CollectAR.com, a firm specializing in business-to-business (B2B) accounts receivable management and collections, announces the opening of its Near-Shore collections department in the Caribbean Island of Grenada, with a new low-cost fixed-fee gain sharing service system designed to conveniently increase productivity and collections results, while driving more profits to the bottom-line.
This service will cost-effectively increase the rate of payment from credit sales accounts and increase the collection recovery rate from past due accounts while reducing the drain on business profits from high collection agency recovery fees.
This service system by CollectAR.com is an outsource business process service designed that will collect past due accounts for a low, fixed fee that includes everything from contacting the client customer by phone, with structured follow-up management including collection demand letters, all the way to pre-litigation recommendation.
This new fixed fee near-offshore alternative from CollectAR.com, bring to businesses of all sizes a true cost-effective accounts receivable solution for collecting past due accounts regardless of the balance, number of invoices and size and aging of the accounts.
Businesses that elect to take advantage of the CollectAR Near-Offshore advantage, will save millions off of their in-house collection costs as well as on the outside agency collections costs, which in most cases are driven by out of control receivables aging matrix.
Another benefit to businesses as a result of our low fixed-fee service, will be the opportunity to establish an accounts escalation system, that moves accounts to CollectAR.com once the account aging is at 61 days and over or some other set aging days or DSO.
This approach will help to increase the working capital contribution for accounts receivable, by enabling businesses to outsource accounts early in the delinquent cycle so as to maximize collections recovery and give in-house collections staff more time to work on new billings and the low hanging fruits aging.
In addition, this service and the business process system will give clients faster access to cash collected from their customers, since under our collections system, we function as an undisclosed extension of the clients accounts receivable department. Our clients customers are never aware of our involvement, so all funds are made payable to our clients and sent direct to their business office address or to their designated lock-box.
With CollectAR.com client funds are never deposited to our account and we do not deduct any fees from client funds.
At CollectAR.com the focus is on collecting the receivables early in the delinquency cycle, by design rather than by default, without losing the customer and our clients the opportunity for future business.
