Tuesday, May 21, 2013

A.R.M (Account Receivables Management)








                     A.R.M (Account Receivables Management) 


              Every business owner loves getting paid. The problem is we have found that most small business owners either hate to bill or have a process that is lacking. To effectively handle accounts receivables for a small to midsize company is usually a full time job for the owner or a key employee. Let Cashflow give you a hand or in this case an A.R.M with one of our our low cost value added Accounts Receivables Management Campaigns.


We handle your billing from A to Z. Cashflow will act as another "ARM" of your business sending out bills, reminders, and making calls. We will treat your customers as our own and maintain the relationships you have worked so hard to build. We have several tiers of service available or we can customize a plan for your individual needs. One conversation with us and you will ask yourself why you have been handling your receivables internally. The time and money you save will surprise you!

Contact us Today, We are available 7-days a week: 

Cashflow Credit Counseling and Collections LLC
200 Rt. 18 
East Brunswick NJ 08816
732-201-3060 option #3
or 
www.facebook.com/Cashflow07734

or 

info@cashflowcci.com




Monday, May 13, 2013

The benefits of outsourcing accounts receivables

       The benefits of outsourcing accounts receivables

By outsourcing accounts receivable, small business can avail a less expensive - and often higher quality solution and achieve significantly higher collection efficiency, thereby improving cashflow and company bottom lines. Also by implementing receivable outsourcing, companies gain access to top notch collection agency professionals and advanced collection agency resources even if they don't have full time AR management needs. It doesn't take a long roster of past due clients to make a big dent in a company's bottom line. According to statistics, once an account becomes 90 days overdue, your business is likely to receive only 73 cents for every dollar owed. After 6 months, the amount drops to 50 cents on every dollar and down to 25 cents after one year. Bringing a collection agency on to handle accounts receivable addresses delinquent accounts within the first 90 days, before they get out of hand. 





  
 Without a systematic approach to A/R your business is leaving money on the table. 
Sales that have not yet been collected as cash reflect Accounts Receivable. In today's credit based business environment, small businesses sell their merchandise or services in exchange for a customer's promise to pay at a certain time in the future. Timely collection of accounts receivables is an extremely important source of cash inflows. If this management is bad, small business may not have sufficient liquidity to meet its own expenses. Moreover, accounts receivable portfolios can amount to 21 percent to 34 percent of a small business company's assets. Inefficient collection can amount to 25% of the asset base of a small business could put the very existence of the business at stake. 

                                         


For a small business, like any other enterprise, accounts receivable also represent an investment. The money locked up in accounts receivable is not available for meeting the costs of running or expanding the business. The return from an investment in accounts receivable doesn't occur until the customers clear their invoices. Day-to-day management of accounts receivables is traditionally paper intensive, time consuming and expensive. Even if they manage the cost, capturing information from hard copy documents, routing them to concerned individuals, and providing easy access to the documents in a timely fashion is indeed a very complex task for small business involving deployment of skilled manpower and enabling systems. Ultimately, management and collection costs of accounts receivables far outweigh the collection, putting the small businesses in financial jeopardy. 
                             
Small business, partnering with an accounts receivable outsourcing firm has many benefits. These benefits include, but are not limited to, increased cash flow; reduced operating costs; better small business accounts receivable control; efficient management of small business balance sheet accounts, increased sales to slow paying accounts; fewer delinquencies resulting in lower collection costs; and improved customer service. According to IDC review, outsourcing business processes in the US is expected grow with a compound annual growth rate of 8.1 percent through 2012, when the market is expected to reach $390 billion. Of the total spending on account of outsourcing, small and medium businesses would have a share of 31% by 2013. 

Accounts receivable outsourcing for small business is a trend that has come to stay. By leveraging dedicated and skilled manpower backed with high-end cross cutting technology, small business units can drastically turnaround locked cash to instant liquidity at a minimum process cost and utilize the resource to accelerate growth and higher return.

If you are interested in taking advantage of our accounts receivables outsourcing program, please contact us via email, phone, or Facebook. Thank you  


Cashflow Credit Counseling and Collections LLC
200 Rt. 18 
East Brunswick NJ 08816

Contact # : 732-201-3060 and press #1

Facebook: www.facebook.com/Cashflow07734

Twitter: Cashflow07734