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35 POSTS_FOUND
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Changing Buyer Habits Author : IRS CollectionsPublished on : July 28, 2022
Mortgage rates steadily rising, inflation and shortages spreading throughout supply chains, gas and oil prices constantly surging, lockdowns and general uncertainty are changing buyer habits. In many ways our current economic situation is in chaos. In times of chaos there are opportunities to increase market share and create new revenue streams. It is the companies who diversify their operations and strategies to meet and exceed new buyer habits that will prosper and grow.
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Published on : June 28, 2022
When accounts receivables have a major influence on your cash flow it pays to tune up, oranalyze your entire AR system at least once a year. From sales and billing, to collections and write offs, analyzing your entire accounts receivable system should be approached with an objective mind. A yearly audit is an opportunity to identify deficiencies, bottle necks and obsolete technology that is a hidden cost on your accounts receivables.Read More -
Published on : May 27, 2022
In Canada the inflation rate is at its highest level in over 30 years and there doesn?t seem to be any end in sight. As inflation ripples through different supply chains many commodities have seen phenomenal price increases and supply issues. Personal disposable income is being decimated at the fuel pumps and price increases from all different directions. This inflationary spiral and shortages creates uncertainty, which in turn is bad for credit and receivables.Read More -
Published on : April 13, 2022
With every day that passes inflation is eating away at the value, or purchasing power of your receivables. The receivables you collect today, or in the future, are worth less than when your customer originally financed their purchase. Money paid on an account today has less purchasing power because of inflation.Read More -
Published on : March 19, 2022
Often potential clients who are shopping for a collection agency ask what the odds are of collecting a delinquent receivable, or debt. The reality is there are numerous elements that determine your odds of collecting a bad debt. Every industry, company and debtor have unique economic circumstances. This is why some Clients have a recovery rate in the 90%+ range and Clients where it is in the 30% range. There are three main factors that determine the odds of a third-party collection agency collecting your receivable, or delinquent debt.Read More