In addition to the traditional third party collection services, LDB & Associates has developed an array of collection solutions that can be used to maintain an accounts receivable system, whether commercial or consumer.
Letter Writing Collections
This is a customer directed collection program for handling mainly small balance delinquent customers. It is a pay as you use program. There are no up-front costs, prepayments, or coupons to purchase. We do not require a minimum number of accounts or a minimum dollar amount per account. We can print the letter series on your stationery or ours. You can customize the letter text or use our proven letter series. We can accept single claims, groups, or bulk placements via electronic transfer. Your customers will be instructed to send their payment to your mail point or lock box network. Volume letter programs are available.
First Party Voice Service
This is a soft approach collection procedure that gets results. It is an affordable, per account or contingent fee program designed to work lower balance accounts while valuable management time is spent on the larger balance accounts that have a direct effect on cash flow and days sales outstanding (DSO). This is a collection program that is performed at our site and we are totally transparent to your customers. Programs can be tailored utilizing a combination of this program and the letter writing collection procedure.
Credit Management Consulting
LDB & Associates Command Credit Consultant Program provides professional consulting and industry focused services in the areas of:
Credit & Collection Accounts Receivable Management Functions
Professional Credit & Collection Education & Seminar Programs
Credit & Collection Policy & Procedure Systems
These resources have been designed to develop and/or enhance credit and collection systems that will accelerate cash flow, thereby elevating the knowledge of the credit professionals while implementing a program that is designed to reduce a company’s investment in accounts receivable. A published policy and credit guide can be incorporated in the final product.
These services are designed to support the administration of a corporate credit and collection function. The service is available for one-to-one utilization or group training.