Accounts Receivable Management/Outsourcing
Accounts Receivable Management from Tucker Albin Maximizes Your Most Important Asset
Accounts receivable can account for more than a third of many companies' assets. Yet, this asset is frequently under-serviced; and, as a result, many companies choke on insufficient cash flow and unrealized profit.
Given economic challenges, tighter budgets, fiercer competition, scant resources, and downsized staffs which must necessarily multi-task, outsourcing A/R Management to proven, cost-efficient professionals can relieve your overburdened accounting staff and improve return-on-investment.In fact, Tucker Albin A/R management services lead to quantifiable, measurable results in your company's financial statements and earnings.
An emphasis on ROI allows Tucker Albin to deliver results that exceed expectations.
Though most companies may recognize accounts receivable as an asset, they still treat A/R management as a chore to get out of the way. They apply as few resources as possible to the task, and they end it as quickly as possible. This approach yields inconsistent procedures that may or may not be practiced in a timely manner, and let's some accounts go delinquent while others fall through the cracks altogether.
Tucker Albin's A/R management practices enable us to utilize consistent and well-organized procedures that are readily measurable so we always know – and can always let you know – exactly how much our A/R management services are benefiting you. In addition, with consistent testing and measurement, we can continually improve our own A/R management performance.
Immediate Benefits From Tucker Albin A/R Management Services
Quantifiable assets that directly improve your company's bottom line:
- Maximized return-on-investment from your accounts receivable asset
- Improved cash flow
- Prompter payments
- Increased recoveries
- Lower overhead
- Lower Days Sales Outstanding (DSO)
- Reduced collection costs
Plus additional, immeasurable benefits:
- Fewer resources required, so you can right-size your staff
- Freedom for your staff to focus on your company's core competencies
- Automated procedures for increased productivity
- Expert insight on every aspect of A/R process
- Revitalized customer relationships
- Enhanced overall health of your company
You'll find all these benefits without any additional staff or internal resources needed. If anything, these benefits free your resources for core, profit-producing competencies.
But this level of performance requires the highest echelon of A/R management specialists. Tucker Albin has the extensive experience, background and expertise to enable your A/R asset to flourish. And as though those benefits weren't enough, Tucker Albin brings additional value to our A/R management services that you'll be hard-pressed to find elsewhere.
- Seamlessly handle both accounts in good standing and delinquent accounts. Tucker Albin handles both A/R management and debt collection with the same level of professionalism and courtesy. Your good customers would never know you're using one of the best debt collection agencies available, while your delinquent customers will be left with a positive impression of your company, even as Tucker Albin successfully recovers your funds.
- Investigate, identify, reduce and/or eliminate deficiencies. With an extensive background in financial services and A/R management, Tucker Albin transforms deficiency into efficiency. This value-added quality lasts beyond the term of service: by reducing and eliminating inefficiencies in your A/R workflow, your company can permanently improve accounts receivable performance.
- Complete, end-to-end adaptability. Tucker Albin customizes both approach and specific services for your needs. For example, Tucker Albin can handle either comprehensive A/R functions, or just certain functions. They can also work with your company short-term or long-term. Further, Tucker Albin is adept at aligning itself with your company's culture, values, needs and procedures so that they effectively render themselves invisible, without any flavor of outsourcing.
- Best-in-Class Diplomatic Arbitration. Tucker Albin specializes in diplomatic arbitration, which enables prompt recovery while maintaining an amicable working relationship with your customer. Since this is a preventative measure than all-out collection effort, the effort is woven seamlessly into standard A/R management procedures, with no extra cost or effort from you.
End-to-End A/R Management Services
- Invoicing
- Payment Processing
- Payment Application / Reconciliation
- Dispute Resolution
- Delinquency Management
- Early Stage Collections (Pre-Collection)
- Late Stage Collections
- Workflow Management
- Analysis and Reporting