Early Out Program
As Indicated
above, the probability of collecting a delinquent account is decreased
considerably as the receivable ages.
Therefore, it is imperative that companies have a collection strategy in
place that will control delinquency before it gets out of hand. Most companies charge off delinquent
accounts receivables at approximately 180 days past due, which means they have
only about a 56% chance of recovering their money. In order to mitigate these losses, companies must take a
proactive approach towards controlling delinquency. The pre-charge off period (day one to charge-off) cannot be
overlooked or collectability will be seriously compromised. However, the dilemma that many companies
face is in expending the necessary resources to adequately work these
moderately past due accounts. The
solution is our Early Out Program, which is a
customized outsourcing service that is designed to serve as an extension of
your credit and/or collection department, but is completely transparent to
customers.
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Benefits o
Increase Cash Flow o
Lower Operating Costs o
Reduce Delinquency and Aging o
Improve Customer Service o
Manage Growth o
Transparent to Customers o
Work Under Client Name o
Payment Sent Directly to Client o
Expand Without Increasing Overhead o
Customer Retention ·
Employee Issues We Alleviate o
Hiring o
Training o
Benefits o
Retention o
Management o
Human Resources |
·
Reasons to Outsource o
Acquisitions and Mergers o
Downsizing o
Centralization & Restructuring o
Reduce Daily Sales Outstanding o
Increase Cash Flow o
Merging of Receivables o
Inadequate or Inexperienced Staff o
System Conversions o
Identify Disputes o
Hiring Freeze o
Increase in Sales o
Growth Periods ·
Account Issues Handled o
Customer Service o
Answer General Questions o
Dispute Resolution o
Friendly Payment Reminder o
Invoice Request o
Reconciliations o
Account Maintenance |
PRO Consulting Services, Inc.
will customize an Early Out Program that will improve
your cash flow and control your aging, thus allowing your staff to concentrate
on your core capabilities. You maintain
complete control over the management of your accounts receivables and we
provide you with the necessary tools to gauge our performance. Integrate our staff, resources and vast
experience with your policies and procedures in order to create a seamless
extension of your business.