Want a Healthier Bottom Line? Let Me Show You How!
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Transworld Systems Inc. is a company that has been helping clients improve their cash flow for over 40 years. They have a 4-stage approach to collecting past due accounts that is more cost-effective than traditional internal collections processes. Their services include the GreenFlag Accelerator program which makes contact with debtors diplomatically through letters and phone calls. For accounts not resolved through GreenFlag, their GreenFlag Profit Recovery service uses increasing demands to collect on the accounts while keeping the client in control of the process. Transworld also has a contingency-based collections service for high-risk accounts not resolved through their other programs.
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Want a Healthier Bottom Line? Let Me Show You How!
- 1. Transworld Systems Inc. Making Cash Flow Âź Elizabeth Houser 501.765.0569 [email_address]
- 4. We Can Provide You Solutions Making Cash Flow Âź
- 8. Our 4 Stage Optimized Approach Making Cash Flow Âź
- 9. We Create a Sense of Urgency Making Cash Flow Âź
- 10. Our 4 Stage Optimized Approach Making Cash Flow Âź Your Initial Invoice Collections
- 13. Mixed Media Create Urgency Contact 1: Diplomatic Reminder Letter Contact 2: Diplomatic Reminder Call Automated Reminder Call #1: Hello. This is not a telemarketing call. This is <TSI Client Name> calling regarding your account and a letter we recently sent you on <Date>. This message is for <Debtor Name>. Please contact us at your earliest convenience at <Phone> and reference your account number <Account>. Again, thatâs <TSI Client Name> at <Phone>. Thank you for your immediate attention to this matter. Click here to hear a sample of this message. Making Cash Flow Âź
- 14. Technology Makes a Difference Contact 3: Diplomatic Reminder Letter Contact 4: Diplomatic Reminder Call Automated Reminder Call #2: Hello. This is not a telemarketing call. This is <TSI Client Name> calling for the second time regarding your account and a letter we recently sent you on <Date>. This message is for <Debtor Name>. Please contact us at your earliest convenience at <Phone> and reference your account number <Account>. Again, thatâs <TSI Client Name> at <Phone>. Thank you for your immediate attention to this matter Click here to hear a sample of this message. Making Cash Flow Âź
- 15. Contact 5: Final Warning Letter Making Cash Flow Âź
- 16. You Will be Informed of Progress Making Cash Flow Âź
- 19. 40 Years of Proven Success Making Cash Flow Âź Demand 1 â Diplomatic, Intensive or Bad Check Options
- 20. Making Cash Flow Âź Demand 1 â Diplomatic, Intensive or Bad Check Options 40 Years of Proven Success
- 21. Making Cash Flow Âź Demand 2 Or Choose A Call Automated Call: Hello. This is an important message from Transworld Systems, a debt collection company. This is an attempt to collect a debt and any information obtained will be used for that purpose. We are calling in reference to a letter we sent you on <Date> regarding our client <TSI Client Name>. Please return the call to <TSI Client Name> at <Phone>. Again, thatâs <TSI Client Name> at <Phone>. When calling please refer to your id code <Account>. Transworld Systems is a debt collection company and any information obtained will be used for that purpose. Thank you. Click here to hear a sample of this message.
- 22. Making Cash Flow Âź Demand 3 Driving Urgency
- 23. Making Cash Flow Âź Demand 4 Or Choose A Call Automated Call: Hello. This is an important message from Transworld Systems, a debt collection company. This is an attempt to collect a debt and any information obtained will be used for that purpose. We are calling in reference to a letter we sent you on <Date> regarding our client <TSI Client Name>. Please return the call to <TSI Client Name> at <Phone>. Again, thatâs <TSI Client Name> at <Phone>. When calling please refer to your id code <Account>. Transworld Systems is a debt collection company and any information obtained will be used for that purpose. Thank you. Click here to hear a sample of this message.
- 24. Making Cash Flow Âź Demand 5 40 Years of Proven Success
- 25. Making Cash Flow Âź Thank You Letter Optional Thank You Letter
- 26. We Keep You Informed Making Cash Flow Âź
- 28. Transworld Systems Inc. Making Cash Flow Âź Contact me for a free Cash Flow Analysis. Elizabeth Houser 501.765.0569 [email_address]
Hinweis der Redaktion
- â Good afternoon, I have been looking forward to meeting with you. If its OK with you, I would like to spend a few minutes sharing some information on my company and then I will ask you some important questions that will help me understand how we may be able to help your business/practice. Is it OK if I get right to it? Great!â
- Slide content, then: âMr. Prospect, our company commitment is very simple: To deliver âŠ..â. TRANSITION: âHere is what the experts have had to say about TSI:
- Slide content, * show MGMA to medical prospects. TRANSITION: âHere are a few quotes from some TSI clients ..â
- â I want to take a few minutes and ask you some questions about your business/practice that will help me understand exactly where we can be of service âŠâ TRANSITION: âIf I can show you how TSI can make a real difference in your cash-flow, are you the person who could make a decision to implement our service?â
- Slide content, then: âThis US department of Commerce graph shows how dramatic depreciation can be. It shows after just a few months accounts become much harder to collect ⊠after 90 days 1 of 4 will never be collected, after six months 70% of the value of receivables is gone, and after a year 90% of the accounts are uncollectable.â
- â If you run a business, you know how tough managing cash-flow can be, here is what some experts have had to say about collecting accounts âŠâ TRANSITION: âMost business have a two-stage approach to managing their A-R >>.
- Slide content. TRANSITION: So how does TSI help businesses deal with these challenges?â
- â We recommend an optimized approach to collections that works in four stagesâ (Review stages by name) TRANSITION: âThe most important thing we do for our clients is increase the urgency in the collection process ..â
- â As the accounts get older ⊠and the risk of loss is greater for you, the intensity increases from usâ. This is very different from what a business can do for themselves and can have a real impact on your cash-flowâ. TRANSITION: Here are our four recommended stages:
- Slide content. TRANSITION: âLetâs review the accelerator service âŠâ
- Slide content, then âdoes that seem simple enough?â TRANSITION: âLetâs imagine that we are placing accounts today, and go through the sequence so you can see what you debtors would see âŠâ
- Slide content. TRANSITION: âLetâs take a closer lookâŠâ
- Slide content then Play reminder message. âWhat do you think?â TRANSITION: If they ignore this message from you, we take the next step ..â
- Describe contacts (* playing second reminder is not usually necessary unless the prospect wants to hear it) TRANSITION: âThe slow-payer has now heard from your office (through TSI) four times. We will give them a last opportunity to respond to your office âŠâ
- Review contact. âI have a question for you: do you think that asking for your money five-plus times gives the customer/patient a fair opportunity to pay?â TRANSITION: âHow do you keep track of collection progress through the accelerator?â
- Review report. âIf you look at the call time notes, you can see that 8 calls were made by this client (through the accelerator) in less than one minute. Would being able to contact 8 delinquent customers within a minute help your office efficiency? TRANSITION : If the debtor has ignored five-plus requests from your office, is it time to take the delinquency more seriously?â Thatâs what we think as well âŠâ
- Slide content (sections from each quote). TRANSITION: âHere are a few of the large, national clients who trust their cash-flow to TSIââŠ.
- Slide Content. TRANSITION: âWe have been collecting successfully as a collection agency for over 40 years ..â
- Review Courtesy Notice: âwould you agree that most reasonable would not be offended from this kind of collection demand?â At this point, the debtor has a few options: 1. pay the balance in full, in which case the money would come directly to you, then you would simply log on to your client portal and report the payment. 2. The debtor could make payment arrangements. If you are happy with the arrangements, you can suspend our service. 3. The debtor ignores our demand, in which case we would automatically contact them again, ten days later âŠâ
- Review Courtesy Notice: âwould you agree that most reasonable would not be offended from this kind of collection demand?â At this point, the debtor has a few options: 1. pay the balance in full, in which case the money would come directly to you, then you would simply log on to your client portal and report the payment. 2. The debtor could make payment arrangements. If you are happy with the arrangements, you can suspend our service. 3. The debtor ignores our demand, in which case we would automatically contact them again, ten days later âŠâ
- â you have the choice of how you want to us to make our 2 nd demand, either through an written collection agency demand or with an automated collection agency voice message. Do you want to hear the message? Which do you think you would prefer for your debtors?â TRANSITION : âIf your debtor ignores us again, we will contact them again ten days later with a higher-intensity collection demand âŠâ
- Review demand. âAnother important aspect I want to show you is the address at the top of our written demand. Even though all of the collected money will be paid directly to you, the address that appears here will be the TSI office nearest to your debtor, further influencing the urgency of the situationâ. TRANSITION: âWhat if they continue to ignore the efforts of a licensed collection agency to resolve the debt owed?â
- â We now know that this is a legitimate debt, and it is no longer disputable by your debtor. For this fourth attempt we can contact them with either the written demand or agency reminder, your choice. Most agencies charge between 30-50% and do not make this many attempts to collect for their clients. This is a key point because a high percentage of debtors require very persistent contact from an agency to resolve their debt ⊠in most cases you are not the only one they owe money to, if you want to be paid first you need frequent & urgent agency contact with your debtor. TRANSITION: âIf the debtor ignores us again they are telling us something very important. They are telling us that they may require legal efforts to pay the money you are due.â
- â When we know we have a high-risk debtor, we make one last attempt to allow them to pay voluntarily. Here is what we say: (read demand). We have tens of thousands of debts placed with us every single day, and most are resolved before they would reach this stage. When the time comes that one of your accounts reaches this stage, we will have legal & high-intensity options to pursue these kinds of high-risk debts. The five-demand system I have just shown you collects more than double the industry collection average on a fixed-fee basis that averages around $10 per account. Most of the collections we effect with our Profit Recovery service pay early in the cycle. Once they have, you will have the option of having us send a thank-you letter on your behalf. Here it is âŠâ
- Review TY letter, then âhave you ever heard of a collection agency sending a collection letter to debtors once they have paid? Do you think you would want us to do so with your debtors?â TRANSITION: âLet me show you how you can keep track of your collections progressâ
- â This is our enhanced report and you can access it 24/7 through your client portal. Here are some of the important details you will be able to see ⊠(review report)â TRANSITION: âThis is a sample report. Letâs look at a few in your industry so you can get an idea on how our services will work for you ⊠(show locals and/or vertical)â
- Slide content, then âfor the option to use our team of intensive and legal collectors on a case-by-case basis, please approve hereâ TRANSITION: âI want to make sure we get off to the quickest start possible in accelerating your cash flow, hereâs what we will need to get organized right away (describe install prep). I am really looking forward to working with you, thank you for your confidence.â