Collections. An eleven-letter word that makes the hair stand up on the back of your neck? Or a convenient, safe, and dependable way to make sure your receivables make it to your bank, without leaving your desk? You decide! We have, and we MUCH prefer the latter!
For many years, the word “collections” in the financial realm was akin to harassing phone calls, or someone coming to your house in the night to reverse-pimp your ride (not to be confused with Pimp My Ride), after you’d missed a payment or three.
Now, however, collections are taking on a new meaning across the Receivables landscape. There are collections as in collection centers, where you can pay your electric bill at the grocery store, but today, we’re focusing on the kind where you don’t have to drive ANYWHERE!