Home You Pick Your Own Collection Rate More For Your Money Placing A Collection Services Account Being A Good Fit About Debt Management Sarbanes-Oxley Act Online Collection Services Placement Contact Us Links What Should You Know About Debt Management. Everything you possibly can. Documentation & Information Do you have the following, and if so, when was the last time they were revised. Contractual agreement. Personal guarantee. Credit application. Pre-credit prior to the sale. When’s the last time these items were revised? Who has the authority to sign your contractual agreements? An employee, an officer of the Company? Is your client in a community property state? Are you a publicly traded company? Are you compliant with the Sarbanes-Oxley Act? Most importantly - using the information above, you'll be able to determine if this is going to be a profitable client for you. We can help in all these areas free of charge. Internal Collection Procedures Guideline Assuming your clients are on net 30 terms, here is a very simple approach to managing your accounts receivable. 30 days, your client receives an invoice. 60 days, you send another invoice, and maybe follow up with a phone call. 90 days, you send your 3rd invoice, place another phone call, and maybe follow up with a letter. Call Manning Price and Stern to find out if this client is currently in collections. It’s free… 110 days send an invoice, make another call, and send a 10 day demand letter. 120 – if payment has not been received – send to collections. You may be sitting there reading this, asking why do I need this information? And our answer is, why wouldn’t you? Having a higher education or more knowledge of how to better manage your Accounts Receivable will help your company’s bottom line, and enhance your position within your company’s infrastructure. This is the plan that all of our clients use – whether they are Fortune 1000 companies or just a small Mom-and-Pop. With proper volume, MPS can reduce your current debt by 50% within 12 months. Questions? Please call 800-575-9701, for your free cosultation. Username: Password: ADDRESS 7000 W Palmetto Park Rd Suite 502 Boca Raton, FL 33433 Telephone: 561-638-6800 Toll Free: 800-575-9701 Facsimile: 800-575-9706 Home    You Pick Your Own Collection Rate    More For Your Money    Placing A Collection Services Account    Being A Good Fit    About Debt Management    Sarbanes-Oxley Act    Online Collection Services Placement    Contact Us    Links    Sitemap     Copyright 2010 Manning, Price & Stern web design by blurmedia.com