Increasing Cash Flow with Automated Collections In this PCM Corp post we want to take a look at debt collection automated vs phone calls. In this technology-driven world, automated collections through text messages and email campaigns are commonplace when following up with slow-paying customers. Some forward-thinking companies have incorporated a Chatbot for common questions while…
The universal truth in negotiations is that everything you want in life is owned or controlled by someone else, so we are negotiating all the time. The other maxim is that most North Americans can’t stand haggling over terms. Examining these two statements, one can immediately see a disconnect. Unless you set out to learn…
As the old saying goes, “nice guys finish last”; however, when it comes to cash flow, sometimes being the nice guy means you go out of business and never get to accomplish the dream of building your own profitable business and retiring comfortably. Acquiring customers is hard work, and deciding to extend terms to pay…
At Lien-Pro it is unfortunately quite common to have clients who want to lien but have missed their lien filing deadline. Sadly, there is no way to extend your lien filing deadline; however, you are not completely out of luck! There are still other options for debt recovery and below are three options to recover…
Should I File a Builders’ Lien? In many cases, Builder’s Liens and Construction Liens can be useful tools when attempting to recover payment for services and/or material used to improve the land. But, when considering filing a lien, you need to think will my builders’ lien be effective? Builders’ liens have an influence over money…
Is it time to consider a third-party debt collection agency? Is recovering overdue bad debt straining your ability to focus on important accounts, complete projects, or succeed with your own career goals? Whether you work in manufacturing, real estate, the non-profit sector or any other industry, you are likely to have encountered an issue with…
The services provided by Canadian collection agencies are governed by the laws of the province in which your debtor resides. If your customer is a business, most provincial jurisdictions do not require a collection agency to be licensed; however, if your customer is a person then many Consumer Protection legislations come into play. Each province…
If this article on debt collection tips piqued your interest, take heart. You are not alone. Each day across this great country, there are literally thousands of people who have been tasked with the job of trying to collect money from slow paying customers. Almost everyone in your shoes got the job by accident or…
We have included some tips for companies on how to reduce bad debt and about reducing risks. Bad debt write-offs can cripple a company’s financial ability to compete and grow, by choking their cash flow. To help you reduce bad debt, here are three of the most common mistakes to avoid that can cause well-meaning companies…
Hiring can be hard – a lot of time, energy, and investment goes into hiring new staff. When you are in need of filling a position, often times you will look internally to see if you have the resources available before look outside your organization. Take for example the job of following up on you’re…