If you think doing business these days is as easy as sending out bills and collecting money, think again! Customers can come up with all kinds of reasons to delay paying your bills (or skipping out on them altogether) – leaving you holding the bag!
If you don’t want to get stuck working for free – or spending all of your waking hours tracking down delinquent clients – hire a nationwide business collection agency. As long as you work with a good one, you can take advantage of these 3 benefits:
1. Full debt recovery services
A good nationwide business collection agency will stop at nothing to get the money you’re owed – while staying within the law, of course. And speaking of the law, it can vary from state to state. That’s why you need to make sure your agency can handle debt recovery services in your particular state. After all, one innocent mistake can give up your right to the money altogether!
Some agencies will take their debt recovery services one step further – by having lawyers on their staff. That way, if traditional collection efforts fail, they can pass your case directly onto a lawyer that can file suit on your behalf, all without skipping a beat.
2. Accounts receivable duties
How much time, money, and energy would you be able to save if you could skip the entire accounts receivable process altogether? By turning your accounts receivable management duties over to a collection agency – instead of hiring your own full-time staff – you don’t have to worry about paying full-time salaries and benefits packages.
A good agency will be able to handle more than just the delinquent accounts, though. They’ll be able to take on all of your accounts receivable management duties. That way, everything from normal bills, to past dues, to invoicing will be completely taken care of by someone other than you!
3. Affordable rates
Speaking of saving money, that’s exactly what a good nationwide business collection agency should be able to help you do. After all, your delinquent clients are already delaying your profits. Your bottom line shouldn’t have to take a major hit in order to get the money you’re entitled to!
Every agency will charge a fee for its services, and typically, that fee will be a percentage of the money they recover. (If they can’t recover any money, you don’t owe them a dime.) Just be sure you’re comfortable with the fee your nationwide business collection agency is charging before you sign on the dotted line.
Want to reap even more benefits? Turn to the team at www.psicollect.com!
