Business to business debt collections, also known as B2B debt collections, can be more complex than traditional consumer collections. If you are not skilled in business to business debt collections, it can be very difficult to recover sufficient amounts of debt and keep your doors open. To collect in the
Sometimes, unpaid invoices force a business to make decisions that are not pleasant or comfortable. In many of those incidences, that decision is to fire a client. If your unpaid invoices are piling up, existing relationships with companies don’t always override your bottom line. How can you determine when it
In our last blog, we reviewed the qualities that make an excellent Accounts Receivable employee. In this post, we will share tips on how to gauge the qualities of the best Accounts Receivable employee candidates, in order to hire the right person for the job. What Qualities Should You Look
Are you hiring? The hiring process can be tricky when you’re looking for the cream of the crop. After all, just because someone has experience in Accounts Receivable (AR) doesn’t mean that they are right for your work environment. What qualities separate the best Accounts Receivable employee from the pool
Business fraud is a devastating issue for companies of every size. According to The Association of Certified Fraud Examiners, in 2018, United States businesses lost an average of 5% of their gross revenues due to fraud. Private companies, including small businesses, experienced median losses of $164,000. In fact, fraud hit
As a business owner, being able to identify red flags for potential collection problems is paramount to the short-term and long-term success of your organization. While some businesses have one-time issues paying for services or products that they received, others consistently struggle until they go out of business. The Commercial
Alacrity Collections Corporation started supporting the Anne Arundel Medical Center Foundation years ago and we are doing it again in 2019! ACC is delighted to be one of this year’s Diamond Sponsors of Denim & Diamonds for the 4th time in a row. This signature event will raise funds for expanding
What is the number one reason why Americans file for bankruptcy? While some would be tempted to answer consumer debt or mortgages that were too big, the answer is medical debt. Medical debt in America is a serious problem for individuals and families. According to the Kaiser Family Foundation, over
When you are working in B2B collections, there are numerous strategies for getting what you are owed. Check these previous posts for 3 Tips for Improving Your Accounts Receivable Process and 4 Tips for Making Difficult Phone Calls. Once an outstanding invoice has remained for a while, you need
While some shining employees make the decision of when to promote in healthcare finance and billing departments easy, other factors like revenue, budget and employee tenure can complicate things. Managers should never create a work environment where promotions are considered routine and warranted simply by showing up on time. Instead,
Business to business collections, or B2B collections, can be a long and frustrating process if you aren’t sure what you’re doing. From maintaining a positive customer relationship to collecting as much as possible under difficult financial circumstances, B2B collections is best undertaken by a professional. Preserve Your Business Relationship Unlike
If your business is ready to invest in a professional debt collection agency to improve your chances of collecting the money that you are owed from consumers, clients, patients or other businesses, it can be hard to sort through which agencies are legitimate. There are many who are reputable, but