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, regardless of the reason. 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 […]
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 collect unpaid invoices, you may benefit from some of these collection tips for SMBs. 7 Tips for Small-Sized Business Collections Consider these small-size business collection tips for help […]
Few businesses have an efficient collection process for 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 collection agency has several significant benefits, including the ability to improve cash flows by recovering more past-due accounts in less time and […]
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? […]
Debt collection agencies bring professionalism and experience to your collection efforts. They have the resources to increase your cash flow while reducing expenses. However, finding the ideal recovery company is challenging for most businesses. There are many debt collection agencies, but the one you choose must suit your needs. In general, you want to start […]
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 […]
Leading Healthcare Company Gains 3X Improvement in Recovery Rates in One Year Improves Cash Flow and Customer Relationships Across the Board Problem: Given the costs and risks of new capital, no business can afford to let accounts receivables drag down their own balance sheets. Strong recovery is essential to strong cash flow. But when our client, […]
Drawing from our own experiences, we compiled 10 best practices to help your credit department increase cash flow and improve customer interactions.
