Commercial Collections Blog

• What % of your invoices are disputed and used as a reason not to pay?
• Do you have a invoice resolution process in writing for customers and your staff?
• Are your payment terms set up correctly for each customer?
• Is your staff able to get new invoices created when errors occur?
• Are you linked to your Finance Department?
• Who makes the call on placing an account with a outside debt collection agency?
• Is your DSO increasing due to bad invoicing or non paying accounts or a combination?

Technorati Tags business, collection, commercial, receivables

Todays economy makes current financial  information for each customer a necessary component of credit  risk  management. When a customer begins to pay slowly or not at all you need an immediate update on their financial condition. The deterioration of financials  can be extremely fast today. Do not wait to get reports on your customers and act on the information. Waiting to pursue collections can put you at he back of a long list and even put your claim into a bankrutpcy situation. Debt management needs to be assertive, constant and unbiased towards all of your accounts. Burt and Associates will risk score your accounts using a propritarty Burt Risk Scoring System that will give you the odds of collection based on factors that we have learned over the last 30 years in the commercial debt collection business. Your sucesses will increase and your cash flow will increase.

Technorati Tags Bad Debt, business, collection, commercial, receivables, recovery

Money can and does stay on your past due receivables tree, as long as you let it remain, it grows and grows. Plucking your own cash is difficult as the time passes. Every account would like a free pass and the understanding that not paying is all right with you. Lets get honest, are you making it to easy for your accounts not to pay. You will need to be reflective with your answer because some of your past due accounts are very large and very old. Maybe it is time to call in a professional collections agency like us.

Technorati Tags business, receivables

• Ignore them.
• Send another invoice.
• Make another phone call.
• Send another reminder.
• Send a letter of demand.
• Call someone else in the company.
• Have someone else from your company call
• Track them down when their phone is disconnected.
• Look for them when your letters are returned.
• Hope.
• Call us today at 1-469-368-6400

Technorati Tags agency, Bad Debt, business, collection, commercial, debt, receivables

When new sales are a bit flat and your cash flow is tight you can improve your cash situation with a harvest of your past due accounts. A review of all delinquent accounts is always a surprise and a bit of a downer. There are always accounts receivables on the list that you see as some of your best customers and also some new accounts as well. The decision to press harder on the accounts is a sales issue and a cash issue at the same time. The correct answer is hard to come by unless your credit policy is tight and uniform. Treat all your customers with respect and follow your own credit policies without exception.

Contact all you past due accounts and stay in touch weekly until their account is up to date. Some accounts will need to be put on credit management awaiting payment and you should have your limits in place so that the decision is relatiely easy. Do not wait forever to get your commercial collection agency involved because collection is their expertise and you can stay fixed on the newer past due accounts

Technorati Tags agency, Bad Debt, business, collection, commercial, debt, receivables, recovery

When your accounts receivables grow, your profits suffer, your cash flow is strained, your patience wears thin and you need cash, go to the source of your problems. The growing accounts receivables is the issue of the day. Allowing  a few customers to fall way behind and just not pay, will cause a much deeper problem and cause your business to suffer damage. The process of debt collection is one of a precise plan and understanding of the debts and the debtor involved. After the original futile trials of collection, go to the professional debt collectoion agency for assistance, they can get your cash in the door and put you back in a positve cash flow direction.

Technorati Tags Bad Debt, business, receivables, recovery

1. Your companies past due accounts probably have the most potential to increase your profits quickly.
2. Allowing your accounts receivables to grow  and age will make the collection process even more difficult. An account that is 60 dys past due is more than twice as likely to be collected as one that is 90 days overdue.
3. Push on the accounts at 30 days and save your self the agony of the writoff in about 180 days from that moment.
4. Use your professional collection agency to get your collections in the door. Do not wait too long as your money is sliding to the unable to collect side of the ledger.

Technorati Tags Bad Debt, collection, receivables

Your cash flow deserves a full review of your delinquent accounts. Any and all accounts that are over 30 days deserve an examination and the scrutiny that will reveal the accounts that have more than a 50% chance of not being collected without a more intense effort. Waiting for these accounts to spontaneously pay their debts will result in an increased DSO and eventually writeoffs. Face the facts the account is not responding to your effort to collect. Phone calls and letters just are not getting results. It is time to contract with your professional debt collection agency and help your cash flow.

Technorati Tags agency, Bad Debt, collection, commercial, debt, receivables

1. The Commercial Debt Collection agency of today is quite capable of finding your full financial data and your outstanding debts and financial resources, do not belive that saying you do not have the ability to pay will be the final word.
2. The costs of not paying will add up and will keep you from gaining acess to new sources of capital.
3. Stalling and saying that the claims are disputed will get you in more difficulties and you will not escape the debt.

Technorati Tags agency, Bad Debt, business, receivables

• Is your days sales outstanding growing and what are the contributing factors?
• Are your mature accounts not paying at the same rate as before?
• Are you noticing debt piling up on your newer accounts?
• Do your sales people cry that your credit terms are to strict?
• Are you more concerned with your bad debt accounts or your new sales accounts?
• Does your management team now call you about your DSO.
• Are you ready to look for outside assistance for your accounts receivables?
• These are all points of concern that will lead you to a commercial debt collection partner.

Technorati Tags agency, Bad Debt, commercial, debt, receivables, recovery