Credit Management Outsourcing

Reasons why companies outsource the credit management function:  
1. Fluctuations in business make it unwise to staff up for peak periods.
2. Sophisticated, leaner organizations often choose to concentrate on their core competencies.
3. Smaller companies cannot afford expert, in-house credit management, yet have critical need.
4. Newer companies still feeling their way need both the expertise and efficiencies of outsourcing.

Rand Assoc.
3256 Hwy. 255 South  Cleveland, GA 30528 800-699-6910

We’re told that Rand Associates ‘invented’ outsourcing of the credit management function with our founding in 1981.  Cash flow is the life’s blood of a company. And, professional credit management is needed to properly analyze credit worthiness of new accounts, and keep cash flowing through the timely collection of AR balances. High days-sales-outstanding figures not only cost companies on a current basis, they often have to borrow funds to finance their operations.  In this double-whammy the time value of their past dues is lost, and the interest on the borrowed funds becomes an additional payable.

Rand Associates can provide your company with expert assistance in the management of your accounts receivable asset.  This might take the form of simply augmenting your day-to-day cash flow by following up on all or part of your account load.  We identify as being with your company, and your customers never know that the courteous reminders are coming from a third party. At the far end of the spectrum, Rand can function as your entire credit department, performing all of the necessary functions to protect your business and keep your cash flowing.

Rand Associates provides these much-needed services extremely cost effectively.  Not only do clients accrue a level of expertise they could not otherwise economically afford, but there are no personnel to contend with and manage, with all the attendant employee benefits, plus other legal and ethical concerns.

Outsourcing, for many industries and across many business functions, has since come into vogue. Now, companies of every size routinely use outsourcing to allow functions like credit management and collections to operate at uniformly high levels of efficiency even though their business may be expanding and/or contracting following drastic swings in the economy.

Take advantage of a discovery session with Rand executives, free of cost or obligation, to see just how effective we might be for you. If your need is critical, call us today.  Otherwise, drop us a note, requesting the level of response you desire. We’ll look forward to hearing from you.