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Is your consulting firm losing cash flow? 4 tips to get back on track

If you are running a professional services firm or a consulting agency, we know that you are working closely with your clients and have far more interaction than other industries. This can include law firms, management consulting firms, marketing agencies, and others.

Because you are constantly working on behalf of these clients, you’ve also built a working relationship. This might not be like other industries we serve such as lawn care professionals where the lawn is serviced, and a bill is sent. In many cases, you may never see the customer. But as consultants, you see your clients all the time.

That’s why when they owe you money, it’s imperative that you handle it properly.

2021-05-25T10:46:59-04:00May 28th, 2021|Categories: Professional Services Collections|

Lowering the stress level in your small business

While running any type of small business can be stressful and cause business owners some type of anxiety, this past year during the coronavirus pandemic has caused more business owners and small business operators some of the hardest stress we have all seen in recent times.

We worry about small business cash flow, hiring, and firing, regulations, permitting, community relations and so much more. We worry about reputation, various crises in our business and we agonize about bringing home enough money for our families. And of course, every industry has its own unique challenges.

If you are running a small business, then you know it can be stressful. But it can also be a rewarding experience if […]

2021-05-25T10:12:40-04:00May 25th, 2021|Categories: Small Business Collections|

Culture in the Workplace-Vital to this Collection Agency

By Sabrine:

We have all heard others mention the significance of looking forward to work every morning, rather than dreading it. A positive work environment and culture is the very thing that can make or break an employee. Studies have shown that although employees make a decent salary at a company, they often quit for no reason other than the work culture.

If an employee is in a toxic work environment where they feel isolated, micromanaged, or ignored—it can easily cause burnout. This can affect a worker’s job performance as well as their attitude with customers they work with daily. It not only affects that employee, but it also leaves a negative mark on the company.

2021-05-19T07:54:18-04:00May 19th, 2021|Categories: Team APR|

How to send a debt to collections

Sending a customer to collections can be a big step for a small business. You have spent hours cultivating new customers in your community and you don’t want to lose any business. You have a great reputation for service among your current customers and most of them are paying you on time.

But there comes a time in any size business when customers are not going to pay, and you need to implement a strategy if you are going to recover that money. Depending on the type of business you are operating you may have a regular need for debt collections, or you may just have a few accounts that have been lagging in payments.

We are […]

2021-04-09T10:05:47-04:00April 13th, 2021|Categories: Advice for Businesses|

Debt collection ensures proper access to consumer credit

The debt collection industry is a necessary component of the US economy. Professional collectors provide a critical service to both small businesses as well as nationwide organizations in helping them secure late payments from customers. Without third-party assistance to secure back payments, many organizations would struggle on several levels.

While many consumers are not thrilled to be on the receiving end of a communication for late payment, what is important to understand is that completing their obligations to the business they secured services from is vital to the overall economy as well as the health of that business. They both work hand in hand.

Part of our economic machine here in this country is proper access to […]

2021-04-09T09:55:30-04:00April 9th, 2021|Categories: Advice for Businesses|

These 3 tips will help your business get paid faster

Every business wants to get paid faster.

In fact, a business or medical practice NEEDS to get paid sooner. Late payments can do all types of damage to a business. It hurts cash flow, delays your own payments on bills, and costs you money in the long run. Late-paying customers can create untold amounts of stress on a business and can even cause those consumers to go elsewhere because they have not paid you. Embarrassed and unwilling to come to the table, they go find another provider.

Over time, late and non-paying customers can take their toll on a business. So it is imperative your operation gets a firm grip on your receivables and has effective strategies […]

2021-04-01T16:15:58-04:00April 5th, 2021|Categories: Advice for Businesses|

4 ways compassion improves dental debt collections

Let’s face it, most of us do not enjoy a trip to the dentist. The anxiety experienced can sometimes be greater than other medical visits. If you are a dental professional, you know this part of the business all too well. When seeing patients, part of your job is to put them at ease while they are in your office. The better equipped you and your staff are to help your patients relax and accommodate them, the more profitable your practice can become.

But we understand that your patients are not the only ones stressed out. There is one thing we know to be true after assisting countless dental practices across the country, and that is, […]

2021-04-01T16:10:27-04:00April 1st, 2021|Categories: Advice for Businesses|

COVID-versary

By Matt:

Well, it has been one year since our state was shut down and we were “forced” to work from home.  Sound familiar?  What a crazy year it has been for sure.  Ups and downs, cases going up, cases going down ….. businesses closed, re-opened and closed and re-opened again.  Our clients’ sales down, sales up, sales down.  I think you know what I mean.  I wanted to share some of my learnings over the last year.

Empathy still exists!!  That’s right, people actually do have empathy for one another.  Even Democrats and Republicans!  Although we have always taken an approach of dignity and respect, a good chunk of our clients were overly nice and understanding […]

2021-03-18T08:56:10-04:00March 18th, 2021|Categories: Team APR|

4 Reasons healthcare collections need to be cordial

If you are running any type of healthcare facility or medical practice, we know how hard you have worked to cultivate new patients. It can take years to build a thriving practice and along with the best medical care, the way you do that is to provide a warm and welcoming environment at every phase of the patient experience.

The patient experience starts from that first phone call for care all the way through how that person is treated in the office, by all levels of staff, and after the visit. It includes good times and bad. And it also includes the process of medical collections and how that patient is treated during times of financial […]

2021-03-15T07:34:54-04:00March 10th, 2021|Categories: Advice for Businesses|

The common ground between sales and debt collections

The title may grab you but let’s be clear, debt collections is not sales and it is not selling anything. However, some of the core strategies that allow a sales executive to be successful can be viewed as some of the same traits you should be implementing in your collections. Let us explain.

There are always great lessons to be had and new things to be learned if you’re looking in the right places in the world of business. A successful sales professional has many elements that allow that person to achieve their goals. And while we have all run into “that” sales guy who may have turned us off, the good ones follow some basic […]

2021-03-15T07:36:34-04:00March 5th, 2021|Categories: Advice for Businesses|
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