Is it time to outsource your accounts receivable?

Many small business owners spend more time sending payment reminders than doing the work they actually get paid for. So how do you make sure you get paid on time and keep your business running as smoothly as it can? Enter accounts receivable outsourcing.  

What’s it really costing you to do it all alone?

Handling invoices in-house looks easy enough at first. But follow-ups are time consuming and can eat away at your schedule over time. And what if you still missed sending a payment reminder? In that case, your payments can get delayed by days, if not weeks or months. And if your in-house team is not trained to manage accounts receivable, every small mistake can turn into bad debt.

How do you know it’s time to outsource?

Are your accounts older than 45 days? Or do you dread calling your customers about their overdue balances? In both cases, you should consider outsourcing. 

When you hand over your accounts receivable to a professional bad debt prevention and recovery service like Ca$h in USA, every invoice will get the attention it needs. They will track payments and send follow-ups to keep things moving without you having to think about it every other day.

How does the process actually work?

When you outsource your accounts receivable, you share your customer and invoice information, and trained professionals handle the rest. They send reminders and track payments until they arrive. 

You get updates all along, of course. And the process is usually month-to-month, so there are no long-term contracts to worry about.

It is just a more efficient way to collect the money you have already earned.

What do you really get out of outsourcing?

So what happens when you hand off your accounts receivable? Well, you get paid on time and your customers still like you. 

Outsourcing can also prevent write-offs before they become losses. And if some accounts do fall too far behind, a professional bad debt prevention and recovery service like Ca$h in USA can move those balances into business debt collection.

Ready to make late payments a thing of the past?

Late payments should not be the thing holding your business back. Accounts receivable outsourcing is one of the best ways to get paid on time while staying focused on your business. And when it is needed, business debt collection services can help you recover what’s yours without burning bridges. Contact Ca$h in USA today to learn more.