Purpose: Identify lost revenue in the form of unpaid accounts receivable which have already been placed for collections with a 3rd party collection agency or attorney but have not been collected and where the agency/attorney has discontinued any further efforts to collect on the accounts.
Objective: Liquidation of the “in business” accounts benefiting our clients with found revenue while identify those clients who may now have the capability of buying from our clients again after resolution. Some side benefits include but are not limited to:
- Industry Good Will
- New Product Exposure to Old Customers
- Greater Name Recognition
- Positive Economic Outcome for the Client as well as Their Overall Company Growth
Features: By instructing your current 3rd party agency or attorney to provide you with a report consisting of five items; (1) Name of Debtor (2) Address of Debtor (3) Last Known Phone Number (4) Remaining Owed Balance (5) Date of Last Sale, you, the client, can:
- Forward the Spreadsheet to JSD
- Place All of These Accounts for Collection with JSD
- Reduce and Practically Eliminate Any Work Gathering the Placements
- Simplify Your Work Making the “Hiring” Decision Easy
JSD will then perform the following:
- JSD will scrub the accounts and remove all accurate bankruptcies (use of Pacer for verification)
- JSD will scrub the accounts and remove all out of business accounts
- JSD will then immediately work all of the remaining inventory as a 3rd party collection agency
- JSD will only request documentation when an account has been identified by our collectors as a “Paying” customer thus removing unnecessary work by you, our client
Conclusion: This program is targeted to clients who placed 20 or more placements per year, i.e. Office Depot, Xerox, Dex Media and the like. Simply put, our clients receive found revenue from returning long term clients who will now be more loyal than ever.
Contact a representative at JSD Management and take advantage of our Lazarus Program!
