Smart Moves: Tax Season Debt Collection Strategies that Work

By |May 6th, 2024|Categories: 1st Party Collections, 3rd Party Collections, Commercial Collections, Flat Fee Collections, International Collections|

Mastering Debt Management During Tax Season  The arrival of tax season marks a critical time for businesses worldwide. It's a period when financial precision matters more than ever, and cash flow becomes the priority. Effective debt recovery is an essential component of a business's financial health. Developing a robust tax season debt collection strategy becomes crucial for businesses aiming to improve their financial health and efficiency.  To help with this, Bravo Recovery presents a comprehensive guide aimed at supporting business owners in mastering the art of debt recovery not just during tax season but all year round. With a[...]

Comments Off on Smart Moves: Tax Season Debt Collection Strategies that Work

Debt Recovery Solution: Pre-Collect Services/CARE

By |August 22nd, 2023|Categories: 1st Party Collections, 3rd Party Collections, Commercial Collections, Flat Fee Collections, International Collections|

Leverage Debt Recovery Solution for Your Most Challenging Accounts Receivable Issues When it comes to accounts that have been delinquent for 60, 90, or even 120 days, our Debt Recovery Solution – known as the Commercial Accounts Receivable Express system (CARE) – stands out as a premier "first line" pre-collection strategy. With CARE, clients are empowered to adopt a forward-thinking approach to debt recovery. The intuitive online interface of this debt recovery solution allows users to initiate collection activities based on their individual preferences. Affordable Fixed Rates The brilliance of CARE lies in its transparent pricing. Regardless of whether[...]

Comments Off on Debt Recovery Solution: Pre-Collect Services/CARE

Information Superiority Advantage in Commercial Debt Recovery

By |July 27th, 2023|Categories: 3rd Party Collections, Asset & Liability Reports, Business Credit Reports, Commercial Collections, Flat Fee Collections, Litigation|

In today's competitive business landscape, every advantage counts. When it comes to extending credit as well as liquidating receivables, information superiority can be the difference between getting paid in full and writing it off as a loss.Bravo Recovery, Inc. is a leading commercial debt recovery agency that understands the importance of information superiority. Our investigative capabilities give us a significant advantage in the collection process, as we can use it to target our collection efforts more effectively and efficiently. We understand that time is money, so we take a proactive approach to liquidating commercial receivables.In addition to our extensive data[...]

Comments Off on Information Superiority Advantage in Commercial Debt Recovery

Invoice Discounting

By |April 24th, 2023|Categories: 1st Party Collections, 3rd Party Collections, Commercial Collections, Flat Fee Collections, International Collections|

As a business owner, have you ever considered invoice discounting is a strategy to help you improve cash flow, reduce your credit risk, and incentivize your customers to pay their invoices faster?Invoice discounting means offering a percentage reduction on the invoice amount if the customer pays within a certain period of time, usually shorter than the standard payment terms. Common discount terms include 1% to 5% off the invoice amount if paid within a specific timeframe, such as 10 or 15 days from the invoice date. This could even work as an alternative to accounts receivable factoring or financing. Invoice[...]

Comments Off on Invoice Discounting

The Risks of Aged Receivables and How They Impact Commercial Enterprises

By |April 24th, 2023|Categories: 3rd Party Collections, Commercial Collections, Flat Fee Collections|

Here are 5 different ways slow paying customers can bring pain to your operationsLoss of competitive edge: Business owners need to constantly innovate and adapt to changing customer needs and preferences. They need to invest in research and development, marketing, and customer service to stay ahead of their rivals. However, if they have too much money tied up in aging accounts receivables, they may not have enough funds to finance these activities, resulting in lower quality products or services, reduced customer satisfaction, and loss of market share.Reduced bargaining power: Enterprises often have to negotiate with their suppliers, distributors, lenders, and[...]

Comments Off on The Risks of Aged Receivables and How They Impact Commercial Enterprises

Comprehensive Guide for Small Businesses to Make Better Credit Granting Decisions

By |March 16th, 2023|Categories: 3rd Party Collections, Business Credit Reports, Commercial Collections, Flat Fee Collections|

As a B2B credit grantor, making the right credit granting decision is essential for the success of your business. In this comprehensive guide, we'll explore the key factors to consider when making credit granting decisions, as well as some best practices to help you minimize risk and maximize your chances of success.Conduct a Credit Check:  Before granting credit to a new customer, it's important to conduct a credit check to assess their creditworthiness. This can include reviewing their credit score, payment history, and other financial information. You can work with credit reporting agencies or use online tools to gather this[...]

Comments Off on Comprehensive Guide for Small Businesses to Make Better Credit Granting Decisions

How To Choose The BEST Collection Agency

By |October 27th, 2022|Categories: 1st Party Collections, 3rd Party Collections, Asset & Liability Reports, Business Credit Reports, Commercial Collections, First Party Staffing & Recruiting, Flat Fee Collections, International Collections, Litigation|

Businesses will inevitably encounter unpaid receivables. Businesses can attempt to collect on their own; however, partnering with a collection agency can help improve returns on those debts.As many as there are reputable collection agencies, there are that many bad ones out there. It is important to do some research on the agency. Some key factors to consider are:Does the agency handle commercial collection debt?Can the agency handle both domestic and international commercial debts?Is the agency professional and persistent?How does the agency report progress?Does the agency offer credit reporting?Here, at Bravo Recovery, our staff has more than 100 years of combined[...]

Comments Off on How To Choose The BEST Collection Agency
Go to Top