Your Current Method of Collection

  • Collection agent contacts client via phone or letter
  • Agent negotiates amount of monthly payment
  • Client agrees to send first payment
  • 1-2 weeks later you receive the first installment
  • Invoice is sent to client for second payment. This can take up to a week to arrive
  • Client waits 2-3 weeks to send a check. Meanwhile the firm is waiting for payment
  • Client is on vacation. Firm waits a month or more for payment
  • Firm sends another invoice. It's Christmas— client skips a payment
The Disadvantages
  • Timing of payment is in the hands of the client
  • Firm has to wait for payment— never certain how much money will actually be repaid each month
  • Expenses related to invoicing including staff time, printing, envelopes and postage are paid by the firm

Fast Cash Method
  • Collection agent contacts client and negotiates a payment plan including date for payment
  • Agent collects the first payment over the phone
  • On the agreed date, the payment is electronically debited from the clients account
  • Within one business day the firm is credited with the amount of payment
The Advantages!
  • The firm no longer has to invoice established clients leaving staff free to negotiate with new clients
  • Agents no longer have to repeat collection calls reminding clients their payment is due
  • On the day invoices would normally go out— payments are already made

Save your firm hundreds, if not thousands of dollars per year!

For more information please contact Melanie Mornard
Business Cash Flow • 7686 Irish Avenue Court South, Cottage Grove, MN 55016

Call today! Toll-Free 800 730-6824


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