5 MOTIVATIONS FOR CALLING A COLLECTION AGENCY

Do you spend too much time chasing debtors, checking your cash flow and defending your reputation? Do you have too little time left to devote to your core business? Are you inhibited by the exportation risks? These are motivations for calling a debt collection agency.

1. Unpaid invoices pile up

Are unpaid bills piling up, eating up your profit and degrading your sleep? You can use administrative help and external solutions to recover these pending accounts.

Outsourcing this type of administration to a professional debt collection partner who knows how to effectively get rid of the mountain of paper with knowledge of the approach is a relief.

2. The follow-up of defaulted debtors takes (too) much time

Not only is the growing mountain of paper difficult to keep up with, but chasing delinquent debtors is also time consuming. This time, you would like to invest in your core activities.

Moreover, to address debtors and remind them to make their payments is a business. And you may prefer not to harm the customer relationship and avoid difficult discussions. However, you do not want to wait forever for payment on the work you performed or goods you delivered. An intermediary or mediator therefore appears to be an ideal solution to protect the customer relationship and collect your invoices.

And you can even draw inspiration from their amicable collection process to improve your internal procedures. Indeed, the follow-up of unpaid invoices is not so easy: when can you demand compensation and interest? Are your general sales conditions adequate? How to best treat a debtor? Which formulations are successful? How quickly should you call your debtor? These are just a few of the issues where their experience could benefit you.

3. Your cash flow could be healthier

You can’t invest money that just doesn’t come in. Your cash flow (your “treasure” as in treasury) is the first tool of your development. So, it’s natural for you to worry if it suffers from defaults. An invoice that is owed to you but not paid to you is in fact an expense. And an unproductive, unnecessary one!

How about a solution that involves no investment risk? You can in fact avoid adding a layer of expenses on top of the unpaid, possibly without return. A collection partner who works no-cure-no-charge and quickly collects your debts seems ideal.

4. You don’t want to risk your reputation

If you do not chase payment for your invoices in a professional manner, you favour the delinquency of your customers. And indeed, customers talk to each other and your reputation for “generosity” grows. You will see an increase in your unpaid bills. That’s why even the smallest bills cannot be overlooked.

However, you don’t want to spend money to go to court either. Moreover, you prefer an amicable solution, respecting the debtor while confirming your legitimacy. A collection agency with its trained professionals, including visitors, would be ideal.

5. Export opportunities are within your reach

You may have already lost a lot of export opportunities for fear of unpaid bills. It is difficult enough to manage Belgian debtors; you don’t want to complicate the situation with international debtors.

A debt collection partner, affiliated with a renowned international debt collection network, could boost the confidence needed to do business across national borders. Indeed, local collection offices know the legal and cultural customs and are equipped to collect your unpaid invoices far from home.

Do you think a collection agency could be a solution for you? Do not hesitate to contact us! TCM Belgium has 25 years of experience in invoice collection, and thanks to the TCM Group collection network, we can offer solutions in more than 100 countries.

5 MOTIVATIONS FOR CALLING A COLLECTION AGENCY

Do you spend too much time chasing debtors, checking your cash flow and defending your reputation? Do you have too little time left to devote to your core business? Are you inhibited by the exportation risks? These are motivations for calling a debt collection agency.

1. Unpaid invoices pile up

Are unpaid bills piling up, eating up your profit and degrading your sleep? You can use administrative help and external solutions to recover these pending accounts.

Outsourcing this type of administration to a professional debt collection partner who knows how to effectively get rid of the mountain of paper with knowledge of the approach is a relief.

2. The follow-up of defaulted debtors takes (too) much time

Not only is the growing mountain of paper difficult to keep up with, but chasing delinquent debtors is also time consuming. This time, you would like to invest in your core activities.

Moreover, to address debtors and remind them to make their payments is a business. And you may prefer not to harm the customer relationship and avoid difficult discussions. However, you do not want to wait forever for payment on the work you performed or goods you delivered. An intermediary or mediator therefore appears to be an ideal solution to protect the customer relationship and collect your invoices.

And you can even draw inspiration from their amicable collection process to improve your internal procedures. Indeed, the follow-up of unpaid invoices is not so easy: when can you demand compensation and interest? Are your general sales conditions adequate? How to best treat a debtor? Which formulations are successful? How quickly should you call your debtor? These are just a few of the issues where their experience could benefit you.

3. Your cash flow could be healthier

You can’t invest money that just doesn’t come in. Your cash flow (your “treasure” as in treasury) is the first tool of your development. So, it’s natural for you to worry if it suffers from defaults. An invoice that is owed to you but not paid to you is in fact an expense. And an unproductive, unnecessary one!

How about a solution that involves no investment risk? You can in fact avoid adding a layer of expenses on top of the unpaid, possibly without return. A collection partner who works no-cure-no-charge and quickly collects your debts seems ideal.

4. You don’t want to risk your reputation

If you do not chase payment for your invoices in a professional manner, you favour the delinquency of your customers. And indeed, customers talk to each other and your reputation for “generosity” grows. You will see an increase in your unpaid bills. That’s why even the smallest bills cannot be overlooked.

However, you don’t want to spend money to go to court either. Moreover, you prefer an amicable solution, respecting the debtor while confirming your legitimacy. A collection agency with its trained professionals, including visitors, would be ideal.

5. Export opportunities are within your reach

You may have already lost a lot of export opportunities for fear of unpaid bills. It is difficult enough to manage Belgian debtors; you don’t want to complicate the situation with international debtors.

A debt collection partner, affiliated with a renowned international debt collection network, could boost the confidence needed to do business across national borders. Indeed, local collection offices know the legal and cultural customs and are equipped to collect your unpaid invoices far from home.

Do you think a collection agency could be a solution for you? Do not hesitate to contact us! TCM Belgium has 25 years of experience in invoice collection, and thanks to the TCM Group collection network, we can offer solutions in more than 100 countries.