Small and home-based businesses cannot escape the probability of dealing with unpaid receivables. Whether an uncollected debt is the result of authentic scarcity of funds at the customer’s end or her being a habitual defaulter, debts need to be collected on priority to avert loss to business. Business heads should have a sensible action plan [...]
Invoice factoring in Atlanta has gone mainstream.
Once thought of as untraditional, tighter lending standards have forced businesses to take a closer look at how factoring — the process of selling a discounted invoice to a third-party — can provide operating capital with no loans, no banks and no debt.
Increasingly, it is thought of as [...]
The current economic slowdown is compelling increasing number of businesses to hold on to payables as long as possible. Companies are delaying making payments to preserve funds for their own business operations. Studies have shown that payments delayed for long periods often go uncollected. Consequently, companies awaiting payments are becoming more vigilant in collecting payments [...]
A good Medical Billing Service has the remarkable potential to increase your collection rates by 40% or more. However, how do they do it? Good metrics are the key to effectiveness of a medical billing service. Like any high performing business, they measure their performance with dependable metrics.
Collecting medical bills is an onerous task. The [...]
All organizations have some customers who delay payments or even avoid them. Unpaid dues or bad debt is an unavoidable problem for all organizations. However, for small businesses, bad debts can take on a nightmarish quality by reducing cash flow drastically. Restricted cash flow hampers the growth of the business. Collection agencies are an asset [...]