-size healthcare facility and are unfamiliar with how collection agencies operate. What is your overall collections philosophy and what are your methods? Who will I be paying to represent my facility?

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Better Credit Blog

APRIL 1, 2022

If you fall into hard times, the inability to pay off your credit card bills or student loans can result in your debts being transferred to a debt collection agency. In fact, they are a multifaceted company that can be a part of the debt collection process in the early stages (pre-charge of recovery) or the post-collection stage.

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Collection Industry News

APRIL 8, 2021

Wednesday, April 7, 2021-Chicago- Commercial Collection Agencies of America is proud to announce the appointment of Mr. Kurt Albright to the Independent Standards Board effective immediately. Albright, Senior Advisor of Credit & Collections at Uline, Inc. Albright was recently approved by his Standards Board peers. “We

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Recoverity

DECEMBER 7, 2021

Our commercial debt collection agency is certified by the oldest and most prestigious creditors’ rights association in North America, the Commercial Law League Of America (CLLA). The post GGR appeared first on Recoverity.

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Brown and Joseph

OCTOBER 15, 2020

Brown & Joseph has been providing accounts receivable management services to the insurance industry for more than 20 years. As the only debt collection agency… The post Litigation & The Impact of COVID-19 appeared first on Brown & Joseph, LLC.

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PDC Flow

AUGUST 18, 2020

This year has seen vast, unexpected change for the credit and collection industry. These compliance and defense litigation skills applied nicely to the accounts receivable management industry. . What made you decide to focus your practice in financial services and more specifically in the debt collection industry?

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Credits Inc

OCTOBER 7, 2019

What to do about uncollected debt: hire a collection agency. accounts receivable management collection agency. How an accounts receivable management collection agency can help you collect debt. Don't make debt collection your full time job.

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National Service Bureau

MAY 12, 2015

As it relates to collections and accounts receivable management , skip-tracing is the process of locating debtors whose contact information is no longer accurate. Often, companies have to purchase access to this information, or hire a collection agency that already has access as part of their services.

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National Service Bureau

APRIL 6, 2015

Debt collection companies walk a fine line between business efficiency in their primary function (accounts receivable management), while at the same time needing to respect the fact that the debtor is a valuable client to the business for whom they are running collections. 4: False statements or representation.

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National Service Bureau

APRIL 21, 2015

There are a lot of collection agencies out there, and we at National Service Bureau wanted to take this opportunity to explain why we’re a little different from the others. Our collection philosophy and track record help to differentiate us, but that’s not the only reason we might be a good fit for your business.

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National Service Bureau

AUGUST 19, 2015

Like any industry, the debt collection and accounts receivable management industries have some bad apples. The latter are obviously people and organizations that you would want to avoid should your business need assistance with collecting on delinquent accounts. Or no legitimate debt buyer?

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Recoverity

JULY 14, 2016

SIMM is a full service nationally licensed ARM company providing collection solutions to the student lending, consumer lending, credit/retail card, healthcare, auto finance, credit union and debt buying industries. Our team includes a staff of more than 200 employees and is ranked as one of the top 100 agencies in the United States.

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Debt RR

OCTOBER 13, 2019

When it comes to debt collection and unpaid invoices, there are many ways a business can collect what is owed to them. Businesses can attempt to collect debt internally, putting a lot of time and resources into establishing processes and procedures, or they can use a debt collection agency that already has these processes in place.

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National Service Bureau

JULY 2, 2014

Now that you know how to choose the right healthcare collection agency for your practice, and you understand when to send delinquent patient accounts out for collection , now it’s time to make sure your collections partner is doing their job while also delivering the results they promised.

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On Guard

DECEMBER 6, 2022

Do you want your company’s accounts receivable management to be better prepared for the future? Read here what Visma | Onguard has to offer in terms of digital accounts receivable solutions. . This system ensures that your customer automatically receives the right personal communication at the right time.

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Credits Inc

JUNE 19, 2019

Current reports show that debt recovery agencies recovered more than $78 billion in 2016. The number is a clear indication that the services offered by debt collection service companies works and you should try if your debtors have exceeded the payment period that you had agreed upon. Agency Accreditation. Agency Reputation.

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National Service Bureau

MAY 18, 2015

But what does this actually mean for your business and debt collection? The flip side of that coin, however, is that adjustments might need to be made in how your business handles accounts receivable management. Nowadays, it’s an opportunity to reflect on those Americans 65 and older. As of July 1, 2013, there were 44.7

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Receivables Control

AUGUST 20, 2018

Great customer service improves collection results? Before getting to the nuts and bolts of improving collections through customer service, step back a moment in time to the previous century, when people still talked to each other and before technology eroded personal, human interactions. All agencies are NOT the same.

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National Service Bureau

NOVEMBER 9, 2015

When accounts fall into collections they tend to follow a predictable pattern. Although every situation is unique and there are industry particulars, if you have worked in accounts receivable management long enough you will start to recognize some definite patterns. trip to collections might be on the horizon.

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Troutman Sanders

JULY 7, 2021

The law does not impact most third-party collection agencies, but it does impact some creditors and debt buyers. The California commissioner of financial protection and innovation recently issued proposed changes to the notice of rulemaking for acquiring a debt collection license under the Debt Collection Licensing Act.

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Collection Industry News

JULY 20, 2020

DEBT COLLECTORS, facing growing demands to freeze the collection of debt across the country amid the economic hardship caused by the coronavirus pandemic, are mobilizing their lobbyists to push back. In New York, residents are receiving a 30-day reprieve from the collection of state-owned medical and student debt.

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National Service Bureau

MAY 22, 2015

Compliance is a huge part of the debt collection process, and collection agencies need to stay updated on the regulations and legislation that shape interactions with debtors, consumers, patients, etc. The Private Right of Action clause. Otherwise, a business risks financial and regulatory fines.

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National Service Bureau

SEPTEMBER 22, 2015

Improving your system of accepting and managing receivable accounts will help you to collect revenues more quickly, and will minimize your organization’s propensity to lose money to bad debt. Each state has different rules and regulations surrounding collections procedures. Step 1: Improve Contractual Legalese.

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Credits Inc

JULY 25, 2019

Your finances are no joke, which is why an accounts receivable management company may be the thing you need to take your business to the next level. accounts receivable management company. Hire a collection agency and your invoices will always go out on time. You will avoid late invoices.

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Receivables Control

MAY 30, 2018

Customer service, billing, credit, and collections staff benefit from knowing the boundaries too. Reign in Accounts Receivable Exceptions. Credit and accounts receivable management requires flexibility and judgment calls. Does your collection staff cater to customers asking for long term payments?

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National Service Bureau

SEPTEMBER 30, 2015

There has been a lot of discussion in the collections business about automated dialing equipment over the last few years as it relates to new industry regulation (the Telephone Consumer Protection Act, TCPA) and its application in practice. On one hand, creditors have a right to receive payment for good and/or services provided to debtors.

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National Service Bureau

OCTOBER 1, 2015

For example, set up automatic internal email notifications that instruct personnel to take a particular follow-on action (such as sending a late notice) in the event payment hasn’t been received. Even better, automate the email itself with a workflow that triggers when a late-payment signal is received.

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Troutman Sanders

JUNE 30, 2021

On June 26, Minnesota Governor Tim Walz signed into law a bill that expands the regulation of the accounts receivable management industry to include debt buyers and affiliated companies. Debt buyers, like collection agencies, must apply for a license with the commissioner of the Department of Commerce by January 1, 2022.

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Better Credit Blog

AUGUST 31, 2020

Estimates suggest that close to one-third of Americans have debt in collections. Even a single entry from a collections agency can do damage to your credit score for several years. Read on for a quick guide to dealing with the collections agency and getting it deleted from your report. The good news? Pmab services.

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