Nearly every company has the problem of late payments and most will have existing internal and external processes in place to minimise their bad debt. However, when it comes to low balance cases, E.G. £50 or under, many companies will simply write them off or make minimal effort to collect the debt.
The reason for this is commercially obvious, the cost to collect in terms of fees, time, and resources are all major barriers that many companies struggle to overcome.
If there was an answer to the collection of low-balance invoices, would you be interested?
Finding an outsource partner who can offer a cost-effective, full collection strategy has previously been difficult. A typical debt collection solution still has to support significant overheads and this can severely impact profit margins. To overcome this, providers are forced to charge extortionate commission rates, meaning that the creditor is left with minimal return. That is if the case is even accepted!
Many utilise a ‘one size fits all’ strategy which is targeted toward the most profitable cases. With limited ability to vary or modify their service offering due to rigid operations or limited I.T. systems, many continue with strategies that are not suited to low-balance accounts.
These factors have forced many businesses to stop outsourcing low-balance debt altogether. What is the solution to collecting invoices with low balances?
COLLECTaDEBTpro’s transparent, fixed-cost model solves this problem. With our unique debt recovery solution, each debt will always receive a full and thorough collections strategy that works in harmony with your current processes to maximise the chances of success. The price for this solution is incredibly cost-effective and you can even add reasonable late payment fees/interest to the overdue balance, which can offset our costs in full. There are no additional commissions or hidden fees and every penny collected is retained by you.
Our strategic modelling ensures compliance risks are also dramatically reduced, limiting the exposure to your business brand compared to conventional debt collection solutions.
Depending on the age and debt type, COLLECTaDEBTpro’s solutions are achieving recoveries of up to 80% from low-balance debt portfolios whilst significantly reducing historical outsourcing costs.
For further information, please take a look at our website or email us at This email address is being protected from spambots. You need JavaScript enabled to view it.