How To Choose The Right Commercial Debt Collection Agency For Your Business
Being in contact with a commercial collection agency is an essential part of any business. A top-rated commercial collections agency offers many benefits to your company, including assisting with developing procedures and policies to promote timely payment of invoices, following up on overdue accounts, and developing sound credit and financing procedures. When accounts are chronically unpaid despite multiple past-due reminders, a commercial debt collection agency can work on your behalf to collect what you’re owed in a timely fashion.
These services are vital to the financial health and cash flow of your business. Without consistent payment for your products and services, your business will not be able to operate successfully. If you’ve never worked with a commercial debt collection agency before, you may be wondering how to know when it’s the right time to get in touch with one.
The reality is that you don’t need to wait months or years for invoices to be unpaid before you get in touch with a business debt collection agency. In fact, the sooner you call us, the better because there is a statute of limitations on how long we have to pursue unpaid invoices. Your business deserves to be paid on time, every time.
Here are seven top signs that it’s time to call a professional business collections agency:
Protect Your Business & Call Collections If Your Unpaid Accounts Receivable Are Negative
If your unpaid accounts receivable are negatively impacting your company’s cash flow so severely that you cannot pay your bills, you’ve waited too long to call collections. Get help before you compromise your relationships with your vendors and suppliers.
Protect Your Business’s Financial Health By Partnering With a Commercial Debt Collection Agency
If your business requires additional time and resources for collections that are taken away from other income-generating departments, you need to work with a commercial debt collection agency to get yourself back on track. A healthy company will have all of its employees working where they are best suited.
Don’t Put Your Employees In The Hot Seat & Hire a Professional Debt Collector To Collect Unpaid Accounts
Office administrators, bookkeepers, and accountants may be great with numbers but are not necessarily skilled in debt collection. Burdening your employees with work they weren’t hired to perform can contribute to workplace dissatisfaction and employee turnover. To keep accounts current, you need assistance from a professional debt collector who has been trained, licensed, and experienced in debt recovery. You must work with someone who understands federal and state laws to avoid accidentally incriminating your company in the process.
Free Up Your Sales Team To Focus On Growing Your Business
Sales is an essential department that helps grow your business. When your sales team must take away from their primary job of nurturing business relationships and making sales by having uncomfortable discussions about overdue accounts, it will be hard for your business to continue growing. A B2B commercial collections professional is a neutral third party who brings a new, unpersonal dynamic to your business relationships with your customers. Once we’ve collected your overdue invoices, your sales team gets back to work with the same positive relationship they had before. Your customer will also have a new respect for your terms of service!
The Importance Of Managing Your Accounts Aging Report
As you regularly review your company’s billings, pay close attention to your accounts aging report. Most businesses offer a net 30-day policy on payments. Any accounts in the 31-60-day column should immediately receive past-due notices, and anything beyond 61 days should be sent to commercial collections. The longer you wait to collect debt, the less likely it becomes that you will be paid. If your business has consistent financial policies and your customers know they are expected to pay on time, you’ll rarely see accounts reach the 90+ day overdue column. This will decrease the stress of your business operation while increasing your success.
Don’t Let Unpaid Accounts Receivable Keep You Up At Night
If financial worries are keeping you awake at night, it’s time to call in your commercial debt collection agency. The sooner we can begin collecting, the more payment we are likely to obtain on your behalf.
Set Clear Financial Policies & Follow Them Without Damaging Your Business Relationships
Many entrepreneurs are generous, good-natured people who invest heavily in business relationships. Unfortunately, many customers do not share these attributes and will take advantage of you if they discover they are not expected to keep their accounts current. Setting clear financial policies and following through will not damage your good business relationships, but will make them better!
Obtain Trusted Commercial Collections Services For Your Arizona Business
If you’ve noticed any of these top seven signs at your small business, it’s time to call Mesa Revenue Partners. We are an experienced commercial debt collection agency with extensive experience across all industries. Our team works professionally, legally, and ethically to collect overdue invoices with a strong focus on preserving your valuable business relationships. Get back to the work you love and earn money while we take care of overdue invoices! Contact our commercial debt collection agency to get started.Â
MESA REVENUE PARTNERS
Email: tpriestley@mrpcollects.com
Website: www.mrpcollects.com
Mesa Location
1540 E University Dr #501
Mesa, AZ 85203
Office: 480-968-3181
Gilbert Location
1206 E Warner Rd #203
Gilbert, AZ 85296
Office: 480-389-2288
California Location
639 N Broadway #347
Los Angeles, CA 90012
Office: 213-418-1600
Colorado Location
360 S Garfield St #400
Denver, CO 80209
Office: 303-696-3910
New York Location
245-77 62nd Ave
Little Neck, NY 11362
Office: 917-934-3160
Florida Location
1965 Hilltop Blvd
Jacksonville, FL 32246
Office: 904-560-5160
Michigan Location
9322 Artesian St
Detroit, MI 48228
Office: 313-351-9150
Texas Location
7821 E Magnolia St
Houston, TX 77012
Office: 832-802-7430
Pennsylvania Location
1308 S Carlisle St,
Philadelphia, PA 19146
Office: 215-544-3951
Indiana Location
1128 Wade St
Indianapolis, IN 46203
Office: 463-205-0946
Massachusetts Location
48 Rockvale Cir
Boston, MA 02130
Office: 857-763-3448
Tennessee Location
323 Highwood Ct,
Knoxville, TN 37920
Office: 615-205-5256
