In a downturned economy, profit recovery is the lifeline many businesses are in need of, but have no idea exists, or how to go about implementing an accounts receivable strategy that keeps cash flowing consistently and predictably.
First, consider this data:
- Gas prices on the rise: Fox8.com (March 28, 2012) – “The price of an average gallon of regular gas surpassed the $3.90 mark Wednesday, moving to within a dime of the $4 threshold.”
- Poor housing market: CNN Money (March 27, 2012) – “The housing market started off the new year with a thud. Home prices dropped for the fifth consecutive month in January, reaching their lowest point since the end of 2002.”
- Unemployment rate high: ABC News (March 11, 2012) – “The economy has added more jobs than expected in each of the past three months, pushing down the unemployment rate to 8.3 percent and marking the best six-month streak of jobs numbers since 2008. But President Obama’s former economic adviser said today that this seemingly rosy economic picture probably won’t last. “I think the main thing that [President Obama] ought to worry anybody is that the growth rate is probably not as sustainable as at high a rate as it’s been, so the pace of expansion, which for six months has been pretty impressive, it may just slow down a bit,” Austan Goolsbee, now an ABC News contributor, said today Sunday on “This Week.”
In these troubled economic times, businesses need products and services that will speed profit recovery in order to continue generating greater revenue. However, although we are at a time of economic downturn, consumer sales are on the rise. “Retail sales made their biggest single-month jump in February, increasing by 1.1% over January.” (Source: Minyanvill.com, March 26, 2012) Ironically, consumers are beginning to buy and spend more, which is good for businesses large and small.
At Optio Solutions we understand the difficult economic times that our nation’s businesses are faced with. Therefore, we offer products and services that can help your business save time and money by reducing the piled high debt owed to you by delinquent debt holding customers.
Our services include: Talking Statements® that provide you with instant, interactive communication with your debtor for improved debt recovery, Collection Letters and Written Demands, which appear to be coming directly from your business, speed up profit recovery and are customizable with your logo, providing recognition and reinforcement of your brand identity, Collection Calls for consumers who have not responded to your demands and then ignored demands from a licensed collection agency, and lastly, we offer our Revenue Maximizer for health care providers.
For more on how our products and services can help your business save time and money, as well as speed profit recovery, watch our 3 Minute Demo!