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Drive More Timely Payments |
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By contacting your customers timely and systematically, following "Best Practices" of alternating the medium of the messages, a company will collect more of their accounts receivable quicker.Resulting in: - Increased working capital.
- Reduced need for receivable financing.
- Reduced payroll.
Why is this so important? The longer an account remains unpaid, the lower the probability of collection. Age of Receivables | Becomes Uncollectible | 3 months delinquent | 27% | 6 months delinquent | 43% | 12 months delinquent | 75% | Source: Commercial Collection Agency Section of the Commercial Law League of America |
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