Fri, 10 Apr 2020 17:51:53 -0700EditMySiteWed, 29 Nov 2017 19:40:54 GMThttp://www.rampworldwide.com/our-blog/investing-in-your-collections-process

​RAMP Worldwide, powered by NCS Companies, is a worldwide accounts receivable management company, and collection consultancy.

Partnering with a worldwide collection partner, believe it or not, is about retaining control of your company's receivables. I know, at first glance, this does not make a lot of sense. If I am giving up on trying to collect from a past due customer and send the account to a collection agency, how is that retaining control of the receivable?

By partnering with a trusted collection firm (one that works within your industry, for like minded companies or competitors) you are making an investment into your company's most important asset, its accounts receivable.

You are committing to being paid on your terms, and showing your customer that you are serious about payment.

In our daily workflow here at RAMP Worldwide we are acting as an extension of our client's credit and collection function. We are not supplanting our client's in house collection efforts, but rather augmenting those functions by bringing the leverage of a third party dynamic. A dynamic that is impossible to replicate through your own house collection effort.

What is this dynamic?

1. An objective and unemotional dedication of resources whos sole function is the pursuit of payment in full. 

2. A third party collection vendor is untethered by the many other internal responsibilities an accounts receivable department has on a daily basis. Again, focus is solely on collections.

3. Once a delinquent customer is escalated to a third party for recovery the stakes inherently change. A professional approach by the third party collection vendor will be in an assertive manner with an eye towards bringing the customer current, and getting them buying from you once again.

4. Employing a qualified/trusted collection vendor can be as much about retaining the customer, as it is about getting paid on a past due balance.. Helping to repeat sales. As we all know, the most profitable sale is the repeat sale.

5. Upwards of 25% of the cost of doing business can be attributed to inefficiencies. Is it not inefficient to continuously pursue unresponsive customers or customers who do not come through on promises? A dedication of these internal resources will have a trickledown effect and impact keeping control of your fresher receivables.

6. By partnering with a trusted collection vendor you can be lowering those inefficiencies and streamlining your collection process.

7. By outsourcing your most problematic and pain point receivables, you are creating efficiencies and driving home the message that you are in control, are serious about payment, and you want to be paid on your terms.

Using the resources of an outsourced collection vendor has nothing to do with giving upon your customer or losing control of your receivable. The opposite is actually in effect. Control is maintained, inefficiencies are reduced, DSO's are lowered, and net back on dollars are in line to substantially increase.

Engaging a vendor for collections should not have to be that costly to your bottom line. With a reputable qualified collection vendor, contingency fees for a successful collection should fall into the 15%-30% range, so your company is not taking a costly " haircut" on revenue.

​Think of it this way, for delinquent customers that never pay, go stale, and out of business....the fee is 100%.]]>Wed, 29 Nov 2017 19:35:28 GMThttp://www.rampworldwide.com/our-blog/all-faiths-food-bank-skip-a-lunch-program

​We want to share a cause that is very important to RAMP and our community. I sincerely hope you take a minute and learn more about the Campaign Against Summer Hunger and All Faiths Food Bank.

21,000 Kids (50%) in Sarasota County are on free or reduced lunch during the school year.
During the summer, when school is out, those kids may go without regular meals. We are encouraging residents to "empty their shelves" and make a cash gift so no child in our community goes hungry.

Here are ways you can help:
Please forward this post to your friends and gather more support
Visit www.SkipALunch.org and share on Facebook
Go to www.SkipALunch.org to donate
Find Drop Off Locations for Food at www.SkipALunch.org

It is so easy to donate. Every dollar donated will help feed a child. 
Thank you for your help!]]>Wed, 29 Nov 2017 19:31:22 GMThttp://www.rampworldwide.com/our-blog/ramp-receivable-asset-management-professionals

​RAMP Worldwide, powered by NCS Companies, is a worldwide accounts receivable management company, and collection consultancy.

RAMP is currently offering some excellent back office solutions to assist in daily finance, credit, and human resource needs.
 
What can RAMP do for you?

Statement Services and Invoicing!
Working through your software and accounting interface, like Quickbooks, we will create and monitor your billing process. You retain complete control of the receivable and retain 100% of payments made, while we save you money.

Merchant Credit Card Processing!
Providing our clients with wholesale credit card processing rates, and a full suite of merchant services. RAMP will complete a full analysis to show you how we can save our clients processing fees, and upgrade your current abilities to accept payments. Payment Gateways, Mobile Payments, ACH, etc.....

Background Checks!
RAMP can run full background checks on individuals and businesses. Commercial business reports to gain insight on a complete business profile while individual reports can be used to monitor and assist in the employment and credit granting process.

Commercial Credit Reports/Monitoring Services!
Providing in-depth credit and business profile reports to determine a customer's ability to pay you in terms. RAMP can also monitor your current customers and alert you when their credit profile has changed. 
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Please call us at 800-836-2655 x 214 or email us at info@ncscompanies.com for pricing.]]>Wed, 29 Nov 2017 19:17:52 GMThttp://www.rampworldwide.com/our-blog/international-debt-collections

​Partnering with an experienced worldwide debt collection partner can help reduce DSO's, and bring back control of problematic receivables domestically as well as in foreign countries. 

RAMP Worldwide works with many clients who have customers throughout the world. Whether it is our Hospitality clients, Tech Advertising clients, Market Research clients,or Media clients, they have customers throughout the world in EMEA, APAC, Americas, etc....that eventually end up in collections.

Through our relationship with the American Lawyers Quarterly, our team is able to leverage legal assistance to make local demand on our clients past due customers. 

When making demand and collecting funds in foreign countries it is imperative that there is an underlying knowledge of local customs and traditions. Being aware of these customs and traditions from country to country enables the team here at RAMP to represent our clientele professionally and proactively. This goes a long way towards getting our client paid in a timely fashion, and get that customer back buying again from our client.

Through our partnership with Experian, we also have the ability to provide credit checks on both domestic and international companies. This gives our clients a glimpse into the probability of payment when offering credit to potential customers.

RAMP Worldwide, powered by NCS Companies, is a worldwide debt collection consultancy.

​The team at RAMP is proud to be in our 22nd year of working together and serving best in brand worldwide corporations.]]>Wed, 29 Nov 2017 19:05:02 GMThttp://www.rampworldwide.com/our-blog/1st-party-collections

​Almost 5% of new hires leave a job after the first day, and close to 25% of turnover occurs in the first 45 days. This type of attrition costs a company 3x the former employees salary, according to an industry study by Deloitte.

By leveraging our 1st party collection team on a portion or all of your company's A/R, acompany can save over 35% off the cost of on boarding new internal employees. The advantage can be felt immediately with reduction of overhead, and an increase incollection bandwidth and touches on your A/R. 

Plus, you get the collection pro's as an extention of your internal process and workflow.
Ask about the costs, and how we can tailor a program to meet your needs.
​
Many mandates can be met, and many problems can be solved for a minimal monthly cost.]]>