Sometimes there's just not an app for that!


Making sure your business recovers every possible dollar it’s earned is one of those issues.  When thousands of dollars in accounts receivables go cold, whether from one or multiple clients, you are going to need a real live, good old fashioned human being.  Not only that but someone with deep real world experience in what it takes to turn nothing back into something.  Someone with tenacity, professionalism and all the tools it will take to make the impossible happen. 


The people or businesses who are trying to get out of paying hundreds, thousands, or tens of thousands of dollars for your hard work, are not swayed in the least by a friendly little reminder notice sent from your i-phone. 


You need a specialist.  A full service "do what it takes" ally who takes getting you paid seriously.

Cambridge Receivable Solutions, LLC is not what you typically think of when you think about a "collection agency".   We revolutionized this process for businesses like yours, the ones who need it most.  How is that you ask? 

1. We are not a call center.  Instead we are a small professional services firm of only highly experienced, educated professionals who operate strategically and intelligently on your businesses behalf.  

2.  We do not, never have, and never will work for credit card companies, telecom, payday loans or any other predatory lenders.

3.  We only help the good guys!  That's right, the good guys.  We only take on quality clients with good honest businesses who deserve to get paid for their products and services.  We operate with integrity and expect the same from our clients.

4.  We do not use automatic dialers. The business we handle needs a personal touch, the extra element of professional representation. 

5.  Our letters are on heavy stock paper with our letterhead, not multi-colored generic form letters. 

6.  Our calls and letters are tailored to each individual account specifically, which increases our recovery rates high above the industry standards.



How do you do it? They won't even respond to me, or they are just plain refusing to pay what they owe.


We use facts, evidence, the law, and persistence.  Not to mention we have the luxury of spending more quality time with your accounts than the sweat shop, archaic, collection agencies you might be thinking of. You get to rest easy knowing all possible avenues are being taken, and that if there is a chance for recovery, we'll be there to get it for you.  We take as much time as necessary to get you paid.  

We have so much experience with the psychology of recovering past due funds that we are able to do so most of the time with minimal resistance.  It really is an art form and one that we have mastered. We are professionals performing a crucial business function.  We assist small businesses who don't have the time or expertise to minimize losses effectively. 

We encourage communication, get the owing party talking wherever possible.  We present them the facts and give them a chance to do the right thing on their own which many times is all they are looking for-at least once they realize you have escalated the issue.  Also, the harsh truth is that many people and businesses stiff people all the time.  It's their way of building businesses on the backs of others.  


Some people lack integrity, so they take a "make me" type of approach to paying their bills. Some just don't have the money so until they feel it's urgent, for example getting a letter from a company like ours, they put it on the back burner.  We are proficient in getting you made a priority.  Something you just can't do with these types on your own.

We can't divulge all of our secrets but the best way to sum it up is, if there is any possible chance for you to get paid, we'll get it paid, with no hassle for you.

As a small business owner, freelancer, or professional service provider you need real, quality debt collection solutions.  That's why CRS was created to fill that void and allow you to take advantage of a smart money, cost effective way to offload some of that stress and headache and turn your stalled profit back into money in the bank.

Let us help....

How many services can you think of that only get paid IF you get the desired results? Do you have to pay a doctor if you don't get well soon? Yes.  Do you have to pay for that crappy HP printer even if it breaks after a year?  Sure do.   Do you get a refund on that produce you bought at a premium price after you get home and notice it's rotted?  Doubtful.  You see where I am going with this.  

We are one of the last real refuges of accountability.  If you don't get paid, neither do we! You pay nothing up front.  As long as you understand the following you'll know you are making a smart business decision by having us manage your past due balances...

Something > Nothing

Whether you have accounts just over 60 days past due, or over a year, we can talk about getting them resolved.  Not only that we'll be here to help you with questions on other problem accounts and to help you firm up your processes so that going forward you need us less and less.  So don't get stalled and let past due invoices sit there aging.  The older they are, the less likely you'll ever see your money.  

The sooner you take action the more we can help.  The stronger your in house processes are, the more effective we can be when the inevitable happens.  We can also help to make sure you are taking steps to minimize problems by helping you tweak your procedures, contracts, and follow up process as well.

We are successful more often than going to court and winning a judgment when it comes to recovering past due balances. Yes you read that correctly.  Not to mention you'll save a ton of time, headache, and out of pocket money.  If it has anything to do with a business owing another business money, we know the best ways to handle it and if we don't think we can help you we'll let you know that too and point you in the right direction.   

Remember our contingency collection services are No Collection = No Fee.  So you won't have to spend any more money just to find out IF they'll pay.  You literally have nothing to lose and everything to gain by using this smart money approach.  

Good luck and contact us when you are ready to maximize your cash flow.  We will take the time to answer any questions you have and make sure our business to business relationship will thrive. We won't make you the bad guy, but we won't let you be a sucker either!


Thanks for reading!


Contact the Author:

Jason Lindsey
President & Principal Consultant
Cambridge Receivable Solutions, LLC
New Clients: 636-487-0986
or 

Toll Free: 1-888-908-3905 
jlindsey@c-rsolutions.com

info@c-rsolutions.com

www.c-rsolutions.com 


If you liked this article, help me share it with others who could benefit from it.  Share it on Twitter, click the like on facebook icon below, or....
 
Join my personal network by connecting with me on Linkedin

Follow CRS on twitter:  https://twitter.com/getpaidfaster

Follow CRS on Linkedin:   http://www.linkedin.com/company/cambridge-receivable-solutions-llc


 
 
As the title of this post so obviously states, getting paid is how you stay in business!  It sounds like a simple concept right?  You would be very surprised at how complicated the issue really is.  I assist everyone from Freelancers to VP's of Finance, CFO's, and CEO's on A/R and Debt Collection best practices regularly, and have been in the business of getting the good guys paid for over sixteen years. 

So many experienced, as well as newly Self-Employed, Freelancers, Small Business Owners, and Professional Service Firms, struggle with unpaid invoices from clients; you're absolutely not alone. 

My goal is to continue to address the problems for these groups, as well as educate you on what you can do yourself, to help you minimize your losses.



In order to maximize your cash flow, you must first understand and accept the following;


1.)  You are responsible for seeking out, setting up, and adhering to the best possible in house practices with regards to ensuring payment for your business.  It's your first line of defense against inadvertently giving away time or resources that you provided with expectations of payment.  Whether every dollar is detrimental to your bottom line, or you're making money hand over fist, you should always be pushing to ensure that you don't leave hard earned profits uncollected.


2.)  It is imperative that you perform as agreed and only seek out work for which you are qualified to live up to your end of the bargain on, per whatever terms are understood.  If you can't reasonably do that with each client, and prove that you did, it's irrational to expect payment for such products or services.


3.)  Regardless of how perfect you set up these processes, qualify your clients, and deliver these products or services, slow (and no) payers will be a fact of life for most of you.  The statistics are out there, and I quote them often. I am also privy to first hand data, based on those we work for and against, on a daily basis.  As I said before, you are by no means alone in not getting paid perfectly.


4.)  This is an important one, and the one I believe is the biggest factor in causing losses for the groups I am primarily addressing.  You MUST know your wisest, and most cost effective, options for dealing with these non-payment situations.  If you've accepted, and stuck to, 1-3 (above) then most of this is already in place. 


5.)  The final ammunition to combat potential profit loss is to stick to your well thought out plan.  Take proactive steps to minimize the threat of such loss-in a timely fashion.  Once you understand WHY it makes sense to your bottom line, and you've stuck to and accomplished all of the above, it's easy to proceed with confidence and reap the rewards of maximizing your profits! 




In doing all of these things, and making them a priority at the appropriate times, you WILL minimize your stress levels, you'll stop wasting time that you could spend attracting and nurturing new business, and ensure that you are depositing every last possible cent that you are entitled to-with no adverse effects.

There is a general lack of specialized "in the know" information out there for you to tap into on this subject.  There is also quite a bit of misinformation out there that seems to have many of our new clients unaware of their best options, until we begin working with them.  Don't give up on payment! We recover balances from 31 days past due, to over a year old, for all kinds of clients who otherwise would have written off significant losses unnecessarily. 



Thank you very much for your time, and may your cash -FLOW- in the proper direction in 2013! 

-------------------------------------------------------------
Contact the Author:

Jason Lindsey
President & Principal Consultant
Cambridge Receivable Solutions, LLC
Direct: 636-238-3843
Toll Free: 1-888-908-3905 Ext.101
jlindsey@c-rsolutions.com

www.c-rsolutions.com 




If you liked this article, help me share it with others who could benefit from it.  Share it on Twitter, click the like on facebook icon below, or....
 

Join my personal network by connecting with me on Linkedin;

http://www.linkedin.com/pub/jason-lindsey/44/567/165/

Follow CRS on twitter:  https://twitter.com/getpaidfaster

Follow CRS on Linkedin:   http://www.linkedin.com/company/cambridge-receivable-solutions-llc


 
 

             This article relates to freelancers, small to medium size businesses, and professional service firms. 

Today I want to talk about the main myth with regards to debt collection agency contingency (no fee if no recovery) rates, along with what we are doing to ensure value to our clients.
 

    The myth:  "Collection agencies typically charge 30-50% fee on recoveries"
        

                                                 Who perpetuates this myth, and why?

-Collection Attorneys.  Collection attorneys help in spreading this myth in order to warm you up for their costly fee structure.  Legal action will take up more of your time and resources than the more logical third party collection intervention.  A solid pre-legal, collection attempt will, more often than not, increase your return.  If the effort is unsuccessful, you pay nothing, and legal action is always available as a last ditch effort.  In fact, having attempted an amicable pre-legal solution will strengthen your case if it must go there.  Tapping into decades of experience, we'll be the first to point you in that direction if that's what it will take. 

-The uninformed.  This is to include authors and bloggers who are simply regurgitating dated untruths they got from other unreliable sources, in the name of content, which has watered down the little known reality of debt collections.  The spreading of this misinformation is hurting your bottom line.  The crucial and necessary profit maximization, through specialized A/R management and collections, is a highly misunderstood and underutilized business function for businesses of all sizes and industries.

                                                        The Truth

To say this myth is an incorrect, dated, and an overly broad assumption, would be an understatement.  The fact is your cost will largely be a direct reflection of how you have handled the invoices to date.  If your waiting until your invoices are over a year old, then you may be in the neighborhood of 30%, for good reason.  Already have judgements? Then they will be in the 40% range.  Again, for good reason.  80% of judgements go unpaid and can require extensive expenses to attempt to recover.  The majority of placements that need a collection intervention won't fall in those high fee categories.  A proper collection strategy through a firm like ours will never leave you with less than you would have without us. 

The main factors at play with our rates are in your hands.  Most   agencies base their rates on the amount of time and resources they will   require to be cost effective for BOTH parties, obviously.  The amount  of  time it will take us to turn your coal into diamonds is what decides   your rates. Average age, average  balance, and volume of accounts are  the key factors that will decide  your fee structure.  Help us help you by getting us involved early and  often.

                                                                              Facts
-Having a specialist involved to ensure your cash flow management is structured appropriately throughout the entire cycle is a crucial first step. 

-Knowing when, and why, to allow professional help to proactively address problem invoices as they pop up, will always ensure you have more than you would without their assistance.


-DRUM ROLL~~~~~ Rates for top notch collection assistance are primarily BELOW 30%, in many cases as low as 10%.  If your agency can't show you why their rates make sense to your bottom line, call us, we can!  If we can't, then we'll make some suggestions and point you in the right direction.  If our relationship won't MAKE you money, we don't want to waste either of our time.  Taking on clients for whom we won't be an asset would be completely counter productive for us.


                       How do we specifically ensure value for our clients? 

-We are a highly experienced and specialized partner for the industries we serve.

-Our unique set up was built and customized to ensure you more time and money to invest in the business you're in. 

-A full service, consultative approach, ensures that you capitalize on our knowledge and experience at every stage of the process.

-Our more cost effective rate structure, and low overhead, ensures our clients top quality service and results. 

-While there are some bad collection agencies out there,  Cambridge Receivable Solutions is the answer to changing economic times.  We are providing innovation to the typical archaic recovery model.

   
                                                       Click   >HERE<   for more information
             
Get to know us better by having a quick look at our home, about, and services pages.  Please contact us with questions or for a free, confidential consultation on how we can help you.....at rates that you can be excited about.


Contact the Author:

Jason Lindsey
President & Principal Consultant
Cambridge Receivable Solutions, LLC
Direct: 636-238-3843
Toll Free: 1-888-908-3905 Ext.101
jlindsey@c-rsolutions.com

www.c-rsolutions.com 




If you liked this article, help me share it with others who could benefit from it.  Share it on Twitter, click the like on facebook icon below, or....

 
Join my personal network by connecting with me on Linkedin;
http://www.linkedin.com/pub/jason-lindsey/44/567/165/

Follow CRS on twitter:  https://twitter.com/getpaidfaster

Follow CRS on Linkedin:   http://www.linkedin.com/company/cambridge-receivable-solutions-llc




 
 
Collections
Time is money...why wait?
Maximizing your profits, and access to earned income, should be a top priority all year. Don't forget the obvious; getting paid is how you stay in business. Time is money, and we are here to get you more of both. 

Top reasons to address your past due accounts now, as opposed to year end:
(In no particular order)

1.) Waiting until the fourth quarter, or (cringe) December, sends a message that you don't expect timely payment. 

2.)  Your clients financial standing may deteriorate over time. 

3.)  You have less leverage over the clients the longer you wait, especially if services are completed.

4.)  Clients will forget how well you worked for them, or how important the product or service you provided was. 

5.)  You don't want to have to "make deals" to get the money in before year end.  By doing so they may expect lower rates next time.

6.)  Other creditors likely started earlier and are already in line for payment, get the jump on all available funds as soon as possible.  Don't get moved to the back of the line!

7.)  Statistics show that troublesome invoices become less collectable with every passing month.  See the Collectibility chart below, keep in mind it will vary by industry, economic conditions, etc. but it gives you an idea (visually) how time IS money.

8.)  You should be thanking your clients at year end, not pushing for payment and making compromises.

I could go on for days, but you get the point. Contact us today to capitolize on top-tier assistance and experience, at below average rates.  Our small firm, consultative approach, affords you terrific client service and results.  Let us know if you have any questions in regards to your active receivables, or more severely past due collection accounts.  We look forward to speaking to you about your needs, call anytime or use our quick consultation form for your convenience. 

Thanks for your time!

Contact the Author:

Jason Lindsey
President & Principal Consultant
Cambridge Receivable Solutions, LLC
Direct: 636-238-3843
Toll Free: 1-888-908-3905 Ext.101
jlindsey@c-rsolutions.com

www.c-rsolutions.com 



If you liked this article, help me share it with others who could benefit from it.  Share it on Twitter, click the like on facebook icon below, or....
 
Join my personal network by connecting with me on Linkedin;
http://www.linkedin.com/pub/jason-lindsey/44/567/165/

Follow CRS on twitter:  https://twitter.com/getpaidfaster

Follow CRS on Linkedin: http://www.linkedin.com/company/cambridge-receivable-solutions-llc

 
 
So many people are writing articles on how to get paid, or get paid faster, these days.  Some of them are decent, and they are giving you the very bare basics that everyone should already be doing.  They don't really go deep into detail about why and how to do it, what happens if you don't do the things they discuss, or most importantly what to do when you have taken all the right steps and STILL have non-payers.  I've published the statistics over and over.  Many of the articles I am talking about are nothing more than traffic generators to get business people to their site for "other" products.  You aren't getting detailed advice from an experienced professional.

It's time for straight talk from a specialist in every aspect of these difficult situations. Someone who has actually been in the trenches indetifying and solving real problems, the right way, for almost 2 decades. I've recovered tens of millions of dollars in payoffs for some of the largest lenders on the planet, as well as some of the top Corporations in the fields we specialize in, with no ill effects for my clients.  I also still take the time to educate and assist the little guys, freelancers and small business.  When a feel good article that doesn't get you anywhere just isn't enough anymore, my company is who you turn to.  So for those of you who still have receivable skeletons in your closet, this article is for you. 

Keep in mind that different size/type companies, and different industries, needs will slightly differ.  That's what we're here for, if we can't help we'll point you in the right direction. 

Note: Larger companies, and high ticket items/services will obviously start with a credit and/or reference check. 

Step 1 - Have a solid Terms of Service contract

a.) Edit it specifically for each job if it is outside of what the basic terms cover.  You don't need to be a lawyer, you know what you expect.  Make sure your client understands too.  Discuss exactly what they expect, and what you plan to deliver.  Discuss any potential "what if's" ahead of time. Anything else that goes outside of the norm needs to be addressed in an e-mail or an addendum to the contract, as it pops up, to avoid confusion or misunderstandings (two things that are a non-payers best friend).

b.)  Set your payment terms in the contract. Explain your cost/fee structure, and when it's due.  In the same article explain in plain English that you'll be due the maximum interest rate allowed by law plus collection costs, and legal fees pertaining to any necessary steps that need to be taken to obtain payment.  Don't be afraid that they will see it, in fact point it out!  If they run, you just avoided working for free.  If you want to do more than "play business" you need to attract, service, and be paid by REAL clients with REAL money, and good intentions. 

You may even consider setting your terms with a reasonable margin for error, so that if they make minor mistakes they can fix it in a timely manner without massive penalization.  That way you also know that when a red flag does pop up, it's time to address it seriously.  In other words if you start getting on everyone's case at "one minute" past due, you may seem unreasonable or unattractive to do business with.  However, keep in mind that when you give an inch, they may take a mile.  So find a good middle ground for your industry based on experience and business needs.

c.) Get it signed and dated.  This validates the above and along with you delivering on your promises, documenting all activity, and proper follow up, covers you when non payment issues come up.  You have laid the foundation for maximizing your cash flow and profit. Congratulations!



Step 2- Deliver and Document! 

a.)
Do your part, deliver what YOU promised.  

b.) Keep the communications open, and make them happy.  This is your part of earning timely payment.  Document that you delivered according to terms in any way possible. 



Step 3- Timely and proper invoicing.

a.)  Know ahead of time where you need to send the invoice, and what the monthly cut off date is for payment.  Get the invoice in the right hands, at the right time.

b.)  Your billings should be concise, accurate, and provide the necessary information to enable the client to pay you properly, on time.


Step 4- Follow up 

These can be flexible to your comfort level based on experience, and industry timeframes.

a.) Have a procedure in place to identify and flag anything that goes beyond your net terms.  Have someone qualified follow up immediately.  Point out that it's past due, ask what you can do to expedite payment, & explain how non payment will affect future work planned, act accordingly.  This is your chance to nip further possible problems in the bud. 

b.)  Be persistent.  Casually remind them of the terms, and stick to your guns.  How they react, and what they promise will determine your next step. Feel free to work with them if you are comfortable, but keep in mind that all of this takes valuable time away from you doing business.  Also, document, document, document.  Every conversation should be documented as to what was discussed, every e-mail saved, and copies of statements (date sent) kept on file.

*This is where many companies allow invoices to derail because they don't know what to do, and aren't equipped to handle the issues effectively.  Call us asap!  If you just let them go cold here they are a rapidly depreciating asset.  Don't wonder about it, worry about it, or be too optimistic.  Give it to the pro's and move on.  If you have time and energy to stay with it, keep reading.


Step 5-  ACTION

a.)  Payments still aren't coming in, promises have been broken.  You need to figure out what your staff is capable of handling effectively as far as collections chops and available time.  Every organization is different, but you need professionals or funds will still be stalling out and become a loss for your company.  We can show you why it's cost effective to outsource to a specialist like us at any stage of the game.  We know, however, that if the front lines do their job effectively; it helps us help you.  Rather than wait until year end and turn over a portfolio of ice cold accounts with little chance for recovery, work with us to establish a cost effective action plan to always be strengthening your numbers, and maximizing your time and cash flow cost effectively.

Most companies are operating like this.....

Provide product/service - Invoice/Letter process - Weak/Lack of follow up - Invoice goes cold =
LOSS

It goes that way because there is lack of knowledge about collection outsourcing & it's effectiveness, or an unwillingness to address these losses for unfounded reasons.Thanks to companies like ours you now have a professional and ethical go to partner to help maximize your access to earned income and profits.  Most of the time there won't be any litigation on non-payers (depending on size and industry), and either way a professional collection strategy is a necessary step prior to legal action.

Once you partner with us and allow us to share our expertise, our resources and experience quickly go to work to get back your hard earned profits. 
Now the flow goes more like this........

Discuss arrangemnt/payment - Obtain signed Terms of Service strengthening your position should non-payment occur - Provide product/service - Invoice/Letter process - Strong, persistent, and effective follow up to resolve any minor issues =
RECEIVE PAYMENT AND RETAIN CUSTOMER 

-OR-

Payment continues past due beyond 90 days - Turn over to CRS for collection process - You save time and headache - We go to work for you to maximize your cash flow and recovery percentage before it's too late = MAXIMIZED RECOVERY AND MINIMIZED LOSSES

It never ceases to amaze me how companies are unaware of how much money they are leaving on the table. There aren't many highly experienced professionals with a debt collection and A/R background who are out there writing and educating financial decision makers the way I do.  I have found that by doing so we not only attract great new clients, who we are able to help, but we make our job easier by ensuring that organizations do the right things ahead of time to help us be even more effective when the need arises.  It's truly a win win.

Companies of all sizes are sleepwalking through their collection procedures & don't realize it.  Regardless of whether you are a small business who depends on every dollar (as soon as possible), or if you are a large corporation whose profits are through the roof regardless; there is never room to allow unnecessary losses.  What would you do with the money we pump back into your books?  Whose salary could you pay?  You would have so much more valuable time and money to put back into your business that the benefits of our services REALLY compound over time.

We offer a confidential and concise consultation to determine if, and how, we can help you prior to engagement. The majority of our services are done on a NO RECOVERY = NO FEE basis.  You literally have nothing to lose and both time and money to gain!  We are not your typical collection agency, we are a highly specialized, top-tier firm, who you can trust as part of your organization.

Thank you for your time and best of luck!


Contact the Author:

Jason Lindsey
President & Principal Consultant
Cambridge Receivable Solutions, LLC
Direct: 636-238-3843
Toll Free: 1-888-908-3905 Ext.101
jlindsey@c-rsolutions.com

www.c-rsolutions.com 


If you liked this article, help me share it with others who could benefit from it.  Share it on Twitter, click the like on facebook icon below, or....
 
Join my personal network by connecting with me on Linkedin;
http://www.linkedin.com/pub/jason-lindsey/44/567/165/

Follow CRS on twitter:  https://twitter.com/getpaidfaster

Follow CRS on Linkedin:   http://www.linkedin.com/company/cambridge-receivable-solutions-llc

 
 
In an industry full of misconceptions, we strive to give quality organizations the option to ensure maximum recovery for products and services.  As a highly specialized, professional recovery firm, we offer a myriad of benefits to top notch organizations in the industries in which we cater to.

In short, it's our high level of integrity, experience, as well as our thorough and analytical nature, that makes us stand out to professional organizations. We eliminate the typical risks and hassles of dealing with receivables and collections. Our financial mediation approach versus the "typical collection nature" is what make us an effective, top producing, financial secret weapon for our select client base.

Aside from the obvious need to maximize access to earned income, and boosting cash flow and profit; allow me to offer some specifics on...

 
                     

                            Why Cambridge Receivable Solutions?


1.)  Specialization, Customization, and Seamless Integration- Some "collection agencies" may accept any kind of business and have a less specialized approach to any certain industry.  We are as involved and knowledgeable about the industries we cater to as someone IN your industry.  We strive to understand all aspects of your industries trends, and be able to coordinate with your employees as if we are a member of your company.  Our consultative approach allows us to bridge otherwise undetected gaps in your cash flow management procedures and really customize a solid benefit for you.  We also only accept as much work as we can manage effectively, and staff for placements ahead of time!  Our extensive experience and analysis of each clients needs allows us to ensure you are treated as a number one priority.


2.)  Quality approach, a professional online presence, and a great reputation- Many of the large national agencies employ a large sales staff to bring in as much business (of any kind) as they can, and then assign inexperienced employees to these placements.  They set unattainable goals for them which ends up causing your accounts to be handled by burnt out, desperate collectors posing a risk to your reputation.  We stay away from lower tier collection portfolios, where online complaints are rampant.  Does a high profile organization want their sensative large balance accounts handled by someone who handles payday loans, or other small ticket, high risk paper?  We think not. If we aren't set up or equipped to be a home run for you, we'll point you in another direction.  We know what we can do effectively, we keep a firm grasp on it, and we nurture it.


3.)  A time saving, experienced partner- Aside from being a cash producing ally for organizations, we go beyond the call of duty.  Time is money.  We provide you with not only more money than you had before, but in doing so we are set up to save you time in the process as well.  It really compounds and equals a huge financial benefit for our clients.


Rather than have a low wage, high turnover employee handling your business while a client services rep tells you "they have their best people on it",  you actually have access to your own professional with a minimum of 15 years of top notch experience, with whom you work hand in hand; as much or as little as YOU would like.  Not only do we each have a vested interest in producing great results, and building long term relationships in our specialized industries, but we also offer a personal and transparent relationship as if we were a long term member of your staff. 


In closing, when the collection industry status quo isn't good enough for your companies needs, contact us for a confidential consultation, and cost benefit analysis of how we can add value to your bottom line.  These lean times require, at minimum, that you maximize your access to earned income on products and services you have delivered.

Thank you for your time, and please contact me directly (below), or use the CONTACT page with questions or to request more information.  We offer each prospective client a confidential consultation to determine how we can help prior to engagment.

Sincerely,


Jason Lindsey
President & Principal Consultant
Cambridge Receivable Solutions, LLC
Ph 636-238-3843
Toll Free 888-908-3905  Ext. 101

jlindsey@c-rsolutions.com

www.c-rsolutions.com
 
 
Today's blog post will (hopefully) be short and sweet.  I have a few simple points I want to address.  While I can only speak for our organization, here is a fresh perspective for small business owners, CFO's, and other financial decision makers in regards to getting paid.

You have provided products and services and have accounts that are over 60 days past due.  Many companies are too busy, or lack the ability to successfully follow up and collect past due balances.  Here are a few things to consider, along with how Cambridge Receivable Solutions addresses these common problems.




RATES- Is partnering with a collection agency cost effective?

Any organization with past due balances stands to gain money they would otherwise never see by partnering with a reputable collection company.  By handing collection accounts over to CRS, you are able to get back to attracting and nurturing new business.  Doing nothing will get you nothing.  Turning accounts over to a professional firm like ours ensures you will get as much as possible, as soon as possible. 

While we receive a portion of monies collected, there is no fee unless there is a recovery.  Many times, depending on your terms agreement, we are able to recover the collection costs along with the balance.  Either way, because of our experience and ability to handle these sensitive matters, your chances of getting paid increases once we are involved.  It's less expensive, less time consuming, and just as effective as pursuing litigation.  On most balance ranges this is usually not cost effective and doesn't guarantee payment anyways.  We allow you the ability to get paid without investing any more time, headache, or uncomfortable communications with your customers/clients.



REPUTATION- Is turning my accounts over for collections going to tarnish our image, or put us at risk of losing return customers?

When most people think of the broad term "collection agency", it comes with negative connotations.  Since most people have no idea about the Debt Collection industry, they relate them to a phone call they received in reference to an old credit card bill, a bogus magazine subscription etc, in which some punk tried to bully them into paying by any means necessary.  Those are usually less reputable, large, collection agencies who do step out of bounds from time to time. 

Cambridge Receivable Solutions, however, is a professional recovery firm specializing in successful collections for businesses and professional service firms. Our resources, knowledge, and experience, allow us to operate with integrity, professionalism, and strictly within the law. We open doors to communication and resolution, as opposed to slamming them.   We operate in a way that will get results without alienating potential repeat business. Being known as someone who expects payment for products and services is not a negative, but a positive.

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We are here specifically to not only make the process easy, but also effective, and professional.  That's exactly what we do.  If you are taking losses, or notice your accounts receivable mounting, contact us to take advantage of the ability to maximize your cash flow and profits.  Don't deal with a large, fly by night, agency where you are just a number. The existence of these types of organizations is why Cambridge Receivable Solutions was started. We saw an opportunity to help businesses in a rough economy by allowing them to have a high level ally, who delivers results, while removing all the "typical" collection hassles.  We are quality professionals delivering a necessary business function.

Get us involved early, and often to ensure profitability and optimal cash flow.  Please contact us to discuss your organizations situation and any questions you have. 



Who can benefit from our services? 

-Architects and Engineering firms
-Consulting companies
-Colleges and Universities
-CPA
-Transportation
-Medical Practices
-Manufacturing/Industrial
-Advertising, Marketing, and PR
-Law firms
-Small business and freelancers

Be the one who actually found a way to increase numbers, not just held meetings about it ! 


www.c-rsolutions.com

Thanks for your time!


Sincerely,


J.Lindsey
President
Cambridge Receivable Solutions, LLC
1-888-908-3905 Ext. 101

 
 

We are always eager to find cost effective ways for you to benefit from our knowledge and experience with A/R and Collection functions. We offer a quick and efficient Micro Consulting option for our smaller clients and freelancers. This service will pay dividends for as long as you do business.

CONSULTING MENU



FREELANCE SERVICES MENU  - Specifically designed services for the freelancer.




 Inquire by phone or e-mail through the
CONTACT page for details.
 
 
Welcome to today's rant about how to get yourself paid!  The main reason for this article is to make sure you are aware of the "Terms of Service" consulting service we offer at a one time rate of $50.00. 

Cambridge Receivable Solutions is an elite, professional, A/R Management, and Collection Services firm.  Not only are we highly experienced and successful at recovering stalled assets for companies, we also enjoy it.  We strive to innovate solutions that are mutually beneficial to our growing organization as well as to our select clients.

Our small firm, hands on, approach to customer service and great results allows us to go above and beyond for our clients.  Rather than herding clients in like cattle, stamping them with a number, and moving on to the next; we take time to nurture and build relationships with good clients.  Part of that is going above and beyond the call of duty and noticing when there is room for improvement.

While we make our living strengthening your living by recovering funds that you may otherwise never see, we still make it our mission to be of value to you in ways that aren't included on paper.  By educating and assisting Freelancers and Small businesses on how they can tighten up their billing and cash flow management, we not only provide a windfall of cash, we also strive to help you minimize the amount of accounts you need to turn over to collections.  

We want you  to do all the necessary steps that we see are needed for your accounts to never make it to us.  We can do this is good faith because we know from experience, that there will always be some collection accounts no matter how tight your procedures.  What we can do is help you minimize those, THEN successfully recover the ones that need more attention.  We want to ensure that when account DOES need to come to us for collections, you have dotted all the i's and crossed all the T's.  That only helps us, help you!


*I will be the first to tell you this is something you can easily do on your own. You don't need a lawyer to do it. You just need to make sure that you get something signed to back up the terms you expect. However...


WE OFFER  "TERMS OF SERVICE AGREEMENT" CONSULTING FOR FREELANCERS AND SMALL TO MEDIUM SIZED BUSINESSES, FOR A ONE TIME FEE OF **********$50.00


*This includes a .DOC and/or PDF of your "Terms" to use and edit as you wish, forever.  We will also do a quick efficient consult with you on how to manage your invoices correctly to minimize troublesome invoices and maximize your recovery rate.

 

Contact our Client Services Department at 636-487-0986 for more information on this and other valuable consulting offerings from CRS.


 
 
We are always eager to find cost effective ways for you to benefit from our knowledge and experience with A/R and Collections.  We offer a quick consultation service by phone for a small hourly fee (1 hour minimum). We will orchestrate a quick audit of your Order to Cash procedures and make suggestions on areas that could benefit from improvement, leaving you with a full report of our recommendations.

You can also take advantage of  full on-site consultations to ensure proper training and
cash flow maximization for your organization.  Rates are per day + transportation to and from your establishment.  This is a valuable opportunity for small to mid-sized companies that will pay dividends for years to come. Inquire by phone by calling our Client Services Department at 636-487-0986 or through the
CONTACT page for more details and pricing information.

Or click HERE for rates and details.