There is little difference on your company’s bottom line between shoplifting and long overdue invoices. Either way, you have substantial out-of-pocket costs that can overburden your business and waste your valuable time.
Yet, it’s not unusual to see businesses spend thousands on loss- protection and let overdue bills hang with the hope of someday recouping the losses.
IF YOU ARE REALISTIC ABOUT YOUR BUSINESS CASH FLOW YOU WILL COME TO THE CONCLUSION THAT SHOPLIFTING AND UNPAID INVOICES ARE THE SAME.
In my experience, late payment is more about lack of respect than money. If you are unlucky you will end up spending hours rewriting invoices, making unpleasant phone calls, sending emails, and constantly reminding the debtor to pay his or her bill.
Depreciation of Unpaid Invoices Over Time…
In short, you don’t owe the money but are essentially paying the bill through:
- Phone Calls
At Pan Am Collections, your problems become our responsibility. With our best in business practices, WE GET YOUR MONEY FAST.
We use a timed and staged collection system to efficiently funnel paid invoices back into your cash flow. We’ve been doing it 30 years and are proud of the fantastic system we have developed.