Profit Recovery Service

Imagine collecting 41% of past due accounts for as little as 5% to 10% of each outstanding balance? Whether a business has hundreds of accounts or only a few, our Profit Recovery Service will accelerate their cash flow and virtually eliminate the need to turn accounts over to a traditional collection agency.

Avoid “write offs” and start collecting the monies due to your business.

A Better Way to Help Collect Past Due Accounts
Traditional collection agencies can be upsetting because they give the impression to the debtor that they have been “turned in.” Businesses and Doctors prefer our service because we offer a more pro-active service with a level of consistency. This results in more timely collections that do not upset nor harass the debtors, like other collection methods.

The Profit Recovery Service delivers critical capabilities:

A state-of-the-art mailing system for communicating with your debtors
Properly written collection letters sent on the business' or doctor's letterhead
The impact of nonpayment leading to real consequences –Credit Bureau reporting or possible Attorney action– presented in a series of increasingly emphatic collection demands
Efficient interface for coordinating collection efforts with an Attorney
Compelling actions by the Attorney – a series of collection contacts and legal steps taken on your behalf
And finally, Payments are made directly to the business or doctor!

How it Works

At the crucial point in time when a business has lost dialog with their debtors, usually between 60 and 90 days, immediate action with the Profit Recovery Service will produce maximum collection results:

Step 1: Setup
The debtor is added to the system with his/her account balance. At this point the automatic system begins a series of courteous, but very effective debtor collection demands using the company's own letterhead. These letters now have the added impact of an attorney, the credit bureau and an agency, motivating more people to pay.

Step 2: Attorney Involvement (if necessary)
If the account is still unpaid 2 weeks after the fourth letter, a retained attorney assigned. The attorney will in turn mail a series of stronger, increasingly demanding contacts on their attorney letterhead, plus make a series of courteous but effective, phone calls (on balances of $100 or more). If desired, the attorney will then proceed with litigation if feasible.

Step 3a: Payment
The letters instruct the debtor to send payment directly to the business or doctor, throughout the process allowing them to receive all monies paid without going through a third party.

-Or- 3b: Non-Payment
If the account remains unpaid, our system will transmit the debtor data to one or more of three National Credit Reporting Bureaus at the discretion of the business or doctor.

Step 4: Account Resolution
Upon resolution of the account, our system will automatically mail a "Thank You" letter to the debtor at the discretion of the business or doctor.

Step 5: Client Reports
Each month the business will receive a detailed “Account Inventory Report” indicating all activity to date on all accounts submitted to the system. The business will have access to our web site, 24/7, to obtain a detailed status report and summary of their accounts.

Benefits of the Profit Recovery Service

The collection demand is applied sooner and slowly intensified, using more powerful tools than a traditional agency can deliver, we collect more than traditional methods for much less cost.
Recovery is also increased because every possible legal alternative is communicated to the debtor while the account is still collectable.
Security of funds will be maintained, because the business receives all payments directly.
Collection cost will be little or nothing! The cost of the system is partially or completely offset by the savings in internal expense.

Our unique Profit Recovery Service is hands free and provides proven results. Our clients have observed the following statistics:

Overall Recovery to Date: 41%
Cost for Recovery: as little as 5% – not counting internal savings

Don't settle for a traditional collection agency that recovers less and charges more! Request more information and learn more about this exciting service.