{"id":417,"date":"2019-04-03T03:53:40","date_gmt":"2019-04-03T03:53:40","guid":{"rendered":"https:\/\/commercialrecoveryinc.com\/WorkingOn\/?page_id=417"},"modified":"2021-06-09T14:52:54","modified_gmt":"2021-06-09T21:52:54","slug":"why-our-services-are-more-effective","status":"publish","type":"page","link":"https:\/\/commercialrecoveryinc.com\/?page_id=417","title":{"rendered":"Why Our Services are More Effective"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">What Do All Businesses Have In Common?<\/h2>\n\n\n\n<ul class=\"wp-block-list\"><li><span class=\"has-inline-color has-black-color\">They      extend credit or accept checks.<\/span><\/li><li><span class=\"has-inline-color has-black-color\">A      portion of their accounts become delinquent and some checks bounce.<\/span><\/li><li><span class=\"has-inline-color has-black-color\">They      have, for the most part, an effective, sophisticated in-house collection      procedure to attempt to recover these receivables. <\/span><\/li><li><span class=\"has-inline-color has-black-color\">In      spite of these efforts, a percentage of the past due receivables are not      collected within 90 days.\u00a0 (See Collection      Trends.)<\/span><\/li><li><span class=\"has-inline-color has-black-color\">As a      last resort they eventually increase in-house pressure, at an exorbitant      cost, or assign these accounts to professional collection firms.<\/span><\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Why use Commercial Recovery?<\/h2>\n\n\n\n<p><span class=\"has-inline-color has-black-color\">We have a process, and the systems and people to drive it, that attack the root causes of the devaluation of receivables. Research shows there are two main factors that inhibit the conversion of receivables into cash:<\/span><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><span class=\"has-inline-color has-black-color\">The      single most important factor is age. Accounts deteriorate in      collectability at an average rate of 10% per month, bad checks at a rate      of 25% per month. <\/span><\/li><li><span class=\"has-inline-color has-black-color\">The      second factor is the priority debtors place upon the payment of the bill.      The lower the priority the lower the commitment to pay. <\/span><\/li><\/ul>\n\n\n\n<p><span class=\"has-inline-color has-black-color\">So recovery is a psychological process wherein the age of the account is inversely proportional to the commitment to pay it &#8212; the greater the age, the lower the commitment, and the less likely anyone will collect it. Creditors cannot just hope that their debtors are going to pay. What works is timely and proactive follow-up with sophisticated techniques, which motivate debtors to resolve their outstanding accounts quickly.\u00a0 We bring all this to bear in our services.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">What Can Commercial Recovery Do For Businesses?<\/h2>\n\n\n\n<ul class=\"wp-block-list\"><li><span class=\"has-inline-color has-black-color\">First,      with proper usage and application of our services, we can save a business      20% to 50% of the in-house billing and collection cost.<\/span><\/li><li><span class=\"has-inline-color has-black-color\">Second,      we recover <strong>more<\/strong> of their delinquent receivables than they      can obtain by any other means, either continued in-house effort or the use      of a professional collection firm.<\/span><\/li><li><span class=\"has-inline-color has-black-color\">Third,      we collect their money faster, which dramatically accelerates their cash      flow.<\/span><\/li><li><span class=\"has-inline-color has-black-color\">Finally,      we do this by only charging a low percentage on actual cash collected on      the claim.\u00a0 That means: No      Collection = No Cost.\u00a0 <\/span><\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Why Are Our Results So Vastly Superior?<\/h2>\n\n\n\n<p><span class=\"has-inline-color has-black-color\">It is important to understand why we can collect money that continued in-house effort would NOT recover.\u00a0 In the collection industry, it is called \u201cThird Party Intervention\u201d and consists of three distinct elements:<\/span><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><span class=\"has-inline-color has-black-color\">Intensified      Demand.\u00a0 Debtors believe, rightly      so, that we have resources beyond those available to other businesses and      the time to follow the account properly.<\/span><\/li><li><span class=\"has-inline-color has-black-color\">Implied      Effect on Credit Standing.\u00a0 Third      party involvement implies a credit rating may suffer and that legal action      may be instituted. <\/span><\/li><li><span class=\"has-inline-color has-black-color\">Negative      Image of Other Agencies.\u00a0 Some      collection agencies are perceived as relentless and utterly serious about      collecting money.\u00a0 Our services are      thorough and serious but in a very professional manner.\u00a0\u00a0 We realize that if you treat the      debtors respectfully they are much more likely to pay than not pay.<\/span>\u00a0 <\/li><\/ul>\n\n\n\n<p><span class=\"has-inline-color has-black-color\">All our services are totally automated and the computerization of the process allows our staff to concentrate on each and every account.\u00a0 No matter the balance or volume we handle every account as if it is the only one we have.\u00a0 This personal thoroughness means more accounts are turned into cash in a quicker time frame and disputes are quickly resolved, clearing the way for cash recovery.\u00a0\u00a0 More and quicker cash recoveries mean better cash flow and profits for your business.<\/span><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>What Do All Businesses Have In Common? They extend credit or accept checks. A portion of their accounts become delinquent and some checks bounce. They have, for the most part, an effective, sophisticated in-house collection procedure to attempt to recover these receivables. In spite of these efforts, a percentage of the past due receivables are [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-417","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/commercialrecoveryinc.com\/index.php?rest_route=\/wp\/v2\/pages\/417","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/commercialrecoveryinc.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/commercialrecoveryinc.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/commercialrecoveryinc.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/commercialrecoveryinc.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=417"}],"version-history":[{"count":2,"href":"https:\/\/commercialrecoveryinc.com\/index.php?rest_route=\/wp\/v2\/pages\/417\/revisions"}],"predecessor-version":[{"id":557,"href":"https:\/\/commercialrecoveryinc.com\/index.php?rest_route=\/wp\/v2\/pages\/417\/revisions\/557"}],"wp:attachment":[{"href":"https:\/\/commercialrecoveryinc.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=417"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}