Collection System Development

What is Accounts Receivable Management?

For most small businesses, accounts receivable management is the simple but time consuming process of keeping track of your customers’ ability and willingness to pay.

Dealing with collection issues early allows you greater opportunity to resolve problems and get paid faster.

At CA$H IN we can either do it for you (click on collect past due receivables) or we can help you get it done yourself, efficiently and cost effectively.

Maintaining and collecting accounts receivable can be a substantial undertaking. Months or even years of inadequate maintenance and collection can create a significant administrative backlog and, more importantly, a significant backlog of uncollected income.

CA$H IN offers implementation of our proven collection system by tailoring it to your specific company needs, training your receivables personnel and getting your system up and running on its own.

HERES HOW IT WORKS

Evaluation
Building upon your company’s goals, requirements and stated problems, we will undertake, with you, a thorough evaluation of the state of your receivables. Our objective is to understand the situation and to arrive at realistic and agreed-upon solutions.

Initiation
The initiation phase begins implementation of the program created during the evaluation. This phase is designed to take about 30 days and includes 25 hours of the CA$H IN consultant’s time on-site. Initiation typically consists of the following steps, tailored to the specific situation:

1. Immediately increase production - Our collectors will make calls for you, from our office, on specfic agreed upon accounts during this phase.
2. Set up the system - Install and modify software, set up or reorganize files, establish the process, develop forms, design reports.
3. Train AR personnel - Software use, process, administration, forms and reports
4. Review and adjust

Transition
During this 2nd 30 day phase all of the accounts Cash In has been working will be transitioned to your in-house personnel and syncronized with your new system. The consultant will review and evaluate the new processes at 15 day intervals and as your staff works with them. Additional collection training, adjustments and customizations may be recommended during this phase. While offsite your consultant will be available for questions regarding use of the system or collection issues.

Independent Operation
Within 60 days, the AR department should be functioning on its own with newly defined operating ideals, newly defined requirements, with improved organization and improved results.

To speak with a CA$H IN consultant call 800-201-CA$H (2274)

Customer Testimonials

"Vienna at Cash In has been extremely helpful in collecting our firm's aging Accounts Receivable. Our employees are focused on their daily jobs... not on calling our past-due accounts. So, that process just wasn't happening, no one was calling. Our AR was aging, and cash flow was getting tight. Outsourcing this process to Vienna and her staff has made a huge difference. Our cash flow has improved since she has been able to convert the AR into cash. She is very professional with our clients, and even though she has a difficult task, trying to keep our clients happy while asking them to pay their past due balances, her years of experience are evident. We've not had a single complaint. She has made hundreds of calls for us, and helps us work through real issues with our clients. Her advice is sound. I'd recommend outsourcing the AR follow-up and collection process to Cash In to any firm that does not have a full time employee dedicated to doing this process. It has worked out to be a cost-effective solution for us."

Jeff Lenning - President / Click Consulting, Seal Beach, CA / April 28th, 2008

"I have been in the real estate appraisal business over 12 years in California and unfortunately some of our accounts do not get paid as promised. I used your company for the first time last month and had great success. Sharon in your office was extremely professional and successful in collecting on my past due accounts. I am extremely happy to have an outlet for my collections so I can go about the business of appraisal without worrying if will be paid. I can now have peace of mind that in the unfortunate event an account goes unpaid; I have your company as a valuable resource to assist in collections. Your team is first rate."

- Kristina L. Burke - Owner | Appraisal Solution Inc. of Long Beach, CA