What Is Professional Account Collection Agency Business?
For enterprises, the most difficult problem is the occurrence of arrears of accounts receivable. It not only causes the liquidity of enterprises to be seriously overloaded, but may also produce the consequences that managers are least willing to see. Generally speaking, after the company is in arrears, the first action taken is the business department's own push. If there is no substantial effect after a period of recovery, enterprises often face a dilemma after repeated delays under various excuses of the debtor. On the one hand, owing to the repeated arrears of the debtor, it has been shown that his credit standing is not good enough. Either the business is difficult or the company is deliberately arrears. On the other hand, if resorting to the law, it may be difficult for the enterprise to embark on this road because of the high cost, the complicated procedures, and the difficulty in execution of the judgment results. In the middle of these two ways of arrears, is there any other way to help enterprises recover debts? The answer is yes. This article will introduce the current international professional account collection agency business.
What is professional account collection agency business?
It is the right of creditors to collect their overdue accounts and pfer them to the professional collection agencies, and their agents finish the work of recovering the debtors.
As a matter of fact, most of the overdue accounts in the world are being collected by these professional accounts institutions, with a ratio of over 60%.
Why do we commission professional institutions to chase accounts?
Generally speaking, entrusting professional accounting agencies has the following advantages:
1., increase the strength of checking accounts.
Professional accounting institutions mostly use their own professional cashiers or agencies to collect the debtors locally, which is much higher than the strength of their own recovery, whether in the form of collection, the actual effect of collection, or the psychological pressure on debtors.
2., professionalization of cases.
Professional institutions generally have considerable experience and knowledge. For every category of arrears, a set of measures, including the analysis and evaluation of cases, the investigation and tracing of debtors, the direct contact with the debtor, the consultation, the pressure exerted, the lawyer's participation in the cooperation, and the agent legal proceedings are formulated.
3. cost and cost savings.
After the arrears of accounts have occurred, enterprises have already caused considerable losses. Especially when they are not very sure about the possibility of the recovery of accounts, they are unwilling to pay too much for the cost of recovery, resulting in greater losses.
Generally speaking, international professional chase accounts generally adopt the policy of "no recovery of accounts and no commission", which is a way to reduce losses for customers, without risking additional losses.
Of course, international accounting agencies generally consider their own operational risks.
A portion of the service charge should be collected in advance for a certain amount of time, as part of the cost of the case.
In addition, customers do not have to bear any other costs in non litigation proceedings.
4.節省追討時間。企業自行追討時,由于不熟悉債務人當地的法律和相關慣例,費事費力卻效果甚微,而國內專業機構一般委托債務人當地追帳公司代理操作,熟悉當地法律法規,與債務人沒有語言文化的障礙,便于溝通和協商,能夠較快收回欠款。
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