Most companies are contending with the challenges posed by poor cash flow and inadequate capital as a result of the impact of delinquent customers in their financial books. This challenge of collection is further worsened by the high cost of maintaining a Collection Department. Indeed, in-house debt collection is not only time-consuming but requires highly skilled personnel to deliver appropriately.
Engaging a collection firm with a very high debt- recovery track record like Aadin Debt improves your company’s collection efforts as less resource is committed to the collection task. A reliable collections agency will deal with delinquent accounts and make use of different strategies from sending payment notices to calling campaigns.
Traditionally, outsourcing third party collection efforts:
- Promotes a positive cash flow
- Save time and money in streamlined collection efforts
- Collection efforts are performed by well-trained professionals
- Ensures speedy and successful debt recovery
- Ensures proper documentation and legal protection
- Removes emotion from the equation, preserves business relationships and maintains customer loyalty
