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Why does my company need Collections Services?
Debt is a part of business. It is as important to collect your own debts as it is to stay out of it. Collecting your debts through in-house methods becomes time consuming and spends valuable resources; that is why businesses seek the help of collections services.
Most consumers indebted will not be able to tell the difference from your employees and those of the collection service; it is extremely important to choose a reputable collections service.
What factors do I need to consider in shopping for a Collections Service?
- Choose a collections service provider with experience in your industry. Remember their representatives will act as extensions of your company.
- Check on the collection services' references. Ask other businesses within your industry about collection services they have used.
- Discuss how they will go about collecting your money through letters, phone calls, etc. You do not want a collection service to send anything without your approval.
- Ask the collection service about how they will locate debtors which have previously 'hidden' under the radar or their use of 'skiptracing.'
- State regulations may cause impediment to your collection services' endeavors. If you have debtors from other states, ask your service how they will go about collecting from them.
- See about getting insurance to protect your collections service and yourself against unhappy debtors.
It is important to receive multiple quotes for collection agency services in order to make best match for your business.
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Collection Agency News
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Business Consultant Agreement
This is a template of business consultant agreement. It provides all terms and conditions. It could be modified as per users need.
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Business e-mail Newsletter (2-Col., Uneven, W/Hyperlinks)
This is a template for business e-mail newsletter with 2-col., uneven, w/hyperlinks.
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Service Providers and SAS 70 Reports Understanding Requirements, Compliance and Benefits
This webinar gives a complete overview of the SAS 70 report and explains what a SAS 70 Report is and who can issue it, which types of entities are candidates for SAS 70 audits and what is the difference between a SAS 70 Type and Type II Report. The webinar also outlines how Sarbanes-Oxley has impacted the demand for SAS 70 audits and how a SAS 70 Audit process works and frequency of reporting. Lastly, it introduces participants to the format documenting controls: COSO and COBIT and the benefits to be derived from SAS 70 audits.
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