Similar to our Roadmap, we also like to challenge our current and future clients to plan ahead, taking advantage of your 4th Quarter so that we can maximize your returns in 2016. What are some tips to get ahead of the game?:
- Take Advantage of Early Placement: By placing accounts earlier in the aging cycle, your chances of recuperation as well as client retention are higher. Up to 75% higher in some cases!
- Make a Schedule and Stick to It: November and December can get hectic for many businesses, and we sometimes see placement consistency drop off toward the end of the year. However, this causes a backlog of placements in the 1st Quarter and needlessly ages those waiting to be pursued! Designate a time each week for placing accounts and maintain it.
- Let Us Handle It: Many companies prefer to work their accounts internally before turning them over to an agency. This causes a variety of issues, from staff strain and discomfort to leverage erosion, not to mention aged accounts. Take it off your company’s plate and allow cash flow management experts to work for you.
- Look Ahead: It may not feel this way now, but tax season is around the corner already. This is the busiest and most profitable times for TekCollect – the time of year we collect the most money for our clients. Get these strategies in place now so that by tax season, your internal practices are optimized for best performance by the TekCollect team.
Make the most of your 4th Quarter by building your Roadmap to better cash flow wellness. We look forward to helping you on your journey.
TekCollect provides the most advanced accounts receivable, collections, and client retention services available. To learn more about us, visit our website and follow us on Facebook and Twitter.