First, my question and then I will tell you what has helped thousands of our clients worldwide!
Are you facing increased DSO ( Days Sale Outstanding), Are clients not paying you? Are clients receivong goods and disappearing? What are you doing to prevent your company from having to write off hundreds of thousands of dollars? Lets share ideas.
My client base is that specifically within the Importing/Exporting Industry worldwide. However, although the industry has allowed me to thrive within my organization. It is sad just how "busy" I have become over the last few months. With the global economy is such turmoil , more and more accounts are being turned over to me and other collection firms worldwide. The problem is, many of them can not be collected. Many businesses are loosing money NOW, like never before! Although I am always eager to assist collecting on accounts where Manufacturers/Importers/Exporters have exhausted their own in house efforts, once the doors close, it is virtually impossible for anyone to collect the monies owed.
With this said, I would like to offer FREE assistance and advise directly to the industry that has assisted me in my career! First, LOOK FOR RED FLAG SIGNALS.....such as :
Ignoring Calls and Invoices Once Product is Received---Breaking Payment Arrangements-- Making Sudden Invalid Dispute Claims to Avoid Payment----Stating that they did not receive your invoice AGAIN----Stating that the check was sent , yet you never received it----Claiming Financial Distress as reason for non payment
Once these RED FLAG SIGNALS SHOW....Call YOUR collection Agency and Submit them for collections IMMEDIATELY! NEVER let an account pass 90 days or you are asking for the DANGER ZONE!!!!!!!
You can also prevent many of these RED FLAG CLIENTS from becoming clients by having new and EXSISTING clients complete several forms such as
CREDIT APPLICATION ( and PLEASE call the references) If you dont have one, call me ILL give you one for FREE
Personal Guarentee ( This holds the principle liable if the company dismembers, files for bankruptcy, or is forced into dissolution...again IF YOU DONT HAVE THIS FORM ILL GIVE IT TO YO FOR FREE!!!!!!!!!!!!)
Run Business Credit Background Reports ( You can utilize Experian online for a reasonable rate.....IF you place accounts with my firm, we offer these to clients for FREE)
If your potential client is in the states, you can review any valid company via the internet of the businesses residing Secretary of State. This site will tell you if they are a legal business entity and if they have any liens or judgements against them. This is a free service in most states!
Think Folks! In a perfect world, everyone is honest and pays their bills, as we all know this is not a perfect world. However having clients complete these preventive applications, calling on references, running background business checks and asking around will ONLY help!
Again, if you need help in the preliminary process, Call me, I WILL Help YOU FOR FREE!!!!!!!!!!!!!!!!!!
Also, if you have accounts anywhere in the world that are showing the Red Flag Signals that I am about to list, I will offer you, as an ALIBABA Member, a special contingent fee. YOU never pay my company a cent until your money is collected, then we only charge you a small commission fee ONLY of what was collected. We will utilize our collectors, mediators, negotiators, Goverment/Embassy contacts and attorneys strategically placed to cover 73 countries globally! And you never pay us a dime until your =money is collected, and even then it is only a small percentage ( 15-18%) of what is collected for both domestic and International Accounts! Together we can help each other. My name is jennifer Stacey and if you have a question, call me. 1-302-883-8564 or email me jstacey@abna.us opr visit my site www.abna.us