The collection industry has witnessed a lot of change over the last two years. Social media has had a huge impact on collection practices. Privacy laws are changing rapidly and we are witnessing an increasingly restrictive regulatory environment.
What You'll Learn:
Best in class accounts receivable practices.
When to use a collection agency.
What to look for in a collection agency.
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Inside a Collection Agency - Your Questions Answered
1. Inside a Collection Agency:
Your Questions Answered
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4. Topic 1: Best in Class A/R
Practices
• What are the elements of a good credit
application and collection policy?
• What elements are important to have on the
credit application?
• When do you see in-house policies fail?
6. Topic 2: When to utilize an
agency?
• When is the best time to hire a professional?
• What are the five key features to look for
when searching for a good agency?
• How can an agency collect if I cannot?
• How long is an account usually worked on?
• Why use an agency at all?
8. Topic 3: What if I’ve never
worked with an agency?
• What should I expect a typical collection process to look like?
• How do you determine when an account should be closed?
• Why should I pay an agency a percentage of my own money?
• What is a typical pricing model?
• How do I get started?