With the economy in its current state, we know that businesses of every size and industry are struggling, and this is exaggerated by unpaid accounts
Kansas City, MO (PRWEB) September 9, 2009
CollectionTree.com, the leading provider of online debt collection management services, today announced the release of a new, updated solution that offers organizations in all industries the ability to quickly collect their bad debt.
Organizations of all sizes are signing up with CollectionTree, the leading provider of online debt collection services, for help with their bad debt. This web-based offering matches each customer with the best collection agency or legal firm for their bad debt type, and then provides detailed metrics that give a new level of visibility into the collection process.
"With the economy in its current state, we know that businesses of every size and industry are struggling, and this is exaggerated by unpaid accounts," says Ryan Neuweg, CollectionTree founder. "Our solutions can help revive hurting companies by ensuring that their accounts receivable stay current."
In addition to helping small businesses, CollectionTree understands the specific pain that manufacturers are feeling. As such organizations pay upfront for raw materials, every unpaid account intensifies cash flow problems, which are more difficult to bear in the present economic downturn.
Many websites claim to assist businesses and manufacturers with their bad debt placement, but most are simple lead generators that merely collect information and bring companies to the highest bidding collection agency.
In contrast, CollectionTree helps clients manage the entire collection agency relationship by identifying the best collection agency based on company-specific metrics that are not tied to a bidding or advertising process. The solution provides increased value through account updates and ensuring that funds are dispersed correctly.
Additionally, CollectionTree certifies and audits every collection agency and law firm it works with -- a list that's growing rapidly. This is significant, as every additional agency brings its own expertise that enhances how CollectionTree matches customers and collection agencies.
"Nearly every collection agency that hears about what we do is eager to join us because they know our process makes sense," Neuweg says. "This growing list of partners increases the benefits we're able to offer our customers, by ensuring that they're matched with the company that best meets their specific debt collection needs."
As experts in the collection industry, the creators of CollectionTree identified a distinct business problem and produced a convenient online solution. Located in Kansas City, Missouri, CollectionTree developed a patent-pending platform with a mission to give businesses power over their bad debt while maintaining simplicity, efficiency and integrity.