American Profit Recovery

OCTOBER 29, 2021

Cash flow is king when it comes to sustaining your business long-term. And it doesn’t matter if you are running a small business or a nationwide organization, cash flow is the backbone of any size company. That will certainly help with your cash flow. Not asking for help when you need it the most.

Accounts Receivables Management 206

Accounts Receivables Management Collection Agencies Collections Agency Collections 206

American Profit Recovery

AUGUST 25, 2020

We’re not fond of overused terms here but one we do feel is relevant during the year 2020, is that “now, more than ever,” it is mission critical to be getting paid for the work your business does and the services you provide. The second factor was that when COVID-19 hit us, consumers had already owed our business money.

Collection Agencies 192

Collection Agencies Collections Agency Debt collector Collections 192

Enterprise Recovery

JUNE 12, 2020

COVID-19 cases are still increasing as the United States reopens and now the National Bureau of Economic Research has declared that the U.S. According to the announcement, the economy was heading into recession when the coronavirus hit and, as businesses were shutdown, any gains were erased during March and April.

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130

American Profit Recovery

DECEMBER 21, 2021

Improving your cash flow and understanding how debt collections fit into your business should be an important part of how you operate in 2022. Because many people are now working remotely and at home during the day, it makes perfect sense to conduct gentle reminders by phone during business hours.

Collections 211

Collections Collection Agencies Collections Agency Debt collector 211

American Profit Recovery

JULY 21, 2022

If your business has thought about hiring a collection agency to improve cash flow, but has never made a firm decision, you’ll want to listen up. We only need to look back to when COVID-19 took over our lives. Our economy is changing, and you need to be ready! Planning helps pave the way for the future.

Collection Agencies 228

Collection Agencies Collections Agency Collections Debt collector 228

American Profit Recovery

JULY 30, 2021

And during the COVID-19 pandemic, our team had their work cut out for them. Working in debt collections during COVID-19. And every other company that was recognized as a great place to work in debt collections should also hold their heads up high for navigating this industry during a pandemic.

Collection Agencies 161

Collection Agencies Collections Agency Collections Manufacturing 161

The Kaplan Group

JUNE 8, 2020

Cash is King during COVID-19. Poor cash flow can cause a significant number of financial issues but in a pandemic it can destroy your business. The good news is, strengthening your cash flow in a volatile environment can improve your overall cash position. Cash is King during COVID-19.

Government 103

Government Collection Agencies Collections Agency Collections 103

American Profit Recovery

JULY 5, 2021

If your business is only accepting paper checks, that could be hurting your cash flow. We saw many businesses during the COVID-19 pandemic switch to multiple forms of payment including restaurants that used online payment and touchless forms. The right agency will free up your time while improving your cash flow.

Collection Agencies 230

Collection Agencies Collections Agency Collections 230

UK debt collections

MARCH 17, 2022

“However, as businesses have now started to repay BBLS and CBILS loans as well as deferred HMRC liabilities , pressure on cash is growing and we may continue to see the overall number of business failures increase. Will cash flows be sufficient to deal with the additional debt burden (both formal and informal) that has accrued during Covid?

Creditors 97

Creditors Loans Government Collections 97

UK debt collections

NOVEMBER 4, 2022

There were 16,105 corporate insolvencies in the first three quarters of 2022 compared to 9,433 during the same period in 2021 – a 71% rise. Many distressed businesses managed to keep afloat through Covid by using the high level of government support available. All of these factors point to an economy sliding into recession.

Creditors 52

Creditors Government Construction Loans 52

American Profit Recovery

JULY 21, 2020

I keep getting asked two questions by my friends and family, “Why are you calling consumers during Covid-19?” and “Why are businesses turning over debts during Covid-19?” They point out to me that many people are struggling during these unprecedented times, and they cannot pay their bills.

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American Profit Recovery

JANUARY 16, 2021

As a collection agency serving large and small business, we have seen the organizations that have struggled, and we have also seen the ones that continue to do well during these times. Some companies have thrived during COVID-19 and they have taken specific steps to continue operating. Following up on invoices during COVID-19.

Collection Agencies 172

Collection Agencies Collections Agency Collections 172

American Profit Recovery

AUGUST 11, 2021

The best collection agencies not only help clients that are struggling with cash flow and late payments, but they also advocate for what is right. This has never been more important than weathering the storm of the pandemic of COVID-19. We have always wanted to do our part.

Collections 246

Collections Collection Agencies Collections Agency Education 246

Jimerson Firm

JUNE 21, 2023

The COVID-19 pandemic has had a dramatic and unprecedented impact on the commercial real estate market, requiring landlords and tenants to rethink their traditional lease clauses. Under a rent deferment, lease payments are paused for a period of time and the lease payments are effectively extended for the period of time during the deferment.

Government 98

Government Loans 98

Debt

AUGUST 12, 2020

COVID-19 has put a plug in the nation’s cash flow, forcing graduates to dig deeper into their pockets if they want to avoid drowning in student loan debt. The post Handling Student Loans During the Pandemic appeared first on Debt.org. The post Handling Student Loans During the Pandemic appeared first on Debt.org.

Student loans 75

Student loans Student Loans Loans 75

American Profit Recovery

JULY 14, 2020

By Derek: Approximately four months ago, our company made the decision to close the office due to Covid-19, and provide all the employees with computers so they could continue to work from home. I’m also glad that we are helping our clients who may be experiencing cash flow issues at this time by collecting on their past due accounts.

Collections 158

Collections 158

UK debt collections

JUNE 21, 2022

Today, companies face unprecedented disruption and uncertainty, adding to the pressure on businesses that still seek to recover from the Covid years. Against a backdrop of inflation, increasing interest rates and regulation, companies are expecting a jump in late payments as well as raised barriers to growth during the remainder of 2022.

Collection Agencies 64

Collection Agencies Collections Agency Collections Trade 64

American Profit Recovery

SEPTEMBER 27, 2020

There are not many factors that control the cash flow of a business more than customers and the time frame in which they pay for products or services. In short, customers pay late, cash flow suffers. However, if you want to stay cash flow positive, you have to make time to invoice on time, or hire someone to do it.

Collection Agencies 182

Collection Agencies Collections Agency Trade Construction 182

Debt Recoveries

JULY 16, 2020

Recessions, virus epidemics or even just company-specific problems, can all dent the cash-flow and threaten the very existence of your business. The best way to increase cash-flow is to collect your outstanding debts (account receivables). Follow this guide and watch your bank balance increase! In fact it’s the opposite.

Collections 69

Collections Debt Recovery Debt collector Creditors 69

American Profit Recovery

OCTOBER 25, 2020

From bringing in enough business, being able to handle that business, everything to do with hiring and firing, cash flow, legal matters, and so much more. When cash doesn’t come in the door on time, that can present a huge challenge for your organization. And in severe cases. Helping your customers through tough times.

Collection Agencies 161

Collection Agencies Collections Agency Collections Debt collector 161

American Profit Recovery

NOVEMBER 29, 2021

Many small businesses took a beating during COVID-19. The small business community has been through enough including many struggling with cash flow. We understand there was a time during the pandemic when we needed to order all sorts of items through online retailers. Pay a small business on time.

Retail 198

Retail Collection Agencies Collections Agency Collections 198

Debt Recoveries

OCTOBER 18, 2020

Here are a few suggestions: Manage your Cash Flow. Cash is King and it is the life blood of any business. One of the biggest reasons why small businesses fail is that they are not paying enough attention to where their cash is either going or being held up. You can also read Proactive Debt Collection to Improve Cash Flow.

Debt Recovery 98

Debt Recovery Startups Loans Debt collector 98

UK debt collections

APRIL 20, 2021

Government support to protect jobs, businesses and the economy means that many underperforming businesses that might have entered insolvency for reasons unrelated to Covid, are still trading. “It’s critical businesses act early and seek advice if they are struggling now, or think cash flow may be squeezed in coming months.

Government 59

Government Trade Creditors Banks 59

On Guard

FEBRUARY 11, 2022

Many businesses had to seek short-term fixes for cash flow pressures during the pandemic. The accounts receivable departments took the brunt of the pain as companies conserved cash and payment days slowed. The accounts receivable departments took the brunt of the pain as companies conserved cash and payment days slowed.

Debtor 52

Debtor 52

Credit Corp

DECEMBER 1, 2020

While there is rampant fear and caution against a global economic downturn due to COVID-19 , this does not mean that every individual will be hit as hard as the next. This can be advantageous if a borrower needs to free up some cash or reduce their monthly payments and with incredibly low rates available—it’s an easy choice to make.

Loans 69

Loans Credit Unions Credit Unions Financial Institution 69

UK debt collections

OCTOBER 23, 2020

Lynne Darcey Quigley, Founder & CEO of Know-it, said: “Late payments, an issue which has been exasperated further by the pandemic, have been damaging business cash flow, hampering growth, stunting investment and risking business solvency for many years now.

Credit Management 87

Credit Management Government Collections 87

PDC Flow

JUNE 29, 2021

PDCflow recently participated in this Q&ARM event to showcase our FLOW Technology. Through our FLOW Technology, companies can shorten the collection process, increase cash flow and build credibility and trust. FLOW Technology can notably improve your accounts receivable business. How Does FLOW Reduce Friction?

Collections 95

Collections Financial services 95

On Guard

SEPTEMBER 18, 2020

How finance professionals make a difference in the order-to-cash process. This will become ever more crucial, with their workloads increasing due to the current uncertain landscape caused as a result of the Covid-19 pandemic. The post How finance professionals make a difference in the order-to-cash process appeared first on Onguard.

Credit Management 52

Credit Management 52

UK debt collections

OCTOBER 14, 2021

The financial impacts from COVID is forcing many SME’s into bankruptcy. There is clear evidence that late payment is linked to an inability to access affordable finance, due for example to an inability to demonstrate to lenders a clear cash flow. It is evident that SME’s must secure efficient invoicing processes.

Collection Agencies 105

Collection Agencies Collections Agency Collections Bankruptcy 105

The Kaplan Group

APRIL 8, 2020

During this difficult time, protecting your health and the health of your family is the most important task. The Covid-19 crisis will end. Find out how the shutdowns are affecting their employees and their families, supply chains and cash flow. Save Your Cash. Check out what their former vendors say.

Government 59

Government Collection Agencies Collections Agency Healthcare 59

Fico Collections

AUGUST 21, 2020

When it comes to fraud and COVID-19, the Great Recession of 2008 provides some important lessons that can help banks and consumers protect themselves against the increased risk. Here’s what different about fraud during COVID than 2008. A Resurgence of Specific Fraud Types. Fraud rates have risen commensurately, as well. .

Education 52

Education Banks Acquisition Financial Institution 52

On Guard

OCTOBER 12, 2020

As a result, during these uncertain times, in particular, using an ERP on its own can put credit managers at a disadvantage. This means you can get payments in as quickly as possible and keep cash flowing smoothly through the business, whilst freeing up precious time and reducing the risk of human error.

Credit Management 52

Credit Management Retrieval Debtor Collections 52

UK debt collections

JUNE 1, 2022

An accredited Business Debt Collection Agency can help boost Business cash flow. With billions pumped into support measures during the pandemic, any support given is expected to be minimal. An effective debt collection service can very often help make of break a company. Government support for Small Businesses.

Collection Agencies 91

Collection Agencies Collections Agency Collections Government 91

Credit Management Company

AUGUST 25, 2020

It’s an unfortunate fact that hospitals, physicians’ offices, and healthcare entities of all kind will be feeling the financial effects of the COVID-19 pandemic for months to come. And with patient responsibility still clocking in as the number 3 payer, your collections strategy is critical to maintaining a steady cash flow.

Healthcare 52

Healthcare Collections Debt Recovery Credit Management 52

True Accord

JULY 22, 2020

This influx of cash can be a lifeline for many families struggling financially, so it’s no surprise that a survey by the National Retail Federation found that 34% of consumers who expect a tax refund plan to use it to pay down debt. There is another surge in payments during the holidays. Nearly 80% of U.S.

Debt collector 75

Debt collector Retail Collection Agencies Collections Agency 75

On Guard

DECEMBER 7, 2021

Such a plan is extremely important, but it is also good to be flexible in exceptional circumstances, such as during the COVID-19 crisis. On the basis of this, risks to the cash flows can be properly assessed, even down to customer level. Make use of data. To measure is to know.

Collections 52

Collections 52

UK debt collections

JUNE 22, 2020

The research finds that the COVID-19 crisis has negatively impacted 69 per cent of businesses, with three out of five (60 per cent) not expecting to return to growth in the near future, and only 23 per cent predicting an expansion of their business. Latest figures show that so far, a total of £33.4

Lender 87

Lender Loans Government Trade 87