Genericpresentation30dayterms

22
® 2007 Transworld Systems Inc. (Rev 11/07) All rights reserved. The Transworld Systems and GreenFlag logos are registered service marks of Transworld Systems Inc. NYC License No. 1155022 THE TOOLS TO HELP YOU MIND YOUR OWN BUSINESS

description

If you have 30 day terms and bill clients monthly you probably experience anywhere from 3 to 10% delinquency

Transcript of Genericpresentation30dayterms

Page 1: Genericpresentation30dayterms

® 2007 Transworld Systems Inc. (Rev 11/07) All rights reserved. The Transworld Systems and GreenFlag logos are registered service marks of Transworld Systems Inc. NYC License No. 1155022

THE TOOLS TO HELP YOUMIND

YOUR OWN

BUSINESS

Page 2: Genericpresentation30dayterms

® 2007 Transworld Systems Inc. (Rev 11/07) All rights reserved. The Transworld Systems and GreenFlag logos are registered service marks of Transworld Systems Inc. NYC License No. 1155022

Transworld Systems Inc.

Company Overview

• In business since 1970• 60,000+ clients• 100 Offices Nationwide• Recovered $2.4 billion* in the last 5 years for companies

across all industries including Fortune 500 & 100 Companies• Success rate of more than 4 times that of the industry

average**• 24/7 Online account management

* Company Average**Based on ACA Statistics

Page 3: Genericpresentation30dayterms

® 2007 Transworld Systems Inc. (Rev 11/07) All rights reserved. The Transworld Systems and GreenFlag logos are registered service marks of Transworld Systems Inc. NYC License No. 1155022

What the Experts Say

“The numbers speak for themselves – recovery of over $230 million dollars with a 53% recovery rate and an ROI of almost 4,000% with a collection cost of 2.5%.” Steve Hellebush, VP of Business Development, Medical Group Management Association

“The company has a collection rate of well over 50%. The typical collection firm gets only 20% and keeps 25% to 50% of recovered funds.” Fortune Magazine

“Transworld gets credit for the highest recovery rate in the industry.” Barron’s

Page 4: Genericpresentation30dayterms

® 2007 Transworld Systems Inc. (Rev 11/07) All rights reserved. The Transworld Systems and GreenFlag logos are registered service marks of Transworld Systems Inc. NYC License No. 1155022

Markets Served

• Accounting• Advertising & Marketing Firms

• Ambulance Services• Attorneys• Auto Dealers, Parts Stores & Suppliers

• Banks & Credit Unions• Cellular Telephone Services

• City, County & State Governments

• CPAs• Colleges & Universities• Construction Companies & Specialty Trades

• Convention Services• Fuel Oil Companies• Girl Scout Councils & YMCAs

• Government• Health & Fitness Clubs• Heating & Air

Conditioning• Hospitals, Medical &

Dental Practices• Hotels• Industrial Manufacturers

& Distributors• Insurance Companies &

Agents• Lawn Care• Libraries• Mail Order Houses• Medical Laboratories• Newspapers & Magazines• Pest Control

• Postal Services• Print Shops• Private Schools• Professional Athletic

Teams• Restaurants• Retailers• Security Alarm Companies• Telephone/

Communications• Trade Schools• Travel Agencies• TV Stations• Utility Companies• Veterinarians• Video Stores• Waste Management

Page 5: Genericpresentation30dayterms

® 2007 Transworld Systems Inc. (Rev 11/07) All rights reserved. The Transworld Systems and GreenFlag logos are registered service marks of Transworld Systems Inc. NYC License No. 1155022

Satisfied Clients

EntravisionCitizens Bank Visiting Nurse AssocTruGreen ChemlawnUnion Bank of CACAIN Fence Co.Texas Gas ServiceCPS EnergyHilton HotelsCity of Corpus ChristiFirst National BankUniversity of PhoenixRooms To GoMid Tex of MidlandFirst Light FCU

Southwest X-RayDrake UniversityFirst Federal BankMarriott CorporationDoral Golf ResortColdwell BankerSYSCO FoodsVA Medical CentersFergusonClearchannelUnivisionComfort KeepersGreater El Paso CUBank of the WestGulf Coast Paper Co

El Paso TimesAmerican MintUniversity CommonsCity of BlytheLas Cruces Sun NewsCarquest Auto PartsCity of Las CrucesGalavisionIndian Medical CentersUniversity Vision CtrMcDowell CountyCulligan WaterTIVO

Page 6: Genericpresentation30dayterms

® 2007 Transworld Systems Inc. (Rev 11/07) All rights reserved. The Transworld Systems and GreenFlag logos are registered service marks of Transworld Systems Inc. NYC License No. 1155022

What all our clients have in common

They extend credit and/or accept checks

They have an individual or entire department devoted to collecting past due accounts internally

They all have accounts that go 60/90 days even longer

Page 7: Genericpresentation30dayterms

® 2007 Transworld Systems Inc. (Rev 11/07) All rights reserved. The Transworld Systems and GreenFlag logos are registered service marks of Transworld Systems Inc. NYC License No. 1155022

Conventional 2-Phase Approach

Day 30 Day 60 Day 90 Day 120 Day 150

Statement

Statement Statement,Letter #1,Phone Calls

Statement,Letter #2,Phone Calls

Statement,Letter #3,Phone Calls

According to the Dartnell Institute, the average cost of working an account internally over a six month period is $31.60 per account.

In-House Efforts

Out-House

Day 180

Intensive telephone contact and/or legal action at a cost of 25-50% of recovered amounts.

Page 8: Genericpresentation30dayterms

® 2007 Transworld Systems Inc. (Rev 11/07) All rights reserved. The Transworld Systems and GreenFlag logos are registered service marks of Transworld Systems Inc. NYC License No. 1155022

GreenFlag Three Phase Approach

In-House Efforts

Transworld

Systems

Conventional Collection Methods

Current 30 Days 60 Days

Statement StatementPhone Call

StatementPhone Call

Limit internal efforts to less than $11 per account

90 Days

104 Days

118 Days

132 Days

146 Days

We contact slow paying accounts every 10-14 days – at the client’s direction. Making up to 5 contacts – each progressively stronger.

Fixed fee – averaging less than $10 per account. The client controls the process.

180 Days/Write OffContingency Based Collections

“Secondary Assignment”

Page 9: Genericpresentation30dayterms

® 2007 Transworld Systems Inc. (Rev 11/07) All rights reserved. The Transworld Systems and GreenFlag logos are registered service marks of Transworld Systems Inc. NYC License No. 1155022

Decrease in Recoverability

Page 10: Genericpresentation30dayterms

® 2007 Transworld Systems Inc. (Rev 11/07) All rights reserved. The Transworld Systems and GreenFlag logos are registered service marks of Transworld Systems Inc. NYC License No. 1155022

National Statistics Prove It

According to the American Collectors Association, the average collection agency collects less than 14% of all debts assigned at an average cost of 33 cents per dollar.

Transworld Collected

56%

(company average)

TSI Cost:

6¢ per dollar

collected

(company average)

Average

Agency Collected 14%

(ACA Averag

e)Average Agency Cost:

33%

(ACA Average)

Since Transworld does not take a percentage or alienate customers, our clients:

• Use us earlier• Experience a 56% recovery rate• At an average cost of 6 cents per

dollar collected

Page 11: Genericpresentation30dayterms

® 2007 Transworld Systems Inc. (Rev 11/07) All rights reserved. The Transworld Systems and GreenFlag logos are registered service marks of Transworld Systems Inc. NYC License No. 1155022

Complete Online Account ManagementWe offer an easy way to transmit or stop

accounts!• You will have 24/7 online account

management from anywhere in the world.

• Complete control to stop, start & suspend accounts

• Upload spreadsheets with account information & submit large groups of accounts instantly

• Easy to learn with, great training tutorials

• Complete reporting• Superior online support

Page 12: Genericpresentation30dayterms

® 2007 Transworld Systems Inc. (Rev 11/07) All rights reserved. The Transworld Systems and GreenFlag logos are registered service marks of Transworld Systems Inc. NYC License No. 1155022

Debtor Contact Map – Local Presence

Page 13: Genericpresentation30dayterms

® 2007 Transworld Systems Inc. (Rev 11/07) All rights reserved. The Transworld Systems and GreenFlag logos are registered service marks of Transworld Systems Inc. NYC License No. 1155022

First Demand, Courtesy Notice

Page 14: Genericpresentation30dayterms

® 2007 Transworld Systems Inc. (Rev 11/07) All rights reserved. The Transworld Systems and GreenFlag logos are registered service marks of Transworld Systems Inc. NYC License No. 1155022

First Demand, Intensive

Page 15: Genericpresentation30dayterms

® 2007 Transworld Systems Inc. (Rev 11/07) All rights reserved. The Transworld Systems and GreenFlag logos are registered service marks of Transworld Systems Inc. NYC License No. 1155022

Second Demand

Page 16: Genericpresentation30dayterms

® 2007 Transworld Systems Inc. (Rev 11/07) All rights reserved. The Transworld Systems and GreenFlag logos are registered service marks of Transworld Systems Inc. NYC License No. 1155022

Third Demand

Page 17: Genericpresentation30dayterms

® 2007 Transworld Systems Inc. (Rev 11/07) All rights reserved. The Transworld Systems and GreenFlag logos are registered service marks of Transworld Systems Inc. NYC License No. 1155022

Fourth Demand

Page 18: Genericpresentation30dayterms

® 2007 Transworld Systems Inc. (Rev 11/07) All rights reserved. The Transworld Systems and GreenFlag logos are registered service marks of Transworld Systems Inc. NYC License No. 1155022

Fifth & Final Demand

Page 19: Genericpresentation30dayterms

® 2007 Transworld Systems Inc. (Rev 11/07) All rights reserved. The Transworld Systems and GreenFlag logos are registered service marks of Transworld Systems Inc. NYC License No. 1155022

Thank You Letter - Optional

Page 20: Genericpresentation30dayterms

® 2007 Transworld Systems Inc. (Rev 11/07) All rights reserved. The Transworld Systems and GreenFlag logos are registered service marks of Transworld Systems Inc. NYC License No. 1155022

Why Do GreenFlag Demands Work?

• Return address is from closest contact office debtor which is zip code activated. Local contact!

• No company name, only PO Box on envelope which makes it hard to recognize. Gets opened!

• Size changes from mailgram to letter size every 10 days.• Return payment envelope & tear off voucher 1st, 3rd, & 5th

demands. The only thing we don’t do is lick the stamp for them!

• FDCPA Disclaimer on the bottom of the 1st demand for payment.

• 3rd party impact!

Page 21: Genericpresentation30dayterms

® 2007 Transworld Systems Inc. (Rev 11/07) All rights reserved. The Transworld Systems and GreenFlag logos are registered service marks of Transworld Systems Inc. NYC License No. 1155022

Monroe Design – Status Report

Page 22: Genericpresentation30dayterms

® 2007 Transworld Systems Inc. (Rev 11/07) All rights reserved. The Transworld Systems and GreenFlag logos are registered service marks of Transworld Systems Inc. NYC License No. 1155022

To watch a short video on our service copy and paste link

www.greenflagmovies.com