Implementing the steps outlined below will improve in-house time management and increase revenue. The collectability of any account starts the day you grant credit for products or services. As the delinquency of an account increases, the chances of collecting that account decreases. Time is Money. Transfer delinquent accounts to PRS as early as possible and let PRS collect your money for you. Thus, freeing up you and your staff’s time and resources.
Contact us for immediate assistance in getting back what you are owed.
Obtain complete contact information at the time of sale or service
Get customer to sign credit application contract at time of sale or service
Have validation of the debt on hand ready to provide in a timely manner
Check credit references before providing products or services
Focus attention on accounts that start to become delinquent
Maintain consistent credit approval and terms with all customers regardless
Create a recovery plan that outlines what steps should be taken in the event of delinquency or NSF
Identify delinquent customers and cease on providing more products or services to them
Send delinquent accounts to PRS as early as possible
Implementing these tips will improve in-house time management and increase revenue. The “collectability” of any account actually
starts the day you grant credit. Follow these simple steps consistently. Time is money. Transfer delinquent accounts to PRS as early as possible.
Let PRS help collect your money and free up your time. As the delinquency of
an account increases, the chances of collecting that account decreases. Contact us for help.
Take the first step towards increasing your bottom line revenue, contact PRS for your FREE customized A/R analysis today.
