Your Virtual Credit Manager
MARCH 4, 2025
We often talk about the importance of having an efficient and effective collection process and how, from a process improvement perspective, collections automation provides substantial benefits. Collections was looked upon as a housekeeping function. The overriding goal was to maximize sales volume.
Your Virtual Credit Manager
JUNE 4, 2024
Most of the collectors seemed relieved I was cooperating and accepted my initial offer. In fact, there was only one collector that tried to collect everything owed, and I was able to get them to accept three payments over the next five weeks. If not, you are probably not collecting all you should.
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Your Virtual Credit Manager
JANUARY 30, 2024
The evolution of Accounts Receivables (AR) automation has revolutionized our collection strategies. Previously, decisions were largely left to the discretion of individual collectors, resulting in subjective and inconsistent approaches. What do you need help with?
Your Virtual Credit Manager
JANUARY 3, 2023
This included a 100 percent increase in past due collected. For the full story, check out “ Power Collecting: Automation for Effective Asset Management ,” Piumelli and Schmidt (Wiley 1998), pages 11-14 & 129. A high-volume Collection Calling Effort on the larger accounts.
MNS Credit Management Group
MAY 28, 2022
The latest modification to Reg F, lenders’ digital-first strategy to engaging with consumers, and the improving economy are all going to make things more difficult for third-party collectors. What is the Operating system for Debt Collection? So, what are the most essential trends to watch for in your industry?
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