Wholesale and distribution companies are the vital link between manufacturers and customers, and their role in US economy is undoubtedly very crucial. However, distribution companies regularly have accounts receivable that are generally B2B in nature. The probability of collecting money from unpaid invoices decreases as time passes by.
Outsourcing collections to a professional debt collector raises the probability of getting paid by many folds. Your defaulters know that a collection agency will not go away quickly and will employ every tactic and legal means available to recover the debt. More importantly, collection laws vary by each state; therefore a collection agency for distributors with a nationwide presence will be able to handle debts in all 50 states in a legally compliant manner.
Your accounting or internal staff hates chasing people for accounts receivables. Collections is neither their core strength nor they were hired to do this job. On the other hand, a business debt collector performs recovery all year long, and you cannot match their efficiency and effectiveness through the in-house employees.
A collection agency will quote a custom fee based on the age and outstanding amount. Need a good collection agency? Contact us