For almost every business, collection efforts are necessary at some point to recover outstanding debts. In times of economic downturn, your customers may be struggling to pay their debts. Making debt collection calls is often the last task that staff members want to tackle, especially when other important business matters are at hand. Collection calls can […]
The future of accounts receivables is evolving just as fast as the rest of the world and keeping up with the times can be a challenge when you already have a business to run. Still, if you work in AR, your cash flow and customer base depend on how you adjust along with the industry […]
When several clients regularly fail to make payments on time, it can be a frustrating and confusing experience. Even more so, delayed payments can impact your business. If you’ve noticed an uptick in your clients falling late on their payments, it’s time to do a bit of analyzing and introspection to determine the root cause. […]
Debt collection can be challenging for small and medium-sized businesses (SMBs), though it’s essential to making a profit. If you’re looking for suggestions on how to more effectively collect unpaid invoices, you may benefit from some commercial collection tips. 7 Tips for Small-Sized Business Collections Consider these small-size business collection tips for help closing […]
Few businesses have an efficient system for collecting payments from delinquent accounts, which is understandable because it’s unlikely they would be fully equipped with the necessary knowledge and tools. Working with a third-party debt collection agency has several significant benefits, including the ability to improve cash flows by recovering more past-due accounts in less time. […]
In most cases, the fastest way to recover a debt owed is to work directly with the debtor. But they don’t always respond to collection attempts, and creditors suffer when they are unable to collect the funds. In certain cases, litigation is the necessary next step in the collections process. When Does Litigation Make Sense? […]
When clients neglect to pay their bills, it can have a big impact on your business’s bottom line. Hiring a reputable debt collection agency can put some of those past-due balances back into your budget. Ideally, the firm you decide to work with should be able to effectively collect from late accounts without damaging your […]
Altus Provides Five Tips to Cash Flow Recovery When Disasters Strike September 12, 2018 Disasters – man or nature made – can strike at any time. The Federal Emergency Management Agency (FEMA) says that forty to sixty percent of small business never reopen their doors following a disaster. It’s an unfortunate statistic for any business […]
Your company has decided to outsource but searching for the best partner can be overwhelming. If you type “best outsourcing firms” into Google you will get pages and pages of search results but can you trust that these companies are compliant or secure? Start by evaluating only service organizations that are SOC compliant. Not sure […]
Hurricane Season starts today, June 1, and many businesses in coastal areas wonder what this year has in store. Businesses that are unprepared for hurricanes almost never recover so it is vital to secure your assets before a storm hits. If you have never experienced a hurricane, the key to mitigating risk is developing a […]
