Commercial Collections for the Financial Industry

Altus Receivables Management partners with financial institutions of all sizes to provide reliable accounts receivable (AR) management and collections services. Work with us for fast delinquency resolution and actionable debtor insight you can use to improve your services.

Confidently Meet All Relevant Collections Standards

Businesses in the financial sector handle sensitive account information every day. At Altus Receivables Management, we’re passionate about protecting private information and meeting all collections regulations. Our company has credentials like:

  • Service Organization Controls (SOC) 1 Type II and SOC 2 Type II certification.
  • Payment Card Industry Data Security Standard (PCI DSS) certification.
  • Commercial Law League of America (CLLA) certification.
  • Commercial Collection Agencies of America (CCAA) certified agency member.
  • Licenses and bonds for every state that requires them.
  • International Association of Commercial Collectors (IACC) certified agency member.

Speak to a Financial Collections Expert

At Altus, we want to do more than recover your money. Our mission is to understand your goals and expectations for your collections so that we can do our best to meet and exceed them.

Our knowledgeable staff, combined with some of the best equipment available for collections, give you the highest probability of rectifying your past due accounts.

Why Are Collections and AR Management Functions Important?

From accountancy firms to credit unions and national banks, accounts receivable and collections are some of the most important aspects of your business. Financial institutions need revenue from borrowers or payments for their services to continue providing the same level of excellence for every client. Delinquencies are troublesome for financial services companies, so outsourcing collections and AR processes is a solution worth your investment.

When you partner with a commercial collections agency, you’ll have someone on your side working to secure payments from delinquent debtors in a way that preserves the relationship. Altus Receivables Management’s services yield high recovery rates while leaving room for the debtor to continue working with your institution.

How Altus Can Help

Only the best B2B debt collectors can access these industry-leading tools, so you can feel confident that Altus is the ideal option for technology collections. While ARM STRONG can handle many of the day-to-day collections processes, our employees are a phone call away whenever you have questions or need more assistance with your finances. We also make sure:

  • Unpaid debts get reported to commercial credit bureaus.
  • We use proven contact methods to encourage indebted customers to pay what they owe you.
  • You stay up-to-date on every debt development as soon as it happens.

Benefits of Commercial Collections Services for Financial Services Companies

While collections AR management processes are fundamental aspects of any financial service organization, the time and energy they require are significant. You’ll see the best results with a dedicated team handling account balances and monitoring delinquencies every day. Your business can experience numerous benefits from outsourcing services to a professional financial collections agency, such as:

  • Receiving higher recovery rates from a greater percentage of your delinquent debtors.
  • Preserving relationships and public appeal by avoiding litigation.
  • Focusing time and energy on improving your financial services and acquiring new clients.
  • Optimizing overhead by hiring outside services rather than paying for full-time collections employees and office space.

Services From Altus Receivables Management

Altus Receivables Management is a nationwide financial services commercial collections agency with more than 30 years of experience and over 200 collections professionals. We have the resources to handle collections for financial institutions of all sizes.

With our AR management and collections services, you’ll have 24/7 access to a wide range of data, insights, and tools through ARM STRONG™, our collections automation software. This cloud-based platform offers the following and more:

  • Automated balance statements and delinquency notices
  • Real-time payment tracking
  • Data collection, analysis, and sharing

Contact Altus Receivables Management to Get Started

A partnership with Altus Receivables Management will free your financial institution to provide the best services for clients while we handle complex collections and AR management tasks. For more information or to get started with Altus Receivables Management, contact us online today!