AmeriProducts

Your business is unique and your agency should be large enough to fulfill your needs, but effective enough to complete the task. If it has to do with receivables then it has to do with American Agencies.

Purchasing

American Agencies acquires, manages and liquidates portfolios of defaulted receivables from credit originators including lenders, finance companies, telecommunication companies, hospitals and other medical providers.

AmeriFind – Where Are They Now?

At any given time, millions of dollars in consumer debt are in delinquency. Credit issuers and their third party collection partners can expect to retrieve just a fraction of what is owed. Both the creditor and agency partner continue to find ways to reach out to our mobile society in hopes of increasing recoveries.

The key of course is locating the account holder. Currently, 35% of delinquent debtors move annually, and half of all accounts received for collections require some form of skip tracing.

Aside from American Agencies specially trained collection agents that utilize various desk top skip tracing tools including Accurint, American Agencies has developed AmeriFind. AmeriFind can batch thousands of accounts at one time through its business partners to locate other known addresses and individuals associated with your initial address input. Skip tracing will help locate a debtor and lead to higher recovery!

AmeriFind is extremely valuable in the Education business segment as well as other portfolios that have extremely mobile debtor base. Our services include receiving your defaulted portfolio with debtor name and address and allowing us to manage this information and report back to you as changes or updates occur.

AmeriScore – All Accounts Are Not Created Equal

As your collection portfolio grows, decisions need to be made as to where your head count energy should be applied. You have to determine if you will service all delinquent accounts or if energy should be applied to those borrowers that will have a higher propensity to pay. At American Agencies, AmeriScore will assist you in determining what accounts should have a higher degree of collection effort due to the debtors credit and financial situation. The scores are provided by applying over 300 financial attributes to the debtor. An outcome or score is given to the account. The scoring element will allow you to make sound financial collection decisions and allow you to focus on accounts that have the means to pay opposed to those that have will continue to carry the debt and avoid any type of payment to you.

Consulting Services – Invoice to Cash and Beyond

At American Agencies, we pride ourselves in the management team that we have hired. Over hundreds of years of account receivable management, debt recovery, collections, invoice management, credit reporting and A/R retro analysis experience is available to our clients. Our goal is to improve your profitability. American Agencies will work with your management team to do “best practice” A/R analysis so you can be assured that your internal processes are strategic in nature, well documented to support credit and collection tactics and supportive to reaching your financial goals. Consulting rates vary from flat hourly rates to weekly or monthly engagements.

Q-Push – Quarterly Public Earnings Reports

Alternative workflow processes provided by American Agencies that will provide critical accounts receivables oversight during end of quarter and end of fiscal year:

• Improving Days Sales Outstanding (DSO) by adhering to agreed-upon credit terms and accelerating payment within terms.

• Managing your AR Aging and Roll Rate (accounts moving from 30 to 60 days, 60 to 90 days, etc.) to avoid higher write-offs.

• Cure Program: This program allows our clients to place the delinquency portion ONLY, of a delinquent account, not the full balance. Our job is to bring the account current (“curing” the delinquency) to get the debtor back into your regular billing.

• Pre-Collection Program: (Virtual Clerk) We will send letters on your letterhead, and all payments will be directed to you. In addition we provide telephone follow-up, letters, or a combination of the two.

I want to let you know how pleased my staff is with American Agencies. We have seen a substantial increase in the amount of fees recovered through collections. My bookkeeper raves about how helpful and responsive your staff is to phone calls and emails. She finds the online program very easy to use from initial setup to the transferring of the second phase of collections, to the reporting of payments.