No one likes to be chasing down customers for payments, but sometimes it’s unavoidable. If you find yourself in this situation, there are a few things you can do to improve the situation. In this article, we’ll explore what some of these steps are and give you a game plan… Read More »5 Steps Businesses Should Take Before Customer Due Dates
Debt collection is a process that businesses use to collect money that is owed to them. There are many different debt collection practices, but some of them are more effective than others. Tell that to any average small business owner with approximately $84,000 in unpaid debts, and watch them nod… Read More »Debt Collection Practices That Never Work
Many businesses struggle with revenue cycle management, or RCM, spending hundreds of billions each year to get things right. This can happen for a variety of reasons. One common issue is not having a good understanding of their costs. Without knowing production numbers and overhead, businesses can’t accurately price their… Read More »Pros and Cons of Revenue Cycle Management Outsourcing
If you’re like most business owners, then you probably dread the thought of debt collection letters. It’s not an easy process, but it’s a necessary one if you want to get paid for the services or products you’ve provided. Over the last couple of years, cash flow has been a… Read More »Debt Collection Letters: What to Say for the Best Results
Are you wondering how to collect debts from a customer that has filed for bankruptcy? SWR can help.