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Streamline your Accounts Receivable Collection
Today, many businesses are outsourcing non-revenue producing activities due to the on- going costs of employees, the ebb and flow of workloads and to obtain an evaluation of their internal business processes regarding accounts receivables and their collection.
In a recent article entitled, "AR Outsourcing — Coming of Age in the New Millennium," Price Waterhouse Coopers reported that 57 percent of surveyed companies failed to set performance objectives for the management of their accounts receivable portfolios.
Outsourcing allows your company to be more efficient, more effective, and to reduce costs. Outsourcing at least some of your accounts receivable process can give you access to a personal, professional customer/client focused approach to receivables management. Helping you preserve your customer/client relationship while ensuring prompt payment of your receivables. In other words by outsourcing your receivables you get a consistent professional follow up with your customers, and that means quicker payments and improved cash flow for your company.
Benefits:
- More effective collections through a system-driven process built on well-defined collection policies and procedures designed for you and your business by Sterling Services
- Consistent customer service follow-up on every account, that meets defined performance goals tracked and monitored to ensure we maintain a good relationship with your customer and, at the same time, collect your money as quickly as possible.
- Improved cash flow, decreased DSO and reduced billing support costs.
Sterling Services is NOT a collection agency. Not in the traditional sense. The use of collection agencies to recover receivables does not provide an effective focus on the customer relationship. Collection agencies focus solely on the collection of highly delinquent accounts in which the customer relationship is already highly suspect or irretrievably damaged. Sterling Services provides account receivable management through the operation of a "virtual" account receivables department with services comparable to a senior accounting/credit/collections clerk but at a more reasonable cost as there are no fixed salaries, vacation pay or benefits packages involved.
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