Why hire a collections agency?
Cash flow is the engine that drives your business. The longer it takes to collect outstanding accounts, the less the likelihood that you will actually collect anything at all!
And remember, even though you may collect on a percentage of accounts that are 90+ days overdue, the value of the dollar you are collecting has diminished.
To see what happens to your dollar click here
Employees of corporate accounts receivables departments are at their limits in terms of workflow. Small and mid-size companies do not have the resources to devote to collecting and administering outstanding receivables. Not to mention, the multitude of legal and compliance issues that require adherence. A certified collections agency should be a partner to your in-house accounts receivable team, working together to not only collect outstanding debt, but also to develop strategies to improve future cash flow.