Green Flag Profit Recovery Presentation
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GreenFlag Profit Recovery is an extremely affordable revenue cycle management tool. It\'s a perfect compliment for your in house accounts receivable process.
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- 1. The tools to help you MIND YOUR OWN BUSINESS
2. Transworld Systems Inc.
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- Were in the business of profit recovery. We lead the industry
in providing businesses with better tools for recovering bad debt
and accounts receivables. Weve been proving it to our customers,
including many Fortune 500 companies, since 1970. Let us prove it
to you.
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- Last year, we recovered $700 Million for an average of $10.00
per account.*
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- Our success rate is more than triple that of the industry
average.**
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- Providing local impact with over 150 offices coast to coast.
*Company average. **Based on ACA statistics.
3. Some of the Industries Using GreenFlag Profit Recovery
Services: Heating and Air Conditioning Services Ambulance services
Florists Newspapers andMagazines Cellular Telephone Services
Professional Athletic Teams Printing Shops Wholesalers &
Retailers Fuel Oil Companies Girl Scout Councils & YMCAs
Security Alarm Companies Veterinarians Trade Schools CPAs Private
Schools Attorneys Auto Dealers Banks and Credit Unions Industrial
Manufacturers and Distributors Travel Agencies Libraries Video
Stores Hotels Clothing Manufacturers Pest Control Colleges and
Universities Advertising and Marketing Firms Convention Services
City, County & State Governments Mail Order Houses Utility
Companies Hospitals, Medical & Dental Practices TV & Radio
Stations 4. 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.
5. What the Experts Say
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- ...a long term proven record of being able to deliver twice the
normal recovery rate at a fraction of the normal cost.
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- Transworld gets credit for the highest recovery rate in the
industry.
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- 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.
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- Our Better Business Bureau has partnered with Transworld to
offer our members the valuable benefit of increased cash flow
through cost-effective debt collection.
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- Better Business BureauSouthern Piedmont/Charlotte
6. 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
7. Accounts Receivable Analysis Business Name :
____________________ Phone # :__________ Contact Person :
____________________ Date :__________ Internal Procedures: How is
billing accomplished? ____Computerized _____ Manual Is your staff
familiar with the laws that regulate collections?___ Yes___ No What
is your billing cycle?___Monthly___ Weekly___DailyHow Many? ____
How many bad checks do you get monthly/weekly? ____ How many
now?______ Avg. Balance?______Do you redeposit checks? Y/NAmt.
Service Charge? ______ Follow Up Procedures: Collections Efforts:
Do you use a collection agency/attorney? After what time period?
What is their recovery rate? What do they charge? 8. Conventional
Collection Approach Typical In-House Collection Efforts
Conventional Contingency Collection Agency or Attorney 9. GreenFlag
Three Phase Service 10. Start Early - Recover More 11. National
Statistics Prove It
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- 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.
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- 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) 12. Convenience
Counts
- GreenFlag offers you three ways to transmit or stop
accounts:
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- Qualified clients can submit accounts via our web site at
www.transworldsystems.com
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- Account Management Software
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- Transmit accounts using our windows- based recoverymanagement
software
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- Transmit accounts via mail
13. Getting Better Results
- We recover more because we start earlier.
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- We recover more than traditional agencies because:
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- We work ALL of the accounts the same way, regardless of the
size or the balance.
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- Most percentage-based agencies work only the accounts with
higher balances that are the most cost effectivefor them, leaving
the smaller balances uncollected.
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- Our fixed fee, diplomatic service allows you to have us get
started early in the process with the increased impact of third
party intervention.
14. Client Options Flow 15. Verbal Demands
- When intensive recovery efforts are required
- GreenFlag Verbal Demands employs a team of highly trained
recovery specialists operating from nationwide call centers.
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- Turns up the heat on overdue accounts
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- You pay only for what is recovered
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- Offers legal recourse for tough cases
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- Handles the types of accounts other agencies ignore as
un-collectable.
16. 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.
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- Pay attorney fees, service or process fees
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- Pay any other fees necessary to satisfy a judgement
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- An attorney will appear in court on your behalf.
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- If no money or assetsare collected, there is no charge.