Guaranteed Flat Rate Collections

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    Guaranteed Flat Rate Collections - Presentation Transcript

    1. THE TOOLS TO HELP YOU MIND YOUR OWN BUSINES S ® 2009 Transworld Systems Inc. (Rev 1/09) All rights reserved. The Transworld Systems and GreenFlag logos are registered service marks of Transworld Systems Inc. NYC License No. 1155022
    2. Transworld Systems Inc. Company Overview • In business since 1970 • 70,000+ clients • 150 Offices Nationwide • Recovered $2.4 billion* in the last 5 years for companies across all industries including Fortune 500 & 100 Companies • Success rate of more than 4 times that of the industry average** • 24/7 Online account management * Company Average **Based on ACA Statistics ® 2009 Transworld Systems Inc. (Rev 1/09) All rights reserved. The Transworld Systems and GreenFlag logos are registered service marks of Transworld Systems Inc. NYC License No. 1155022
    3. Markets Served • Accounting • Government • Postal Services • Advertising & Marketing Firms • Health & Fitness Clubs • Print Shops • Ambulance Services • Heating & Air Conditioning • Private Schools • Attorneys • Hospitals, Medical & Dental • Professional Athletic Teams • Auto Dealers, Parts Stores & Practices • Restaurants Suppliers • Hotels • Retailers • Banks & Credit Unions • Industrial Manufacturers & • Security Alarm Companies • Cellular Telephone Services Distributors • Telephone/Communications • City, County & State • Insurance Companies & • Trade Schools Governments Agents • Travel Agencies • CPAs • Lawn Care • TV Stations • Colleges & Universities • Libraries • Utility Companies • Construction Companies & • Mail Order Houses • Veterinarians Specialty Trades • Medical Laboratories • Video Stores • Convention Services • Newspapers & Magazines • Waste Management • Fuel Oil Companies • Pest Control • Girl Scout Councils & YMCAs ® 2009 Transworld Systems Inc. (Rev 1/09) All rights reserved. The Transworld Systems and GreenFlag logos are registered service marks of Transworld Systems Inc. NYC License No. 1155022
    4. What Our Clients Have in Common • They extend credit and/or accept checks • They have an individual or entire department devoted to collecting past due accounts internally • They use GreenFlag Profit Recovery as a way to reduce internal expenses & increase cash flow “As a national direct marketer, we faced some very unique challenges in the area of collections. Transworld not only helped us meet these challenges, but helped us exceed our goals in a very cost-effective manner.” Tom Miglino, Vice President – American Mint ® 2009 Transworld Systems Inc. (Rev 1/09) All rights reserved. The Transworld Systems and GreenFlag logos are registered service marks of Transworld Systems Inc. NYC License No. 1155022
    5. Some of our Satisfied Clients Diamond Bank Central AR Surgical Associates Middleton Heating &Air Union Bank Maxillofacial Surgery Russell & LeMay Plumbing Heritage Bank Central AR G.I. Clinic Sanders Plumbing Decatur State Bank AR Neurosurgery Brain and Spine Shannon Hills Pharmacy Citizen’s State Bank Arkadelphia Clinic for Children Sav-On-Drugs Chart Bank Conway Hemotology & Oncology Baker Medical Dewitt Bank and Trust Pulmonary Consultants Baker Health Fidelity National Bank Crawford County Health & Rehab. Home IV Specialists Crossett Paper Mill FCU Sherwood Urgent Care Stotts Pharmacy Arkansas FCU HealthSouth City Drug University of Mississippi W.Gene Jines D.D.S. Hydro-Temp Corporation Southern Arkansas U. The Centre @10 Dental Grp. Tool Central Huntington Learning Ctr. Ashley Jackson Plummer D.D.S. Dreamline Manufacturing Sylvan Learning Center Dr. Stephen Smart Fortier, Inc. Morehouse College Owen Orthodontics Pocahontas Aluminum SATI Software Advanced Tim Chase D.D.S. Superior Spring ® 2009 Transworld Systems Inc. (Rev 1/09) All rights reserved. The Transworld Systems
    6. What the Experts Say “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 “The numbers speak for themselves – recovery of over $230 million dollars with a 53% recovery rate and an ROI of almost 4,000% with a collection cost of 2.5%.” Steve Hellebush, VP of Business Development, Medical Group Management Association “Transworld gets credit for the highest recovery rate in the industry.” Barron’s ® 2009 Transworld Systems Inc. (Rev 1/09) All rights reserved. The Transworld Systems and GreenFlag logos are registered service marks of Transworld Systems Inc. NYC License No. 1155022
    7. Why it Works • We provide the impact of third party for an average of less than $10 per account. • Minimize internal efforts • Preserve your valued customer relationships. • Provide complete 24/7 reporting on all accounts. • Interactive, secure Online Client Portal (OCP) that allows you to submit accounts instantly. ® 2009 Transworld Systems Inc. (Rev 1/09) All rights reserved. The Transworld Systems and GreenFlag logos are registered service marks of Transworld Systems Inc. NYC License No. 1155022
    8. Conventional Two Stage Approach Day 30 Day 60 Day 90 Day 120 Day 150 In-House Statement Statement Statement, Statement, Statement, Efforts Letter #1, Letter #2, Letter #3, Phone Calls Phone Calls Phone Calls Day 180 Out- sourcing Intensive telephone contact and/or legal action at a cost of 25-50% of recovered amounts. According to the Dartnell Institute, the average cost of working an account internally over a six month period is $31.60 per account. ® 2009 Transworld Systems Inc. (Rev 1/09) All rights reserved. The Transworld Systems and GreenFlag logos are registered service marks of Transworld Systems Inc. NYC License No. 1155022
    9. Decrease in Recoverability ® 2009 Transworld Systems Inc. (Rev 1/09) All rights reserved. The Transworld Systems and GreenFlag logos are registered service marks of Transworld Systems Inc. NYC License No. 1155022
    10. GreenFlag Three Stage Approach Conventional Transworld In-House Efforts Collection Systems Methods ® 2009 Transworld Systems Inc. (Rev 1/09) All rights reserved. The Transworld Systems and GreenFlag logos are registered service marks of Transworld Systems Inc. NYC License No. 1155022
    11. GreenFlag Three Phase Approach Current 30 Days 60 Days In-House Statement Statement Statement Efforts Phone Call Phone Call Limit internal efforts to less than $11 per account 90 Days 104 118 132 146 Days Days Days Days Transworld We contact slow paying accounts every 10-14 days – at Systems the client’s direction. Making up to 5 contacts – each progressively stronger. Fixed fee – averaging less than $10 per account. The client controls the process. Conventional 180 Days/Write Off Collection Contingency Based Collections Methods Transworld Systems Collections* * Optional Service Provided ® 2009 Transworld Systems Inc. (Rev 1/09) All rights reserved. The Transworld Systems and GreenFlag logos are registered service marks of Transworld Systems Inc. NYC License No. 1155022
    12. Earlier Start = Recovering More $ According to the U.S. Department of Commerce, the older an account, the harder it is to collect. Fact: Companies wait to take action because they don’t want to pay a percentage and they don’t want to alienate their customer. Fact: GreenFlag is designed to take action early and diplomatically, recovering earlier and maintaining valuable customer relationships. ® 2009 Transworld Systems Inc. (Rev 1/09) All rights reserved. The Transworld Systems and GreenFlag logos are registered service marks of Transworld Systems Inc. NYC License No. 1155022
    13. National Statistics Prove It Transworld Collected Since Transworld does not take a percentage or alienate customers, our clients: 56% (company • Use us earlier average) • Experience a 56% recovery rate • At an average cost of 4 cents per Average Agency dollar collected Collecte d 14% (ACA Average) TSI Cost: According to the American Collectors 4¢ per dollar Average Association, the average collection agency Agency collected Cost: collects less than 14% of all debts assigned at an (company 33% average cost of 33 cents per dollar. average) (ACA Average) ® 2009 Transworld Systems Inc. (Rev 1/09) All rights reserved. The Transworld Systems and GreenFlag logos are registered service marks of Transworld Systems Inc. NYC License No. 1155022
    14. Complete Online Account Management We offer an easy way to transmit or stop accounts! • You will have 24/7 online account management from anywhere in the world. • Complete control to stop, start & suspend accounts • Upload spreadsheets with account information & submit large groups of accounts instantly • Easy to learn-extremely user friendly • Excellent training and support • Complete reporting • Superior online support ® 2009 Transworld Systems Inc. (Rev 1/09) All rights reserved. The Transworld Systems and GreenFlag logos are registered service marks of Transworld Systems Inc. NYC License No. 1155022
    15. Why It Works We recover more because we start earlier. • Fixed fee, early third party intervention • Minimizes internal efforts at less than $10* per account • We work ALL of the accounts the same way, regardless of the size or the balance. • Preserves your valued customer relationships • Provides complete 24/7 report availability on all accounts • Interactive, secure Online Client Portal (OCP) allows you to submit accounts instantly “GreenFlag has collected more than $600,000 for our office in delinquent insurance claims. The collection cost was a mere 1.1%!” Ruby Dust, Administrator Surgery, Inc. in Tulsa, Oklahoma *Company Average ® 2009 Transworld Systems Inc. (Rev 1/09) All rights reserved. The Transworld Systems and GreenFlag logos are registered service marks of Transworld Systems Inc. NYC License No. 1155022
    16. Phase II – Verbal Demands When intensive recovery efforts are required. Phase II - Verbal Demands employs a team of highly trained recovery specialists operating from nationwide call centers. Verbal Demands Phase: • Professional, third party intervention • A more intensive recovery program • No collection, no charge • Offers legal recourse for tough cases ® 2009 Transworld Systems Inc. (Rev 1/09) All rights reserved. The Transworld Systems and GreenFlag logos are registered service marks of Transworld Systems Inc. NYC License No. 1155022
    17. 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 judgment • An attorney will appear in court on your behalf Most Importantly: • If no money or assets are collected, there is NO charge. ® 2009 Transworld Systems Inc. (Rev 1/09) All rights reserved. The Transworld Systems and GreenFlag logos are registered service marks of Transworld Systems Inc. NYC License No. 1155022
    18. Early Intervention with GreenFlag According to the Dartnell Institute, the average cost of working an account over a six month period is $31.60 per account. ® 2009 Transworld Systems Inc. (Rev 1/09) All rights reserved. The Transworld Systems and GreenFlag logos are registered service marks of Transworld Systems Inc. NYC License No. 1155022
    19. Why Do GreenFlag Demands Work? • Return address is from closest contact office debtor which is zip code activated. Local contact! • No company name, only PO Box on envelope which makes it hard to recognize. Gets opened! • Size changes from mailgram to letter size every 10 days. • Return payment envelope & tear off voucher 1st, 3rd, & 5th demands. The only thing we don’t do is lick the stamp for them! • FDCPA Disclaimer on the bottom of the 1st demand for payment. • 3rd party impact! ® 2009 Transworld Systems Inc. (Rev 1/09) All rights reserved. The Transworld Systems and GreenFlag logos are registered service marks of Transworld Systems Inc. NYC License No. 1155022
    20. Alliances/Partnerships Overview In a strategic alliance or partnership: • Both parties bring experience and specific areas of expertise to the relationship. • Both operate at the highest level of professionalism, integrity and are committed to the best interest of the client. • Both share the same goal of providing clients the solutions and tools essential to grow and sustain a profitable business. Transworld Systems currently has partnerships with many notable organizations across the nation. We continually form new alliances and partnerships in an effort to provide our customers with the best service possible. ® 2009 Transworld Systems Inc. (Rev 1/09) All rights reserved. The Transworld Systems and GreenFlag logos are registered service marks of Transworld Systems Inc. NYC License No. 1155022
    21. Contact Info: Contact me for a free A/R analysis in person or via Webinar: Elizabeth Houser 501.954.8021 (Business) 501.765.0569 (Mobile) 501.954.8079 (FAX) elizabeth.houser@transworldsystems.com ® 2009 Transworld Systems Inc. (Rev 1/09) All rights reserved. The Transworld Systems and GreenFlag logos are registered service marks of Transworld Systems Inc. NYC License No. 1155022

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