Nationwide Debt Recovery Services Designed For Commercial Restoration Contractors
In the commercial restoration industry, punctual payments could spell the success or failure of your company. While commercial restoration contractors, subcontractors, and suppliers aren’t traditional first responders, business owners across the nation rely on their services to clean up, preserve, and restore their property after a natural disaster or accident that left behind water, sewage, or fire damage.
With any luck at all, the business that contracted your services will have a full coverage insurance policy or financial support from FEMA to cover the cost of materials, alleviating some of the business owners’ financial burden. Unfortunately, if the business owner doesn’t have these resources available, you’ll probably start to notice that unpaid invoices begin to pile up and the project deadline may need to be extended. This causes operational issues for the business owner dealing with storm damage. Meanwhile, you could struggle to keep up with payroll, pay off your tools, and manage maintenance costs.
At Southwest Recovery Services, we have handled collections for many commercial restoration companies. We continue to provide our clients with timely and efficient debt recovery services. We offer an array of financial and debt collection services to local storm restoration companies. This includes customer contact, accounts receivable and invoice management, and debt recovery consulting services.
Focus on what you excel at and let us take care of the rest. Keep reading to learn more about the debt recovery services we offer to commercial service companies across the United States or give us a call to discuss custom solutions.
Collection Challenges for Commercial Restoration Companies
In-house debt collection—specifically for unpaid invoices—can be a major problem for commercial restoration companies. After 90 days, these debts become increasingly more difficult to collect. And, more often than not, internal accounting teams don’t have the experience and tools necessary to deal with delinquent accounts receivable management.
Your team needs special training and education to understand debt collection best practices. This can be difficult to provide to an existing team as it takes time that most commercial restoration industry companies simply don’t have. While many companies might think it’s more cost-effective to hire new employees, this isn’t typically the case. Onboarding, creating new infrastructure, attorney cost, credit bureaus, and research tools are all required as a part of the hiring process. This can end up costing a commercial restoration company more than the debt they need to collect.
Hiring a well-respected, experienced commercial restoration collection agency can cut down on cost, time, and overall stress that can arise from trying to collect unpaid invoices from multiple customers.
Benefits of Working with a Professional Commercial Restoration Collection Agency
As a professional collection agency Southwest Recovery Services provides numerous benefits, including:
- Customer location and contact
- Legal servicing and civil judgment recovery
- Consulting services
- Accounts receivable management
Our debt recovery agents are well-trained and educated specialists who are uniquely qualified to recover debts in a timely manner. They pursue every available strategy to collect unpaid debts as quickly as possible.
In addition to their persuasive skills, they also have a wide range of debt collection tools at their disposal, such as:
- Research software
- Contact systems
- Credit reporting and monitoring capabilities
- Attorney relationships
Your customers are more likely to pay off their debt with you after being referred to a collection agency. This is simply due to the standards adhered to by professional agents. Furthermore, many restoration companies prefer this route because our agents specialize in empathy. This helps us recover what is yours without risking your company’s professional reputation.
Our experienced debt recovery agency is up to date with all regulations. These include those put in place by the American Collectors Association Rules & Regulations, Fair Debt Collection Practices Act (FDCPA), and the Fair Credit Reporting Act (FCRA).
Southwest Recovery Services is the Solution
While many debt recovery agencies offer services, Southwest Recovery Services is unique among them. We are a national contingency collection agency which means that we don’t buy debt upfront at rock bottom prices or charge high fees. Instead, we work on collecting the debt at no up-front cost, and we charge our fee when the debt is paid.
We treat your customers with respect throughout our entire collections process. Our firm but friendly approach ensures that your customers will be left with a positive impression of your company after the debt is paid. This helps you win repeat and referral business. These combined features mean we work with you and your customers to arrive at a debt resolution that is positive for everyone.
Learn More About Southwest Recovery Services
Southwest Recovery Services is here to help you regain your productivity and recover debts faster. To learn more about our debt recovery services, give Southwest Recovery Services a call.
