Telecommunication Business

Telecommunication Business

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    Jennifer Stacey
    The company name is only visible to registered members.
    15 Dec 2009, 5:00 pm
    Is Your Telecomm Business Generating Cash Flow or Costing You Money?
    With ONLY 16 Days until End of Year, there is no more time to "think", it is time for action. Business owners and Financial Executives have spent a better part of 2009 trying to cut costs and increase cash flow. Hopefully you have succeeded and will be continuing with your business into 2010. The cold hard facts are MANY businesses will be forced to close their doors. Although we have all heard the murmurs of an economic turnaround that is in the future, NOT NOW. And if you wish for your company to be a part of that economic future triumph....You have to begin acting NOW.

    The title of this blog is self-explanatory. Are your receivables generating cash flow or collecting dust and adding cost and loss to your Company? Many blogs will ask a question and then examine all of the surrounding opinions and stats. With 17 days until End of Year Audits begin, i simply do not have time for that, and more than likely, either do you. This blog is to make you aware, allow you to determine the truth, accept it and rectify the situation NOW.

    So I will skip through all of the statistics and research recording that in most businesses your receivables, account for almost 50% of your assets, and I will put aside the fact that within a drowning economy few businesses will survive without a strict receivables policy in place. Lets get to the point.

    The point is in THIS economy, in 2009 going into 2010 , there is no grey area any longer. Either your receivables are generating cash flow and acting as an asset for your company, or it is collecting dust and adding extra cost, extra manpower and has now become a generator of lost dollars. To find our witch category you fall into. It is quite simple.

    Look at your aging report. What is sitting in the aging buckets 90 days plus outstanding? Now, not only should that amount be cash flow in your bank account and not a negative figure, but those numbers represent far more than just that amount owed. By 90 days those numbers represent money owed to YOUR COMPANY , that has by now been giving to your competition. Those numbers represent man hours spent by your credit and collections department chasing down your money , now considered bad debt. Those numbers represent additional dollars, effort, postage, phone time, employee cost ,as well as energy that is being spent by your company to chase what is now , obviously bad debt .

    Although in my next few blogs going into 2010 I will discuss how to NOT have this same issue next year, I think at this point, we have to discuss how to change this proverbial dust magnet NOW.

    Any account in the 90+ aging bucket has already received phone calls, letters and final demand notices. NOW is the time to take control back. The only way to do this , is to accept the truth.
    Accepting the truth that you have internally exhausted all collection efforts, is not a failing on anyone's part. It is a fact that happens every day. What you do after you have reached that point of acceptance is what makes the definitive factor of failure or success in regards to your receivables. The next step will determine if you can turn the situation around , increase cash flow, reduce DSO, improve credit risk, earn back customer respect and stop wasting time, money and additional efforts.

    When looking at the accounts in your 90 + aging buckets, it is obvious you are no longer a factor to those companies. The truth is that at 90+ days, those customers are buying from your competition. The truth is you and your companies are no longer a priority. Those customers are avoiding your calls, letters and messages and they will continue to do so. They do not need you anymore. They have took the money owed to you, and have purchased your product and/or service somewhere else. This is the cold hard truth, although some wish to believe that their clients would never do such a thing, in difficult economic times, businesses will do what it takes to survive. So allowing those accounts to sit in those aging buckets and collect dust as well as adding additional costs, will not gain you any brownie points, it will not make you the martyr , it simply means that you are being irresponsible with your receivables, your company's money and your company's future.

    Now, it is time to TAKE CONTROL BACK. You can make the decision to save the day. You can single handedly make the decision to stop being a door mat, increase cash flow, reduce DSO and improve credit risk NOW. And you do not have to spend a single penny. You do not have to spend additional man power. No more wasted postage or phone time. Just decide to regain control, and make one phone call. There are NO upfront costs, no risk to your customer base. In fact, moving forward, you will gain most of these customers back....on COD of course. With 17 days left in 2009, you can immediately have those lost dollars found, deposited into your account before end of year.

    WHO? How ? When? OK that is simple.

    ABNA International offers an immediate solution to businesses worldwide at NO upfront cost or risk to your customer base. ABNA International has over 50 years of combined experience in creating a sense of urgency for your customers (and past clients) to pay without alienating your customer base. ABNA offers immediate increase of cash flow, reduction of DSO and improvement of credit risk, NOW...and again at NO upfront cost or risk. If you do NOT receive the funds owed to you, you never owe ABNA a red penny. !

    First, ABNA will begin by cleaning up the back log collecting dust. You can email a snap shot of your aging buckets 90,120,180 + (wherever you would like to begin) , or if there are only a few accounts that need to be collected upon in those aging brackets, simply email a copy of the last invoice or statement for those accounts. Once ABNA has cleaned up the past due Roderick, they can begin working with you to evaluate and create a more stronger and successful credit and collections policy going forward. There is absolutely NO cost EVER to this segment of their services. You place the past due accounts for collections, they collect on those accounts for you , and once you receive the funds owed to you they will simply invoice you a contingent fee of what you received ( between 15-18%) and the additional benefits are amazing. They will work with you one on one to ensure your receivables process ( from credit policy to collections process is internally strengthened and improved FOR FREE. There also many other benefits that is free simply for working with ABNA on your past due collection accounts.

    Take the chance. Take control. Sit back and SAVE your company some money the last 17 days of 2009. Let someone else take on the responsibility, the risk, the overhead, the employee cost, the investigation, attorney, mediation and collection fees...and just collect the money that is owed to you! If you wish to clean up your past due receivables, and start fresh in 2010 with a new process guaranteed for success, low DSO, increased cash flow and better credit risk, call Jennifer Stacey today! NOW!


    Jennifer Stacey
    New Client Portfolio Development
    ABNA International
    North American Office
    Direct: +1 302 883 8564
    E Connect: jstacey@abna.us
    site: http://www.abna.us