Coface Accounts Receivable Express (CARE)
Timely and efficient collection action is the key to keeping receivables in check and avoiding unnecessary aging of accounts. Too often, receivables are left inactive, waiting to be called and followed up on because the in house staff is overwhelmed or short staffed. That's why we designed the CARE system to help your business avoid and manage these still very collectible 60, 90 and even 120 day delinquent accounts from turning into complete contingency collections where agency fees often exceed your profit margin.
CARE is a low-cost internet based solution to help you quickly recover accounts less than 120 days old.
The CARE program includes the following features:
- A low fixed fee per account. Collects any account on your books regardless of the balance or debtor location. Coface's fees average less than 5 cents on the dollar collected.
- CARE is an internet based collection program, combining Coface's historic collection effectiveness with the speed of the internet for increased recoveries.
- The reputation and goodwill of your organization are maintained at all times.
- Skilled prefessional collectors using predictive dialers will conduct multiple debtor call campaigns including evenings and weekends when necessary.
- Some CARE programs feature high impact demands that direct all primary phase payments to Coface for processing and administration.
- Custom account auditing is available at no additional fee to stimulate payment and minimize debtor alienation.
- Coface provides status reports to credit bureaus nationally during the secondary phase on all debtors assigned the CARE program. Debtors are advised that this information will become permanent public record available to all creditors.
- Ask a Coface reprentative about our value added CARE Free Replacement Program.
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CARE Terms and Conditions
Coface Collections customized solutions are designed to provide our clients with several outsourcing options for management of their invoices and claims. Our solutions concern any receivables whether they are small or large, domestic or export. It ranges from the management to the purchase of overdue receivables.