Post on 12-May-2015
description
The tools to help you
MIND YOUR
OWN BUSINESS
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Transworld Systems Inc.– We’re in the business of profit recovery.
We lead the industry in providing businesses with better tools for recovering bad debt and accounts receivables. We’ve been proving it to our customers, including many Fortune 500 companies, since 1970. Let us prove it to you.
– Last year, we recovered $700 Million for an average of $10.00 per account.*
– Our success rate ismore than triple thatof the industryaverage.**
– Providing local impactwith over 150 officescoast to coast.
*Company average.
**Based on ACA statistics.
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Heating and Air Conditioning Services
Ambulance services
Florists
Newspapers and
Magazines
Cellular Telephone Services
Professional Athletic Teams
Printing Shops
Wholesalers & Retailers
Fuel Oil Companies
Girl Scout Councils & YMCAs
Security Alarm Companies
Veterinarians
Trade Schools
CPA’s
Private Schools
Attorneys
Auto Dealers
Some of the Industries Using GreenFlag Profit
Recovery Services:Banks and Credit Unions
Industrial Manufacturers and Distributors
Travel Agencies
Libraries
Video Stores
Hotels
Clothing Manufacturers
Pest Control
Colleges and Universities
Advertising and MarketingFirms
Convention Services
City, County & StateGovernments
Mail Order Houses
Utility Companies
Hospitals, Medical & Dental Practices
TV & Radio Stations
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What Our Clients Have in Common
• They extend credit and/or accept checks.
• They most likely have an individual or an entire department devoted to collecting past due accounts internally.
• They all use GreenFlag Profit Recovery service to minimize bad debt losses.
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What the Experts Say
– “...a long term proven record of being able to deliver twice the normal recovery rate at a fraction of the normal cost.”
» Shearson Lehman
– “Transworld gets credit for the highest recovery rate in the industry.”
» Barron’s
– “The Company has a collection rate of well over 50%. The typical collection firm gets only 20% and keeps 25% to 50% of recovered funds.”
» Fortune Magazine
– “Our Better Business Bureau has partnered with Transworld to offer our members the valuable benefit of increased cash flow through cost-effective debt collection.”
» Better Business Bureau Southern Piedmont/Charlotte
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What We Do For You
• For an average of less than $10.00 per account, we provide the impact of third party intervention.
• Minimize internal efforts, dramatically reducing our clients’ costs.
• Preserve your valued customer relationships.
• Minimize the risk of accidental violations of state and federal collection laws and/or harassment suits through the use of a hold harmless agreement.
• Provide complete monthly reporting on all accounts.
“Girl Scouts of San Jacinto Council is the second largest council in the U.S. Our major fundraiser is selling cookies. We use these funds for scout programs such as day camps and troop activities. For over 12 years, Transworld Systems has provided a diplomatic assistance, gently reminding people to send in their payments. Thank you, Transworld, for helping us keep our programs running.”
-Amy Thibodeaux, VP Finance, Houston, TX
Girls Scouts San Jacinto Council
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Conventional Collection Approach
Day 30 Day 60 Day 90 Day 120 Day 150Statement Statement Statement
Letter #1Phone Calls
StatementLetter #2Phone Calls
StatementLetter #3Phone Calls
*According to the Dartnell Institute, the average cost of working anaccount internally over a six month period is $31.60 per account.
Day 180
Intensive Telephone Contact and/or Legal Action at a cost of 25-50%of recovered amounts.
Typical In-House Collection Efforts
Conventional Contingency Collection Agency or Attorney
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GreenFlag Three Phase Service
Phase 1 - Written Demands
We contact your debtors every 10-14 days, at your direction, intensity increasing with each demand. You control the entire process. You choose the approach: diplomatic or firm. All recovered money is paid directly to you. You gain the added benefit of third party intervention.
Day 0-60
Day 60-75
Day 90 Day 105 Day 120 Day 135
Internal efforts
GreenFlag First Demand - Courtesy Notice
Second Demand
Third Demand
Fourth Demand
Fifth and Final Demand
Special Feature: When the account is paid in full, a courtesy Thank You letter can be sent on your behalf at no charge to you.
Phase 2 - Verbal Demands Phase 3 - Legal Options
Turns up the heat on overdue accounts Brings direct communication to bear on those that owe you money.
Value added assistance in tough legal cases.
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Start Early -Recover More
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National Statistics Prove It
– According to the ACA International, the average collection agency collects less than 14% of all debts assigned at an average cost of 33% per dollar collected.
– Our clients experience a 56% recovery rate at about a cost of approximately 7 cents per dollar collected.
TSI Collected 56%
(company average)
TSI Cost:
7¢ per dollar collected
(company average)
Average Agency
Collected 14%
(ACA Average)
Average Agency Cost:
33%
(ACA Average)
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Convenience Counts• GreenFlag offers you three
ways totransmit or stop accounts:– Interactive Web Site
• Qualified clients cansubmit accounts viaour web site at www.transworldsystems.com
– Account Management Software
• Transmit accountsusing our windows-based recovery management software
– Transmittal forms • Transmit accounts
via mail
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Getting Better Results• We recover more
because we start earlier.– We recover more than traditional
agencies because:• We work ALL of the accounts the same
way, regardless of the size or the balance.
• Most percentage-based agencies work only the accounts with higher balances that are the most cost effective for them, leaving the smaller balances uncollected.
• Our fixed fee, diplomatic service allows you to have us get started early in the process with the increased impact of third party intervention.
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Client Options Flow
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Verbal Demands• When intensive recovery
efforts are required• GreenFlag Verbal Demands employs a
team of highly trained recovery specialists operating from nationwide call centers.– Verbal Demands Phase:
• Turns up the heat on overdue accounts• You pay only for what is recovered• Offers legal recourse for tough cases• Handles the types of accounts other agencies
ignore as un-collectable.
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Legal Options• Making the difference in the
toughest cases:• GreenFlag Legal Options can make a
difference where court action is warranted, and there are assets that can be recovered. – Legal Options Phase:
• Cause suit to be filed• Pay all court costs• Pay attorney fees, service or process fees• Pay any other fees necessary to satisfy a
judgement• An attorney will appear in court on your behalf.
– Most Importantly:
• If no money or assets are collected,there is no charge.