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Outsourced Accounts Receivable

Outsource the services and complete functions of a part-time or full-time accounts receivable clerk, or of the entire accounts receivable team. No wages, no superannuation, no overheads, no HR issues, no paid holidays!

The objective and benefit of this service is to reduce your "debtor days outstanding" and bring them closer to, if not within, your actual credit terms. The cost of late paying debtors and of extending ongoing monthly credit beyond terms is a significant hidden cost which plagues many businesses.

Beyond this, accounts receivable staff are often employed to monitor and maintain the payments-received process but lack the overall resources to impact on debtor days. As well, company accountants are also typically not trained in this specialist area and this ongoing process is not their primary function given all of their other responsibilities.

Let the Collection World Group professionals, backed by our expertise, experience, technology and infrastructure perform these services on your behalf. It is no longer necessary to employ your own staff for these functions; nor is it necessary to task an inappropriate staff member to perform these vital services. Let us show you how Outsourced Accounts Receivable from Collection World Group is more cost effective.

How the Service Works
You send out the original invoices and we will perform all the remaining follow-on activities.

We will professionally manage all of the activities and functions of:

  • Telephone calls to your clients (our professional staff excel at a customer-care approach), postage and handling of reminder letters, re-issue of original invoices if needed, dispute resolution, collections and complete ledger management.
  •  Weekly and/or monthly reporting (and forecasts, as requested) provided back to you.
  • All monies received paid directly to your nominated account.
  • We invoice you a monthly percentage service fee on monies collected
  • This service also incorporates Early Stage Collections as and if required.