new solutions for managing cash flow transworld systems 09/12
DESCRIPTION
Revised Overview. New up to date information: Transworld Systems provides pre collection services as well as profit recovery and collection services. This Overview is very informative and give s a good overview how I can assist you with your Accounts Receivable.TRANSCRIPT
New Solutions for Managing Cash FlowConsultation & Service Overview Wolfgang Kovacek
The CEO's new best friend818.710.0244 x51
[email protected]://web.transworldsystems.com/malibucanyon/
About Wolfgang Kovacek
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11 years experience in the Financial Industry working on the floor of the Stock Exchange in Vienna, Austria
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13 years of running my own business in the Communications, Web Development and Technology Industry
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Your personal Account Executive for Transworld Systems with the commitment:
Making Cash Flow®
“ My commitment is to excellence and the best service for the benefit of the client”
What We Do
a) We have been delivering progressive cash-flow solutions to businesses, medical offices and organizations of all sizes since 1970.
b) We have assisted over 200,000 clients in resolving $6 billion in A-R over the past decade, helping them to eliminate their need for traditional collection agencies and attorneys.
c) Our services are based on fixed-fee pricing of around $10 to $15 per account, depending on account volume.
d) TSI is fully compliant with all regulations affecting 1st & 3rd party collections, and we provide a hold harmless agreement to every client.
e) Our services allow you to react quickly and appropriately to slow paying accounts and avoid the serious issues associated with accounts receivable.
Making Cash Flow®
Industry Feedback
Making Cash Flow®
“In addition to the superior collection rate and speed of recovery, Transworld’s low fees provide the client with a 30%-70% savings.”
“Transworld Systems Inc. has a Better Business Bureau rating of A+”
“Transworld gets credit for the highest recovery rate in the industry.”
“This company has a collection rate of well over 50%. The typical collection firm only gets 20% and keeps 25%-50% of recovered funds.”
“In addition to the superior collection rate and speed of recovery, Transworld’s low fees provide the client with a 30%-70% savings.”
“Transworld Systems Inc. has a Better Business Bureau rating of A+”
“Transworld gets credit for the highest recovery rate in the industry.”
“This company has a collection rate of well over 50%. The typical collection firm only gets 20% and keeps 25%-50% of recovered funds.”
- Can you think of anything in your business that you are doing exactly the same as you did it five or ten years ago?- Where has technology made a difference in your business?- Are you open-minded about new ideas for solving old problems?
Some of Our Clients
Making Cash Flow®
A Healthcare Leader
Making Cash Flow®
Over 20,000 medical practices, hospitals & dental practices nationwide trust Transworld Systems
Over 20,000 medical practices, hospitals & dental practices nationwide trust Transworld Systems
Let’s Agree on a Few Things:
- Consistent and effective follow-up can be challenging & expensive - Different kinds of debtors require different kinds of responses - Most businesses would prefer to never have to use a collection agency at all - The older an account gets, the harder it is to collect
Making Cash Flow®
Four Kinds of Payers
Making Cash Flow®
Type
1. Reliable
2. Distracted
3. Disrespectful
4. Professional Debtors
Why They Pay
1. Statement
2. Reminders
3. Third Party Impact
4. Professional Collectors
* The good news is that over 90% of all customers (or patients) fall into the first two categories for most businesses.
The Problem
Making Cash Flow®
Challenges with the Traditional Approach: -Debtors know they owe, but may not care-It is very expensive to follow up in house ($31.60)-Customers less likely to respond as time goes on-No cap on time or money spent on follow up-No way to create real urgency with slow payers
Reliable Distracted Disrespectful Professional Debtors
The Four Recommended Stages
Making Cash Flow®
Your Initial Invoice
An Optimized Solution
Making Cash Flow®
A New Solution to an Old Problem: -An appropriate response for each type of debtor -Transitions from 1st Party reminders to Collection Demands-Allows you to automate & control your entire A-R process-Fixed-fee based services, averaging $10-15 per account-You can create real urgency when it becomes necessary
STATEMENT
The Challenge
Making Cash Flow®
The Solution
Making Cash Flow®
Time to Move to Stage 3
Making Cash Flow®
STATEMENT
Reliable Distracted Disrespectful Professional Debtors
Placing Accounts is Easy
Making Cash Flow®
• Submit through secure Online Client Portal (OCP) and submit accounts for any or our services, 24/7access
• Upload accounts one by one or in a batch format
• View or stop accounts, report payments and pull performance reports all from your client portal
• You are in control of your accounts at all times
Benefit Summary
Making Cash Flow®
Transworld Systems’ Key Benefits:
• Innovative staged approach to cash-flow management• Fixed-fee based• Lower your internal follow-up and collection expenses • 24/7 client access to detailed activity and performance reports• Service all of your accounts, regardless of balance or location• Our processes are compliant with all state and federal
requirements (FDCPA, HIPAA, TCPA, & Others) • Your personal Account Executive will make sure you maximize our
services • Our Performance Guarantee
Reasons to take action NOW
Making Cash Flow®
Fact 1: Most businesses wait to take action because1. They don’t want to pay a percentage to a collection agency 2. and they don’t want to alienate their customers.
Fact 2 : Transworld Systems allows you to1. Take action early and diplomatically, 2. and recovering your accounts faster while maintaining valuable customer relationships.
Setting Up Your System
Making Cash Flow®
Break-Even Analysis
Making Cash Flow®
Transworld Collections
Making Cash Flow®
Servicing the few high-risk accounts that go uncollected:
• Nationwide team of professional collectors who will turn up the heat on these overdue accounts
• Services include skip-tracing, asset discovery, consumer and commercial collections, & legal efforts
• Contingency based fee structure• You pay only for dollars recovered on these high-risk accounts• Submit the accounts and pull reporting directly from your Online
Client Portal (OCP)
It is time for the professional debtors to deal with professional collectors
New Solutions for Managing Cash FlowContact me today and set up a complimentary consultation.Thank you for your interest.
Wolfgang KovacekThe CEO's new best friend
818.710.0244 [email protected]
http://web.transworldsystems.com/malibucanyon/