Blog - Page 12 of 45 - American Profit Recovery

Improve accounts receivable process with these 6 tips

There are so many aspects to running and managing a business that you can truly enjoy. Maybe you love interacting with customers, problem solving, or working the back end, creating new products and services. You and your team should enjoy coming to work and doing what people pay you for.

But there are going to be times when customers do not pay you as we are sure you have figured out by now. And that can throw your accounts receivables into negative territory. How you manage your accounts receivables is critically important to meeting your cash flow needs as well as adhering to your own financial obligations as a business. Maybe you don’t fully enjoy the […]

David Greenwood2021-08-25T09:01:34-04:00August 25th, 2021|Categories: Advice for Businesses|

We are “all in” when advocating for the collection industry

Since the founding of American Profit Recovery and the day we opened our doors, we have always wanted to do what was right. That includes how we can work in the best interest of the clients that hire us, the consumers that are struggling with their finances, and the overall health and effectiveness of the collection industry.

We have always wanted to do our part.

The best collection agencies not only help clients that are struggling with cash flow and late payments, but they also advocate for what is right.

We were recently recognized by ACA International-the Association of Credit and Collection Professionals and presented with the ACA All in Award. This award is presented to agencies that […]

David Greenwood2021-08-11T10:49:08-04:00August 11th, 2021|Categories: Collection Industry News|

Six years helping clients and consumers

By Angela:

As I sit writing this blog, I am finding it hard to believe six years have passed since coming to American Profit Recovery. I still remember getting the call to come in for an interview and didn’t completely know what to expect or how I would be treated. Everyone associates “collection specialists, or debt collectors” as bad, mean people blowing up your phone. But that’s just not true.

Walking into the office I was pleasantly surprised by the smiling faces and overall atmosphere. […]

David Greenwood2021-12-14T09:51:46-05:00August 6th, 2021|Categories: Team APR|

Don’t make these 5 mistakes when trying to collect money

Your company has done the work, you feel like the client or customer was satisfied with what you’ve done, and you’ve done your part and sent an invoice for the work provided. Most of the time, you see a check in the mail, or they arrange for other types of payments such as a credit card.

Other times, it feels like an endless waiting game to get some clients to pay. After a certain amount of time, you realize you may not be getting paid for the work you have conducted, and it is time to get a little more assertive to get that bill paid.

However, we find many companies both large and small businesses can […]

David Greenwood2021-08-03T09:09:23-04:00August 3rd, 2021|Categories: Small Business Collections|

Is a collection agency a great place to work?

We are often asked the question of whether working in the collection industry is a smart career choice. Our answer is simple, and it is an affirmative yes!

And there is no better evidence than earning a spot on the Best Collection Agencies to Work For list for 14 straight years now. The program is led by the independent InsideARM publication and the Best Companies Group.

Yes, we are one of the best places to work in this industry, and for good reason. […]

David Greenwood2023-01-30T16:08:17-05:00July 30th, 2021|Categories: Team APR|

6 things they don’t tell you about debt collectors

Do you know the truth about debt collectors?

Do you feel you know what a collector does?

Oftentimes we find that many people are unaware of certain facts about the collection industry and are even surprised when they learn more about the industry and the people that represent that industry. But don’t worry, we are here to tell you some of the things you may not be aware of when it comes to the collection industry.

Collectors and consumers can have cordial and productive discussions

In many cases a conversation between a debt collector and the consumer is respectful and at the same time productive. Debt collections has changed over the years. If you’ve seen nightly news shows over […]

David Greenwood2021-07-23T11:32:03-04:00July 9th, 2021|Categories: Collection Industry News|

3 effective ways to deal with your late paying customers

While there may be many unknowns when running a small or large business, one thing we know for sure is that late-paying customers and clients are part of operating any size business. If you have clients, there will be a percentage of them that will either pay late or in some cases not pay at all.

Before we get into some of our tips for dealing with customers that do not pay, we would love to offer you some sound advice as you navigate this part of your business. And before hiring a collection agency, you should get comfortable with a few things.

One of the first things that should come to mind is that this is […]

David Greenwood2021-07-03T17:23:06-04:00July 5th, 2021|Categories: Small Business Collections|

Effective debt collections acknowledges unique consumer challenges

As the light the end of the metaphorical-pandemic tunnel gets brighter, creditors may be questioning whether sending consumers to collections is appropriate. Considering the financial hardships people have endured throughout the pandemic, it is a legitimate concern. Many consumers were laid off, some were forced to work lesser hours, and other people’s jobs were eliminated permanently. Even though vaccines are being distributed, and some benefits have been received, it will take many consumers a while to get back to where they were financially before the pandemic.

Our message to creditors is simple. Absolutely send those consumers to collections. Why? Because it is not a punishment to do so.

Many consumers who fall behind in their bills are […]

David Greenwood2021-06-15T07:58:50-04:00June 15th, 2021|Categories: Small Business Collections|

5 ways to improve cash flow in your veterinary practice

Running a veterinarian practice can be so rewarding, especially if you love animals. In fact, we don’t know anybody in the field of veterinary medicine that doesn’t absolutely love helping family pets. After all, that’s why they got into this field.

However, running a practice is like operating any other type of business, because it is a business, and it needs to make money and have positive cash flow. No positive cash flow means you can’t help the pets and animals that you love.

We serve many in the field of veterinarian medicine and we work closely to help them build up their practice through effective collections and cash flow management. Our experts offer a few tips […]

David Greenwood2021-08-02T14:33:19-04:00June 4th, 2021|Categories: Veterinarian Collections|

Cash flow and customers-How fuel dealers build better cash flow

If you are in the oil delivery business or are a propane retailer, then you know the challenges of cash flow. In many areas of the country, your business can be seasonal and your ability to manage cash flow is very important to be able to get through the year.

We have been working with fuel dealers for many years here and understand some of the financial challenges that many in this industry face. Our experts here offer the following tips to help you manage cash flow and get customers to get current on their financial obligations to your business. […]

David Greenwood2021-06-02T09:36:10-04:00June 2nd, 2021|Categories: Fuel Dealer Collections|

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