Receivables Recovery
The older an account, the less recoverable
Early Intervention – Key to Successful Collections
According to the U.S. Department of Commerce, the older an account, the harder it is to collect. The GreenFlag System is uniquely designed to work accounts earlier – when they’re more collectible. Most businesses wait too long to turn accounts over to a collection agency because:
- They want to avoid the high cost of traditional collection agency services.
- They fear alienating potentially “good” customers
GreenFlag works because it offers a Low, Flat Fee averaging $10 per account versus a high percentage; and provides a diplomatic approach that collects money and retains good customer relations.
- Our early intervention collection system delivers higher recovery rates:
56%* at an average cost of 7 cents on a dollar, compared to 16% collected by traditional agencies at an average cost of 33% per dollar collected.
- Consistent approach on all accounts regardless of balance
GreenFlag clients receive 3 times the recovery rate at about 1/6 th the cost!
