What are accounts receivable?
Money owed to a business by its customers is shown on its balance sheet as an asset and given the title of accounts receivable. Accounts receivable are rightly seen today as one of a business's riskiest assets.
They are a business's hidden debt and a debt is worth little or nothing unless it is turned into a judgment, preventing a year-on-year increase of this risky asset on your balance sheet.
Securing accounts receivable
A debt is worth nothing, get paid or get judgment.
Our pre-action® ADR® service secures and retrieves outstanding monies and accounts.
Pre-action® ADR® is the intelligent service in support of accounts receivable, from initial Letter of Claim through to post court judgment enforcement where required. A new approach to an age old problem.
Our pre-action® ADR® service benefits to you include:
dedicated member site for direct and immediate registration of debts
non-payers and their advisors directed to website for paperless communication and payment
improved collection rates
protection of brand
protection of customer loyalty and personal credit ratings, where appropriate
move your business from management of debt to management of your customers
enable management within your business to support retention of all high and medium value customers in collections
quality decision making information in a structured format
ability to drive discussions
Remember, the longer an account remains unpaid the greater the chance it may never be paid.