5 motivations for calling a collection agency

Do you spend too much timechasing debtors, checking yourcash flowanddefending your reputation? Do you have too little time left to devote to your core business? Are you inhibited by theexportation risks? These are motivations forcalling a debt collection agency.

1. Unpaid invoicespile up

Areunpaid billspiling up, eating up your profit and degrading your sleep? You can useadministrative help and external solutionsto recover these pending accounts.

Outsourcingthis type of administration to aprofessional debt collection partnerwho knows how to effectively get rid of the mountain of paper with knowledge of the approach is a relief.

2. The follow-up ofdefaulted debtorstakes (too) much time

Not only is the growing mountain of paper difficult to keep up with, butchasing delinquent debtorsis also time consuming. This time, you would like to invest inyour core activities.

Moreover, to addressdebtorsand remind them to make their payments is a business. And you may prefer not to harm thecustomer relationshipand avoid difficult discussions. However, you do not want to wait forever for payment on the work you performed or goods you delivered.An intermediary or mediatortherefore appears to be an ideal solution to protect the customer relationship andcollect your invoices.

And you can even draw inspiration from theiramicablecollection processto improve your internal procedures. Indeed, the follow-up of unpaid invoices is not so easy: when can you demandcompensation and interest? Are yourgeneral sales conditionsadequate? How to best treat a debtor? Which formulations are successful? How quickly should you call your debtor? These are just a few of the issues where their experience could benefit you.

3. Yourcash flowcould be healthier

You can’t invest money that just doesn’t come in.Your cash flow(your “treasure” as in treasury) is the first tool of your development. So, it’s natural for you to worry if it suffers from defaults. An invoice that is owed to you but not paid to you is in fact an expense. And an unproductive, unnecessary one!

How about a solution that involvesno investment risk? You can in fact avoid adding a layer of expenses on top of the unpaid, possibly without return. A collection partner who worksno-cure-no-chargeand quickly collects your debts seems ideal.

4. You don’t want to risk yourreputation

If you do notchase payment for your invoicesin a professional manner, you favour the delinquency of your customers. And indeed, customers talk to each other and yourreputation for “generosity”grows. You will see an increase in your unpaid bills. That’s why even the smallest bills cannot be overlooked.

However, you don’t want to spend money to go to court either. Moreover, you prefer anamicable solution, respecting the debtor while confirming your legitimacy. Acollection agencywith its trained professionals, includingvisitors, would be ideal.

5. Export opportunitiesare within your reach

You may have already lost a lot ofexport opportunitiesfor fear of unpaid bills. It is difficult enough to manage Belgian debtors; you don’t want to complicate the situation with international debtors.

A debt collection partner, affiliated with a renownedinternational debt collection network, could boost the confidence needed to do business across national borders. Indeed, local collection offices know the legal and cultural customs and are equipped to collect your unpaid invoices far from home.

Do you think a collection agency could be a solution for you? Do not hesitate tocontact us!TCM Belgiumhas 25 years of experience in invoice collection, and thanks to theTCM Groupcollection network, we can offer solutions in more than100 countries.

Do you spend too much timechasing debtors, checking yourcash flowanddefending your reputation? Do you have too little time left to devote to your core business? Are you inhibited by theexportation risks? These are motivations forcalling a debt collection agency.

1. Unpaid invoicespile up

Areunpaid billspiling up, eating up your profit and degrading your sleep? You can useadministrative help and external solutionsto recover these pending accounts.

Outsourcingthis type of administration to aprofessional debt collection partnerwho knows how to effectively get rid of the mountain of paper with knowledge of the approach is a relief.

2. The follow-up ofdefaulted debtorstakes (too) much time

Not only is the growing mountain of paper difficult to keep up with, butchasing delinquent debtorsis also time consuming. This time, you would like to invest inyour core activities.

Moreover, to addressdebtorsand remind them to make their payments is a business. And you may prefer not to harm thecustomer relationshipand avoid difficult discussions. However, you do not want to wait forever for payment on the work you performed or goods you delivered.An intermediary or mediatortherefore appears to be an ideal solution to protect the customer relationship andcollect your invoices.

And you can even draw inspiration from theiramicablecollection processto improve your internal procedures. Indeed, the follow-up of unpaid invoices is not so easy: when can you demandcompensation and interest? Are yourgeneral sales conditionsadequate? How to best treat a debtor? Which formulations are successful? How quickly should you call your debtor? These are just a few of the issues where their experience could benefit you.

3. Yourcash flowcould be healthier

You can’t invest money that just doesn’t come in.Your cash flow(your “treasure” as in treasury) is the first tool of your development. So, it’s natural for you to worry if it suffers from defaults. An invoice that is owed to you but not paid to you is in fact an expense. And an unproductive, unnecessary one!

How about a solution that involvesno investment risk? You can in fact avoid adding a layer of expenses on top of the unpaid, possibly without return. A collection partner who worksno-cure-no-chargeand quickly collects your debts seems ideal.

4. You don’t want to risk yourreputation

If you do notchase payment for your invoicesin a professional manner, you favour the delinquency of your customers. And indeed, customers talk to each other and yourreputation for “generosity”grows. You will see an increase in your unpaid bills. That’s why even the smallest bills cannot be overlooked.

However, you don’t want to spend money to go to court either. Moreover, you prefer anamicable solution, respecting the debtor while confirming your legitimacy. Acollection agencywith its trained professionals, includingvisitors, would be ideal.

5. Export opportunitiesare within your reach

You may have already lost a lot ofexport opportunitiesfor fear of unpaid bills. It is difficult enough to manage Belgian debtors; you don’t want to complicate the situation with international debtors.

A debt collection partner, affiliated with a renownedinternational debt collection network, could boost the confidence needed to do business across national borders. Indeed, local collection offices know the legal and cultural customs and are equipped to collect your unpaid invoices far from home.

Do you think a collection agency could be a solution for you? Do not hesitate tocontact us!TCM Belgiumhas 25 years of experience in invoice collection, and thanks to theTCM Groupcollection network, we can offer solutions in more than100 countries.