Your Shrinking Dollar

What happens when there is a delay in collection accounts?

ICBR understands that extending credit to your client base is an integrate part of the business cycle. It is a tool that increases productivity/sales by allowing your consumer to focus more on your product/service and less on the price. Extending credit can also improve your customer relations.

ICBR knows that when you extend credit, you risk revenue loss. Delinquent accounts can destroy a company’s liquidity and cause excessive stress on management and staff. According to the “Collectability of Delinquent Commercial Debts at Time Intervals After the Due Date” chart above the probability of your company recovering funds from an existing debtor at 90 days is only 69.6%.

The “Shrinking Dollar” chart above shows that you are estimated to receive $0.73 for every $1.00 you extend to a customer that is 90 days/3 months delinquent. This estimate increases by over $.25 once the debtor reaches 180 days/6 month delinquency mark. Don’t let this happen to you.

ICBR Recovery Teams are trained with proven recovery methods that will increase your probability of recovering potentially lost revenue.

Contact Us to learn more about how ICBR’s Recovery Teams can help you!

*Above stats provided by CLLA