5. Satisfied Clients in Your Area Enter Client Name Enter Client Name Enter Client Name Enter Client Name Enter Client Name Enter Client Name Enter Client Name Enter Client Name Enter Client Name
6. What the Experts Say “ 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 “ 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 “ Transworld gets credit for the highest recovery rate in the industry.” Barron’s
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8. Conventional Two Stage Approach According to the Dartnell Institute, the average cost of working an account internally over a six month period is $31.60 per account. In-House Efforts Out- sourcing Statement, Letter #3, Phone Calls Statement, Letter #2, Phone Calls Statement, Letter #1, Phone Calls Statement Statement Day 150 Day 120 Day 90 Day 60 Day 30 Intensive telephone contact and/or legal action at a cost of 25-50% of recovered amounts. Day 180
10. GreenFlag Three Stage Approach In-House Efforts Transworld Systems Conventional Collection Methods
11. GreenFlag Three Phase Approach In-House Efforts Transworld Systems Conventional Collection Methods 180 Days/Write Off Contingency Based Collections Transworld Systems Collections* * Optional Service Provided Limit internal efforts to less than $11 per account Statement Phone Call Statement Phone Call Statement 60 Days 30 Days Current Fixed fee – averaging less than $10 per account . The client controls the process. We contact slow paying accounts every 10-14 days – at the client’s direction. Making up to 5 contacts – each progressively stronger. 146 Days 132 Days 118 Days 104 Days 90 Days
12. Start Early – Recover More 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. According to the U.S. Department of Commerce, the older an account, the harder it is to collect .
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