Our Collection Services
The benefits of Outsourcing account receivable
Credit collection through accounts receivable outsourcing can be a valuable tool for companies looking to cut internal cost and recovery more of their losses. For many clients, the accounts receivable outsourcing services offer one of the most effective ways to maintain margins while ensuring efficient collection and operational support. Depending on the creditor’s industry, a whole spectrum of other credit collection factors needs to be considered when making a decision about credit and collections outsourcing.
Receivable outsourcing improves performance
1) Utilization of specialized collection management software by WinDebt. With collections as its core competency, the outsourced party can afford to implement and maintain industry-leading software designed especially for account receivables. The credit company gains access to these systems and processes without the capital expense, not to mention the added cost of maintenance, training, and upgrades. This allows the Credit institution manager increased control through access to better systems
and centralized access to company-wide data.
2) Consistent, effective collection processes. Have access to automated workflows, customized letter campaigns, scheduling options, and recording capabilities. The outsourced process provides the creditor with a standardized, consistent, and disciplined process to the collection process. The benefits of the standardized treatment of accounts receivable are improved quality, increased customer satisfaction, faster collections, and increased rate of cash flow.
3) Cost-Effective & Flexible Staffing. Another benefit of outsourcing accounts receivable collection is that of scalable staffing. All costs associated with human resources; including overhead, systems, letters, training, wages, benefits, and ongoing professional development and career planning become the responsibility of the outsourced agency. The collection agency can “add” staff as required by the growth of the portfolio or scale down and use those resources elsewhere until inventory increases again.
Debt Collection Services & Receivables Management
ADS, and our collection partners offer the most respected Debt collection services in the industry and can greatly improve cash flow, which is the lifeblood of all businesses. In your business, you may have granted credit to some customers that have fallen behind on their payments and reached a point where a decision must be made. If so, responsible management of your receivables can be the difference between staying solvent and profitable or suffering more losses. Credit recovery, whether in-house or through debt collection services, is an integral component of credit collections. The most common struggles internal credit staff experience is knowing how to make an effective collection call, strategies, incentives and when to retain the services of a third-party Debt Collection Agency.
The debt collection services offered by (ADS Partnerships) would allow your staff to implement a consistent customer contact strategy throughout the credit collection cycle. These systems increase the likelihood of payment.
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