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Creditsafe’s New Debt Collection Service Helps Businesses Increase their Likelihood of Getting Paid Print E-mail
Monday, 02 March 2015

ALLENTOWN, Pa. (March 2, 2015) – Creditsafe, the world’s most-used supplier of online company credit reports – announced that it has partnered with OTC Business Process Outsourcing provider, iQor, to add commercial debt collection to its solutions suite.

The service is designed to help businesses identify and collect on outstanding invoices, resolve problem debts, and accelerate cash flow to improve financial performance. With the new service, customers can simply log into their Creditsafe account to search for companies that owe them money, and then quickly place those debts into collection and begin the process to collect on an outstanding invoice, all in one place.
“The faster that businesses can act on problem debts, the better they’ll improve their chances of getting paid,” said Matthew Debbage, president of Creditsafe’s U.S. operations. “This service makes debt collection that much easier and efficient for our customers.”
“The payment of accounts receivable is the single most important source of cash flow for most businesses,” said Karl Nicosia, SVP and General Manager of iQor’s Commercial Services. ”Past due invoices are not only a distraction, they can have a huge impact on the balance sheet.  Creditsafe’s new debt collection portal allows businesses to easily initiate a compliant and effective debt collection process in a matter of minutes.”

(Source - Creditsafe Press Release)


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