A collection agency can be an invaluable asset for a small business.

Not only will they help with collecting unpaid debts, but they will also provide valuable insight into how to improve the small business's overall collections process. Collection agencies specialize in understanding where businesses may have trouble collecting, and then providing customized solutions to address those issues. Through their experience, they can offer suggestions on streamlining invoicing procedures, managing customer accounts more efficiently, or developing strategies

that ensure businesses are getting paid on time. Additionally, they can help by negotiating payment plans or debt settlements that are beneficial to both the small business and the debtor. collection agencies often have resources at their disposal that many small businesses may not have access to. This includes sophisticated software and tools that enable them to effectively monitor customer accounts and track down delinquent debtors. They also employ debt collectors who can take legal action against customers who continually refuse to pay their debts on time. Having a collection agency represent your small business helps reduce outstanding debts while also providing insight into how you could improve your overall collections process. This ultimately leads to increased cash flow which is essential for any

successful business operation.

When hiring a collection agency, there are several steps you can take to make the process easier and more successful. First, it is important to clearly define what you expect from the agency by outlining your goals and expected outcomes. This will help them understand what services you are looking for as well as how their services will help your business. Second, provide all necessary information upfront so that the agency can work quickly and efficiently. This should include customer account records, invoices, payment terms, contact details, and any other relevant documents. Providing this information in advance will allow the agency to quickly assess each customer’s situation and develop an effective strategy for collecting payments. Third, if possible, invest in tools or software that can be used by the collection

agency to track customer accounts or monitor payments more easily. These solutions can significantly reduce the time it takes for the agency to collect debts while also providing insights into customer behavior that can be used to improve future collections processes. Finally, it is important to maintain open lines of communication with the collection agency throughout the process in order to ensure that everyone is on the same page and working towards a successful outcome. Regularly check up on progress reports and provide feedback when necessary, so that any issues or concerns are addressed swiftly. By following these steps before hiring a collection agency, you can make sure they have all the resources they need in order to effectively collect payments on your behalf.

Find out how the process of contacting your clients will happen and how the debt will be collected. You should be kept up-to-date. A good collection agency, like Go Beyond Collection Agency will explain all this you and be transparent in how they are to be paid themselves. Make sure the collection agency is insured and carries Professional Liability Insurance. You shouldn’t be worried about the cost of using a Collection Agency. The Agency is usually paid a percentage of the amount collected. The employees who work for A Go Beyond Collection Agency are trained professionals. Find a company you’re comfortable with, has a lot of experience covering your needs and will put you, the busy business owner first. The bottom line you need to figure out is if the outstanding amount/s are large enough to collect with an Agency or should they just be written off? You, your accountant and A Go Beyond Collection Agency can make that decision if necessary. Go Beyond Collection Agency will be upfront about their success rate and fees. You need to know that information. Transparency is key in the business of collections.

Call Go Beyond Collection Agency a call at 1-877-300-6006 to get the help you need!