Accounting Industry

Sometimes an outside negotiator who knows what they’re doing makes the difference ...

CollectITs was engaged by a large multi-national accounting firm after the firm had spent two years chasing money owed by one of their clients.

CollectIT negotiated with the debtor and came up with a satisfactory solution.

Result: The debtor is repaying their outstanding debt at the amount of $2,000 per month. The total amount owing was $44,000. CollectIT’s client is thrilled.

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So many outstanding accounts you don't know where to start?

CollectIT's client (an Accountant) had a pile of files that he had not been paid for and was procrastinating about whether to pursue them or not. He decided he had nothing to lose by sending them in to CollectIT and so forwarded 11 files. 

Result: Within the first 3 days one file was paid. By the end of the first week another file had been paid. After CollectIT had been working the files for only 6 weeks, 6 out of the 11 files had been paid and closed. This amounted to $10,500 for the Accountant - definitely worth his while getting CollectIT involved! And because the accountant had terms of trade with each of his clients, using CollectIT's services has cost him $0!

Of the remaining 5 files, 3 went through court.  Judgment was obtained in our clients favour and these debts have been settled in full or the debtor is repaying as per the court order.  The other 2 files are still being pursued by CollectIT.

Our client is $15,500 better off and very happy with CollectIT's services and results.