How is a business owner sinking under ever-expanding receivables supposed to respond to our country’s current situation? The recession shaved 11% off American’s median income before it officially ended in 2010, and according to the Federal Reserve the first three years of “recovery” shaved off another 5%. While the wealthiest 3% saw their share of…
HVACR Business Magazine recommends that you always know the ratio between your accounts receivable and your accounts payable to make sure you can see a cash flow problem coming. That’s an excellent plan, and in order to know what to do if – or, realistically, when – you see that problem on its way let’s…
Dental Office Managers know how important it is to keep receivables as low as possible, but sometimes actually collecting outstanding debts can seem counterproductive from a business development point of view. What’s the solution? Setting appointments, answering phones, ordering supplies, and problem solving any negative trends (such as declining cash flow) are all full time…
Here it is June and many young men and women will stroll across stages at colleges all across the country to receive their hard-earned diplomas while Mom and Dad wipe back tears of joy, and relief. Their sons and daughters will be moving into the job market, getting married, buying homes and raising families. At…
Here it is June and many young men and women will stroll across stages at colleges all across the country to receive their hard-earned diplomas while Mom and Dad wipe back tears of joy, and relief. Their sons and daughters will be moving into the job market, getting married, buying homes and raising families. At…
So you’re stuck in a Catch-22: To obtain new contracts you need the latest technologies. To get the latest technologies you need to make capital investments. But to make capital investments you need new contracts… What do you do? The best news first: the economy actually is recovering and there really are new contracts to…
PETALUMA, Calif. – Optio Solutions, LLC, an accounts receivable management company, has become an associate member of the Roofing Contractors Association of Texas (RCAT). Optio Solutions will offer RCAT members flat-fee pre-collection services and contingency collection programs to help them recover overdue payments. Optio Solutions provides a variety of debt management services including written demands and collection calls. “Based on…
Those who make it in the business world like to say it’s because of who they knew, and to “network, network, network.” Sometimes, that “who” you know can help your business in ways you never thought you might need. In this case study, a single connection shows us an example of the power of what…
Slick lawyers and authority-charged judges often get the glory and attention in a courtroom. In fact, there’s one person in every courtroom whose job is to actually blend so well into the surroundings that it’s not even apparent the person is there. While technology has taken over many aspects of the legal world, the people…
Why should you care if your accounts receivable management company attains agency certification? Consider it similar to the people you hire to staff your accounts receivable and administrative positions. You probably check their education, experience, and achievements before stamping your approval. Don’t choose a profit recovery company before checking to see if it’s been vetted…