AmerAssist's Binary Collection Program substantially reduces DSO and write-offs for a wholesale distributor.
Situation: A large wholesale distributor experienced a critical increase
in their days-sales-outstanding and write-offs, when internal collections and expensive legal efforts failed
to liquidate delinquent accounts in their receivables portfolio. Family shareholders were faced with signing
personally on a bridge loan, when their trade association recommended AmerAssist's Binary Collection Program.
Solution: The CEO selected AmerAssist's online solution with its quick and
convenient access to account monitoring, performance analysis audits and instant updating. There was no
software to install and the program's simplicity transformed the efficiency and effectiveness of their
internal process in the very first month of use. Third-party collection costs are now less than 10% of amounts
collected and cash flow is positive once again.
National bank utilizes AmerAssist to save over 50% on costs to manage collections of a large credit card portfolio
and to liquidate installment loan deficiency balances.
Situation: After a merger, bank credit and collection officers were faced
with the costly integration of multiple collection departments.
Solution: The bank expanded their use of AmerAssist's Accounts Receivable
Solution Division and outsourced the recovery of all later-stage receivables. Significant cost reductions were
subsequently achieved in the recovery budgets for their credit card portfolios. Even their installment loan
deficiency balance write-offs were reduced to record levels.
AmerAssist's Medical Claims Division accelerates cash flow and reduces a hospital's costs for recovering delinquent
self-pay balances and third-party provider claims.
Situation: During a large-scale computer system conversion and software
transition, outstanding self-pay balance accounts and third-party provider claims created a cash flow shortage
so severe that receivables financing was required.
Solution: The hospital's new CFO turned to AmerAssist's Medical Claims Division
for comprehensive assistance.
Professionally trained medical collectors and custom medical contacts were utilized
to promote prompt payments without patient alienation. AmerAssist functioned as a cost-effective extension of the
hospital's staff to swiftly restore cash-flow and claims processing to a current basis.
Click here to learn how the Binary Program can achieve
similar results for your business
