T2c Collection Protocols - How to collect debt

Success does not evolve; it is created!

Cash flow problems are responsible for causing over 70% of businesses to fail within their first year. Many owners of business failures will tell you that a lack of cash flow was responsible for the insolvency of their company. Whilst cash flow can be a symptom of a number of different reasons for failure, it can also be the cause. When a company is facing challenging circumstances, the dynamics to collecting money changes. Effective credit management strategies must be put into place immediately, in order to counter the negative 'fall out' on the customer base and to maximise the daily cash collected.
 

Time 2 Collect (T2c) is a credit management strategy that helps you understand how to collect debt. It can be fully implemented in just 24 hours and offers customer's a truly competitve fixed price/monthly fee (excl. legal costs), for all the following collection applications.

Step 1: Implement a T2c collections policy
Step 2: Apply T2c collection protocols* (see below)
Step 3: Training of existing credit control staff
Step 4: Free demand third party collection letters
Step 5: Insource or outsource third party collection activity
Step 6: Full legal services and support

*This T2c protocol comprises 22 Action Points that include;
 

• 4 Important concepts that form the basis of total customer satisfaction

• 3 Strategic objectives that create the total solution to your cash collection strategy

• 3 Credit policy decisions that immediately improve your operational performance

• 5 Golden rules that increase your daily collections

• 4 Negotiating tactics that are effective in every situation

• 3 Strategies that keep your customers in check and out of legal