Money

Getting Paid During the Holidays — Without Being a Scrooge

Businesses are waking up to the importance of maintaining customer relationships and that’s fantastic! Good solid customer relationships translate into increased sales, lower marketing costs, and (my personal favorite) better A/R results. But that introduces a new twist — how…

Continue Reading

Money

Factoring Vs. Collections: Which is Better For Your Unpaid Invoices?

Factoring companies and debt collectors each provide unique services to help businesses get paid for work that has been completed. At first glance, factoring companies and collection agencies seem similar as they both provide a service to businesses to help…

Continue Reading

Money

Debt Recovery Solutions: Action Plan for Late Payment Excuses

Click here to immediately access one of our many debt recovery solutions: the free action plan for common late payment excuses.  When you are looking to collect from a customer who’s check still hasn’t come in the mail (even though…

Continue Reading

Money

Collection Call Script: Prepare Yourself to Get Paid

Immediately access the collection call script. When you have a customer who hasn’t paid you and you want your money (who doesn’t?), one of the most effective things you can do is get on the phone and call them.  Although…

Continue Reading

Money

5 Tips for Hiring the Right Collections Company

As your small business grows, you’ll be dealing with a larger audience and more customers. You can’t guarantee they’ll follow up on their end of the bargain with monthly payments, overdue fees, etc. When this happens, you may notice a…

Continue Reading

Got Invoices?, Money

How the UCLA Research Administration Decreased Past Due Invoices (and How You Can Too!)

When the University of California, Los Angeles‘ research funding more than doubled over a 10-year period, they knew, without a doubt, that this was going to put tremendous pressure on their research staff. Unfortunately, the Provost of the school, Scott…

Continue Reading

Got Invoices?, Money

How Collecting Invoices Is Eating Up Your Time

So, 73% of small businesses have had trouble collecting invoices in the past 12 months. What’s even worse is that these small businesses who deal with late payments are spending 6 hours a week chasing them. “Time is money” is…

Continue Reading

Money

4 Types of Late Paying Customers and How to Handle Them Each

When it comes to late paying customers, no single one is alike. Each has a different excuse for not paying, which constantly keeps you on your toes. However, deal with enough late paying customers and you start to see trends.…

Continue Reading

Money

How to Use a Sample Collection Letter to Make Sure You Get Paid

Reaching out to your customer once their due date has passed is like pulling teeth. Nobody enjoys doing it but it needs to be be done. However, the motivation of getting what you are owed should be enough to encourage…

Continue Reading

Money

Delinquent Accounts: The 3 Simplest Ways to Get Them Paid Fast

Nobody likes those words: delinquent accounts. Just hearing the phrase makes most business owners cringe. Delinquent accounts are synonymous with many things: a lack of cash, strained customer relations, losing sleep, unknown pay days, etc. etc. Delinquent accounts are something NO…

Continue Reading