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For Immediate Release: (OH - 11/04)
DEBT COLLECTION GOES HIGH-TEC
No matter how industries change, one thing remains the same. There will always be debt. Late payments. Delinquent accounts. Unresponsive debtors. And as long as that's the case, one company will be in business.
TekCollect is one of the largest collection organizations in the country. Founded by Nicole Buhr, the firm is headquartered in New Albany, Ohio. But its client list is national and ever-growing as more and more companies learn of the advantages of third-party collections.
"We function as an extension of your internal collection efforts, so your company can focus on true slow pay accounts. We provide maximum recovery ratios for a minimal fixed fee. We even back that with a 100 percent collection guarantee." Buhr said.
With 25 years of vast collection experience, Buhr knows what works. Particularly with today's business climate and characteristics. Often high-tech and high-speed translates to high-cost. But according to Buhr, not with TekCollect. The organization works with a fixed fee philosophy that actually reduces the credit grantors need for using outside collection resources.
Furthermore, TekCollect works to accelerate slow-paying accounts. The conventional approach to collections is to salvage a percentage of the write-off after deterioration has occurred. But TekCollect enables companies to place accounts earlier in the delinquency cycle, preventing the deterioration that occurs with age. And at a fixed fee of less than 10 percent, costs are minimal and manageable.
"Our goal is to offer the best service at the best rate. And that's why we get the best results," said Buhr.
The conventional agency approach also tends to alienate customers. But by collecting in the early stages of delinquency, debtors respond more positively. That reduces the risk of jeopardizing client relationships and future business. And under Buhr's direction, TekCollect's approach is polished and professional, whether verbal correspondence or written campaign.
"In a time when less business is done face to face, every correspondence is a reflection of your company. So it's critical to approach collections with as much professionalism as persistence."
And it's clearly paid off. TekCollect serves more than 25,000 clients of varying industries, and has collected over $500 million since its inception. And the company boasts a 50% recovery ratio; nearly three times the national average.
High-tech? Maybe not. Progressive thinking? Definitely.
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