Outsourcing Your Debt Collection Functions

1
Outsourcing Your Debt Collection Functions

• For more detail
• http//www.hfholdingsinc.com/

2

• Running a business in an organized and efficient
  manner requires you to have the appropriate
  amount of staff to perform all of the functions
  required. Though every business is different in
  one way or another, some companies share specific
  processes that are required for operation. If you
  are in a business that loans money or provides
  work in advance and thus carry accounts
  receivables as you await payment, you likely need
  to enlist the services of a debt collection
  agency. Rather than task your in-house staff (who
  are most often ill-equipped and untrained) with
  debt recovery, you can save time and money by
  simply outsourcing your debt collection efforts
  to an agency like HF Holdings, Inc. that
  specializes in commercial accounts.

3

• Every company, small, medium or big that is in
  the financial sector always has 'receivable
  income' in the form of dues owed by customers. If
  you look at an Annual Accounts Statement there is
  likely to be a column denoting 'bad debts' or
  pending dues. Some of these amounts may be
  recovered, some not at all, or through
  long-winding legal procedures that can stretch
  through many years

4

• To save you and your staff the trouble and to
  ensure the delinquent accounts in your portfolio
  are reconciled, you need to use the services of
  the trained and experienced professionals at HF
  Holdings, Incl. Once you have performed a service
  or provided a product, your customers are
  required to pay you for your time and items. In
  the event a customer does not pay, you need to
  consider debt collection in order to receive what
  is rightfully owed to you. Though you can attempt
  to do so on your own, the more judicious method
  is to use a debt collection agency who deals
  exclusively with these issues.

5

• By choosing to use a debt collection agency to
  handle your accounts receivable and delinquent
  accounts, you will free up the time of your staff
  you may have asked to work on such tasks. This
  will translate into a more efficient accounting
  department, as lingering debt is the role and
  responsibility of your accounting division. A
  debt collection agency is not only a more cost
  effective option, it will also yield better
  results when compared to using your own staff to
  try and collect a debt. Once you have a customer
  who has refused to pay an invoice on time or is
  being uncooperative, you need the skills of
  trained professionals that are adept at
  collecting on delinquent accounts. Typically,
  your own in-house staff will not be experienced
  at debt collection, and thus will not be as
  successful which may in turn have a negative
  effect on team morale resulting from feelings of
  failure or inadequacy.

6
Contact us

• Our Corporate Office By Mail
• HF Holdings, Inc.
• P.O. Box 593080
• Orlando, FL 32859
• By Phone
• Toll Free [phone]
• Fax [phone]
• http//www.hfholdingsinc.com/