A/R Insider

Professionals in the credit and collections business point to certain key elements that improve overall collectability of accounts once they reach the point when they are placed into collections. The factor that is nearly universally agreed upon is age of the account from date of last sale at the time when it’s placed into collections. There are, however, other important factors that should be considered, many of which begin before a sale ever takes place.

When an account in a foreign country becomes delinquent, it can be a daunting task to collect on your own. Whether it’s across the border in Mexico or Canada, across the pond in Great Britain or around the world in Qatar, there are many obstacles that can hinder your ability to collect.

Whether your account is placed through our online client portal, by fax or email, at midnight or noon: when you forward a business-to-business account to Transworld Systems Commercial Division, our efforts begin immediately to recover your funds fast.

Since the beginning of the economic downturn several years ago, many companies have been trying to do more with less people as a way to compensate for depressed sales and increased bad debt. Often times, this creates a work flow gap, especially in the accounts receivable department. As staff count decreases, companies quickly reach a point of diminishing returns where there is not enough staff to adequately cover all the tasks required to meet internal credit and collection policies. As a result, accounts that should have been recovered in-house prior to going to an agency age past the point of collectability and cause a greater loss of profit.