Additional Services
In House Recovery Program
Morgan, Cohen & Bach represents some of the largest companies in the world. For decades we have watched companies create internal in-house policies and procedures. Some good, some bad. We wish to save our clients from making the same mistakes and provide additional techniques they may not already employ.
We offer a full in-house policy that includes:
The unique thing about this service is it provides you sample/examples of language to cover aspects of your agreement, which may not have been accounted for, like the ability to to add collection fee’s and interest to your accounts, or right of venue if account becomes delinquent. It also provides for a guarantee holding the individuals personally responsible for any debt they incur with your company.
We offer a full in-house policy that includes:
- Sample Letters - Each letter is custom drafted to fit the stage of the account.
- Scripts - Educational tools for our client as to what should be said and asked on each phone call to put them in the best position of recovery.
- Time Table of Action - This tells you what action, phone call and letter should be made in each stage.
- Credit Application - Quite often, sales are completed in the “excitement of the moment” and the details surround the terms of doing business get glanced over. Many times these companies do not have the financial stability to support the lines of credit they are extended. Collecting valuable data at the inception of business is data that may protect you at a later point.
The unique thing about this service is it provides you sample/examples of language to cover aspects of your agreement, which may not have been accounted for, like the ability to to add collection fee’s and interest to your accounts, or right of venue if account becomes delinquent. It also provides for a guarantee holding the individuals personally responsible for any debt they incur with your company.
Free Demand Letters.
Do you have a customer that is avoiding you, breaking promises, or disingenuous about their intentions to pay? Is it an account that you think would pay if they just had a little extra incentive to do so? Our free demand letters maybe be your solution. We send a letter to your customer, not just demanding payment, but letting them know that you have globally recognized mediation professionals just days away from pursuing the balance owed to you. We have found companies that are on the “fence” about paying our clients, will suddenly want to resolve the balance within the demanded terms. This letter serves as is a final chance to resolve this before MCB begins recovery action the day after the demand expires if they have not paid you what is owed.
Aging Analysis
We are available to assist in training our clients to understand A/R management from 31 days past due and beyond. This ensures minimal losses and calculated cash flow to keep your business profitable and growing. We also can give you a step by step action plan for each of your aging accounts. This works to produce great results when coupled with our in-house recovery program.
Customer Profile Search
Morgan, Cohen & Bach has dealt with thousands of debtors in many different industries. We have the unique ability to take an existing or potential customer that you may have concerns about and process them through our database to help you determine whether or not the customer is a risk.
Morgan, Cohen & Bach uses a number of data elements to assess a company's short-term probability of default. The core of the assessment is comprised of data points from many categories:
Morgan, Cohen & Bach uses a number of data elements to assess a company's short-term probability of default. The core of the assessment is comprised of data points from many categories:
- Financial Ratings - Based on a company's consolidated financial figures.
- Payment Incident Ratings - Derived from statistical scores.
- Company Identity Data - Including company age, location, line of business, employees, court rulings, etc.
- Financial Lines Adjustments - Taking into account the company's ultimate parent.
- Trend Behavior - Based on the history of a company's delinquencies.
