ABNA International - A/R, Credit Risk and Commercial Collection Solutions

Who is on your past due radar RIGHT NOW?

CALL ME NOW. before it's too late. Let ABNA INTL TURN PAST DUE DEBT INTO CASH IN YOUR BANK.

302 220 4687
Jennifer Stacey
ABNA INTL

Have a Plan in Place

Once you identify an account that might be on the verge or just past the point of trouble, you have to know exactly what to do in order to protect yourself and attempt to save a future relationship. There is no room for error here, and certainly no room or time to stall as discussed in the prior post. So you should make sure that you have a plan and an agency on standby to turn to , one preferably who can walk you through the process and make it as simplistic as possible, Write the plan down on paper , exactly what should be done at each step of the collection process.

Your written plan will likely include things like sending collection letters, making collection calls, attempting to negotiate restructured terms, and even submitting the debt to a commercial debt collection agency. Should you be forced to take that last option, having an established relationship with a debt collection agency is a huge asset.

ABAN International has been servicing the B to B Community for over 20 Years around the globe on a contingent basis only. We don't get paid unless you do! Contact Leo McDermott Today and lets discuss your current process and if, when and how we can fit in to your future safety plan!



Phone: +1-302-644-0910
Fax: +1-302-674-9112
[email protected]
www.abnaintl.com

KNOW THE WARNING SIGNS

The number one thing that all Businesses can do to reduce the number of delinquent accounts on their Aging Reports is to start watching for signs of trouble well before that trouble arrives.

This can include things like payments that are getting progressively later, accounts who suddenly “forget” to send their payments, calls from other creditors or collection agencies, ignored responses to your internal collection efforts, or customers actually mentioning that their business is struggling.

Almost all delinquent accounts show warning signs well before they are TOO FAR GONE, so the key is to watch and pay attention. And once the signals start to alert you. DO SOMETHING ABOUT IT. Make sure you don't wait until it is too late.

WHEN IS LATE TOO LATE

When phone numbers are disconnected.
When Email or Website Accounts have been closed.
When they close their Doors.
When they file bankruptcy.

Once it gets to the point of any of the above the likelihood of you recovering your debt is little to none. So again PAY ATTENTION and once aware do something about it. What , you may ask. Have a plan in place! make sure that you are tracking and documenting these warning signs. Simply being aware that things might be getting worse for a customer with an outstanding account could make the difference in working out a plan with them or ending up with nothing.

ABNA | International commercial debt collection agency ABNA is a U.S. based International Debt Collection Agency with offices and strategic partners around the world.

ABNA International is the Premiere Accounts receivables Management and Commercial Debt Collections Organization World Wide. We service all Businesses no matter size or world region. Below is just a small list of some of the clientele we service within the Manufacturing Industry .

We service companies that manufacture and/or distribute goods for commercial or industrial use, including construction equipment, heavy machinery, paper, and packaging. Businesses such as:

Agricultural Machinery Manufacturing.;Construction, Mining, & Other Heavy Machinery Equipment Manufacturing
Fluid Control Equipment, Pump, Seal & Valve Manufacturing
Food Service & Food Retail Equipment Manufacturing
Glass & Clay Product Manufacturing,Hardware & Fastener Manufacturing;Industrial Automation & Industrial Control Products Manufacturing Industrial Contract Manufacturing
Industrial Equipment Leasing,Industrial Machinery & Equipment Distribution & Manufacturing,Lighting and other Fixture Manufacturing ,Material Handling Equipment Manufacturing
Metal Fabrication, Packaging & Container Manufacturing
Paper & Paper Product Manufacturing, Rubber & Plastic Product Manufacturing, Tire Manufacturing, Textile Manufacturing, Wire & Cable Manufacturing and MUCH MUCH MORE.

If your company supplied a service or product in good faith with the agreement that payment would be provided according to terms, and the company is now paying your competition instead of You...Contact ABNA International!

There are NO upfront costs or added fees. We don't get paid unless YOU get paid.

Options

Collection agencies come in two types. First-party agencies act in your name, effectively outsourcing a back-office function. They can work for fees or on commission, and you pay them to send out letters or make phone calls. Some begin with pre-collection letters warning that efforts to secure payment will be intensified. More common are third-party agencies -- companies you send your past due accounts to so they can handle all aspects of the operation. They conduct their activities under their own auspices and send you what they collect, minus their commission.

When hiring ABNA International, the fee depends on age, balance , condition and quantity of placements. World Region does not matter due to ABNA having word wide presence.

ABNA offers first party representation, mediation as well as past due collection. Who do you have on your aging report right now you need assistance with?

Time Frame

Typically, small businesses turn debts over to a collection agency as a last resort. How long you wait to do so depends in part on your own in-house collection efforts and also on any indications you have that a customer intends to pay but is simply going through a temporary cash shortfall. If a customer pays with a bad check or a check from a closed account, suddenly changes his phone number or otherwise uses deceptive practices to avoid paying his debt, you might want to consider involving a collection agency sooner.

Once red flag signals begin, the urgency is increased and there comes a time that even a collection agency can not assist.

Collecting debts can be one of the biggest headaches for a small-business owner. Turning to a collection agency is rarely anyone's first choice, because the agency keeps a portion of what it recovers, but engaging an agency can be the best way to keep a debt from becoming a complete write-off. It also allows you to concentrate on duties more central to your fundamental business operations.

In the last Quarter..EOY is upon us.Who do you have on your Aging right now who is ignoring your internal collection efforts??? We should talk !

Mama Always Said, "They wont buy the cow if you give away the milk for free"

Such a true statement. If you give your clients your product/service on credit terms...and then 30 Days Net Pass....60 Days..90 Days...120 Days ...Why on earth would your client ever pay you? They received the goods, and you obviously are NOT a priority pay so why pay at all?

When partnering with ABNA International, we create a sense of urgency for your clients to pay, without alienating your customer base.

If Cash is King... Your Receivables are Your Companies Queen !!!!

Just as they say "Behind every good man is a strong woman"...so in the accounting world "Behind Increased Business Cash Flow, is ALWAYS a strong company Receivables".

In Order to have strong A/R you have to have 3 Strong policies. 1. Strong Credit Policy 2. Strong Collections Policy 3. Strong Customer Relationships .

Over the next couple days Im going to discuss these 3 Policies. How you can create, Implement and Maintain these policies in order to move into 2016 and beyond with a Strong A/R allowing your business the Best Possible Increased Cash Flow , Reduced DSO and Improved Credit Risk.

If YOU are interested in receiving a Free A/R Report Card. Contact me ( Jennifer Stacey @ ABNA International () [email protected] or 302 220 4687 ) I can perform an A/R Analyzation and let you know if you are in need of improvement and assist with the creation, implementation and maintenance of these policies at NO cost .

Grab your aging report and contact me. I would be happy to assist you in ensuring 2016 brings you increased cash flow, reduced DSO and improved Credit Risk, all while maintaining and strengthening customer relations.