WHAT STARTED IT
At my time at Deloitte & Touche with enterprise clients, the idea of bad debt seemed like bad karma. Of a promise made but not kept, of a word given but not honored.
We address the issue of tens of millions of dollars building up over three, four or five years unattended and written off in Finance's bottom draw. To this, we add real options for people to resolve the unpaid debt plus provide a set of tools to get them back to financial fitness in a socially responsible manner.
We created Project Bad Debt for enterprise clients that we run for you.
1. Identify the past 5 years charged off bad debt that is no longer being worked on
2. Align automated outreach and escalation messaging, settlement discounts and acceptable payment plan parameters
3. We take it from there using our inhouse proprietary First Party overdue bad debt platform to communicate via texts and emails to negotiate options and find solutions to getting you paid and the client's financial fitness back on track
+ % Lowered Provision Reserve
x PE Multiple
No cost, a shared upside model
No heavy lifting, our team executes for you
No impact on your existing business process
Options to remedy
NO PROJECT COST.
YOU KEEP THE MAJORITY OF THE RECOVERY.
YOU HELP PRIOR CLIENTS GET BACK ON TRACK.
We fund the project & communication costs and you get to keep the majority of the recovery plus the value that is created.
Its a shared upside costing model.
NO IMPACT ON BACK OFFICE
Nothing to implement or effect your existing back office or process. Project Bad Debt is a defined stand alone 5 week project that we run with your oversight for intelligent First Party receivables using our proprietary automated platform.
Real options to solve (settlement discounts, counter offers, start low payment plans) tools to get back to financial fitness and be socially responsible.
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