American Profit Recovery Provides Valuable Advice On Staying Profitable in 2013
Online PR News – 14-January-2013 –American Profit Recovery, a collection agency in Massachusetts, with additional offices in Michigan, and North Carolina sees many businesses struggle with late and non-paying customers at the beginning of the year. After the holiday shopping season ends and the bills come in, many consumers begin lagging on their payments for various products and services, leaving businesses in a tough situation.
The experts at American Profit Recovery have come up with a number of helpful tips to help businesses of all sizes navigate their accounts receivables:
Always invoice on time: While many people will take time off during the holidays, itís important that billing procedures stay current.
Follow up with tact: Itís important that anyone conducting follow up calls do so with diplomacy and respect for the consumer. While many people intentionally fail to pay their bills, most reasons are nothing more than an oversight or hard times. Showing respect and professionalism gives a business a better chance of keeping that customer after the collection process.
Clean up books: There is no better time than the beginning of a calendar year to clean up the books and improve any internal accounting procedures. A business should ensure all services and products have been invoiced for and that any and all billing and invoicing systems are thoroughly analyzed for improvement.
Get help: Reputable collection agencies can get a business paid faster and help preserve the relationship between business and customer. Finding a collection agency that shares a businessís values and has expertise in the industry that business is in, can go a long way in building cash flow and staying on track.
More on how to get a business back on track in the New Year can be found here:
About American Profit Recovery:
American Profit Recovery (APR) is a collection agency with offices in Massachusetts, Michigan and North Carolina. Founded in 2004, APR specializes in the collection of third-party debt in industries such as medical/dental, banking, trades, lawn care and other professional services. With early intervention and a strong focus on ethics and diplomacy with consumers, APR works hard to preserve the relationship between client and consumer with an ultimate goal of keeping the business relationship intact. The firm serves approximately 3,500 clients nationwide. American Profit Recovery and their team have earned many awards including Best Places to Work in Collections and Most Influential People in the Collection Industry. 800-711-0023 http://www.americanprofit.net/