blog.jpgTips and Notes from the PCS Team

Jul
09
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Almost 90% of U.S. shoppers say they carry cash, but 35% believe that digital wallets will be the main payment method by 2020.
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Oct
05
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Accounts Receivable Management
For a collection agency, the age of an account directly affects how that account is handled and the rate of recovery.
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Sep
27
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Accounts Receivable Management
93% of Americans prefer non-traditional methods of communication from the companies they do business with - including email, text, mobile app notifications, and social media...
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Jun
22
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Collection Regulations
A consumer has a right to verify the debt and dispute if they believe they do not owe the debt.
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May
17
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The first points that come to mind are probably commission rates and recovery rates (of the debt). Your due diligence should include asking about commission, recovery rates, and how quickly legal act…
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Apr
06
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We all know what spring cleaning means – hard work! It means looking under furniture, digging deep into the corners and tossing out accumulated junk. It’s rewarding. There is a sense of a job well d…
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Feb
19
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Accounts Receivable Management
With everything a business has to do to keep the doors open, it's natural to let some things run on auto-pilot. But the world changes and that means businesses have to review their procedures and pol…
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Jan
19
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Accounts Receivable Management
Now that the holidays are over and tax season is here, many businesses are reviewing 2015. It is important to know where you have been so you can decide where you want to go!
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Nov
20
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Accounts Receivable Management
Do you analyze your AR data with the same precision you use to carve a Thanksgiving turkey?
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Oct
14
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Accounts Receivable Management
Accounts Receivable policies can dramatically affect cash flow. Review your AR processes on a regular basis and consider this list of "Best Practices".
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Sep
16
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If you have mailed an invoice or statement and mail was returned, it is beneficial to let us know.
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Aug
11
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When you submit accounts to a collection agency, you assume the account is well on its way to being resolved. Your relationship with this customer is understandably a little strained at this point. I…
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Jul
07
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Every company knows there are deadlines that affect their business. These can include filing income taxes, state sales tax, payroll, corporate documents, and many other time-sensitive obligations. Ot…
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Jun
10
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Accounts Receivable Management
Cash flow can be a challenge if your business invoices on net terms, due to a time lag between payments on accounts receivables and accounts payables, such as vendors and payroll. If you are a healthc…
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May
21
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Collection Regulations
If you submit accounts to a collection agency, you may be familiar with the process of filing suit on accounts.Once the agency complies with regulations, there is a great deal of difference in policie…
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Apr
22
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Accounts Receivable Management
There are many resources available to help you hone you accounts receivable management processes. The internet is a wonderful place for answers.
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Apr
06
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Accounts Receivable Management
If you process past due invoices, you may be adding interest to the balance. But are you complying with state laws?
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Mar
02
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It’s great news when a customer finally clears up their past due bill. Often a customer will call you after they receive a notice from a collection agency. But what do you do when that customer cont…
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Jan
07
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We all make them... and break them. New Year's Resolutions give us hope that we can improve. Hope and resolve are qualities of a successful business. Here's a resolution worth keeping and why.... …
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Dec
10
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Healthcare
Holidays can be stressful for consumers. Many families’ budgets barely stretch to the end of the month. If you are a business that extended credit, or are a healthcare provider who bills a patient po…
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Nov
13
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Accounts Receivable Management
Put on your reading glasses, get out the magnifying glass or you may even need a pair of binoculars. Take a good, hard look at your accounts receivable invoices....look VERY close.
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Oct
23
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Healthcare
As a collection agency, a good percentage of our clients are in the healthcare industry. That’s not a surprise. People get sick and people need healthcare. The reality is, with or without insurance, t…
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Oct
09
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As a Collection Agency, we are under the scrutiny of state and federal laws. At last count, there were over 100 laws and collection agencies are held responsible to complying with every law.
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Sep
22
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PCS Services Refined
PCS is committed to service above and beyond what you expect from your accounts receivable management partner. We strive to not only collect on accounts, but we make every possible effort to maintain…
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Sep
04
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Our goal is to be your partner in accounts receivable management. We want to hear from you and one way is to ask you to take a survey…answer a few questions.
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Aug
25
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Timely billing can greatly affect your success in getting paid for your products or services. If you adhere to a schedule of invoicing and customer contact, you will increase your timely payment rate.
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Tags : , billing, statements

Jul
31
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Accounts Receivable Management
Account Receivable Management used to be sending someone a bill and if they did not pay, you sent them a reminder. If they did not pay then - you would consider taking that client to a collections age…
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