Are you a medium-to-large business looking for a way to decrease your internal cost and increase your recovery while devoting resources to the priorities of your business?
We have the solution to your accounts receivable needs. RTS Financial Group knows the importance of cash flow to your business and we’d like to help you with our custom outsourcing solutions.
Our Outsourcing Services deliver better results through a proactive approach to customer contact, improving cash flow and customer relationships. Our customer contact solutions bring together our personnel, technology, and facilities to deliver the message of your choice to your customers.
The benefits of our custom first party collections and outsourcing solutions include:
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Our team is ready to implement an immediate solution for you allowing you to focus on your core business while we increase your cash flow.
Contact us to learn more about our customized Outsourcing Solutions.
Customer Acquisition
The first step in the process is to determine the risk/reward of extending credit terms to the potential client and granting the proper level of credit. Ask for and review credit references and possibly purchase a credit report on the customer to determine their payment history.
Billing Management
The next step is to manage the billing process effectively. It’s important to send invoices that are accurate, professional in appearance and mailed in a timely manner. You may also want to establish customer service centers to handle billing inquiries.
Delinquency Management
unfortunately, managing delinquent accounts is often one of the most time-consuming aspects of the accounts receivable management process. The goal is to set priorities and strategies for collecting on these accounts while balancing results, costs, and the need to preserve the customer relationship – an important consideration as most companies understand that it’s more profitable to keep a current customer than to acquire a new one.
Recovery
In the unfortunate event that an account has been “charged-off,” businesses typically will pass the account to a third party to recover the cash in a legal and responsible manner, while at the same time insulating the client from negative associations.
The recovery process often utilizes professional collection agencies and attorneys to do everything from purchasing past-due portfolios to assisting on bankruptcy claims.
For more information contact RTS Financial Group @ 877-227-8842