Accounts Receivable (A/R) Management – Let Accord Manage Your Risk
Get complete accounts receivable (A/R) management services with 100% customer credit protection guaranteed. Simply sell, deliver and sleep at night.
What does outsourcing A/R management do for you?
Why outsource your accounts receivable (A/R) management to Accord? First and foremost, because we guarantee you’ll get paid. Accord does all the analysis and makes the credit decision – yes or no – and for how much. And like credit insurance, we pay your accounts receivable if your customer can’t.
- Do your people spend too much time on collections, without worthwhile results?
- Do they spend too little time, so your receivables don’t settle as fast they should?
- Would you and your team be more effective focusing on growth?
- Is the tough economy and increased competition putting your best customers on shaky ground?
- Have you had enough of credit losses?
If you answer “yes” to any of these questions, call Accord. No matter what business you’re in, we’ve got you covered.
Adding value to your business
For a simple fee, typically less than the discount given customers for fast payment, Accord delivers complete accounts receivable management, including:
- 100% accounts receivable guarantees with no deductibles
- Full credit & collection service with a dedicated team working for you
- Fast, flexible credit decisions, most within 24 hours or less
- Complete customer account record-keeping, collections and daily cash reports
- Real time 24/7 secure online access to all customer transactions
We virtually become your accounts receivable management department for all sales made on credit terms. And with Accord on your side, your relationships with customers, suppliers and your bank will all be stronger.
Who we serve
If you are a US or Canadian importer, exporter, manufacturer or distributor, with annual sales of $500,000 to $50 million, Accord’s accounts receivable management services are right for you.
We have the most experienced team in North America, delivering fast, flexible solutions and our detailed understanding of each industry we serve is second to none.
The credit conundrum
Extending credit is a fact of life, but deciding who to extend it to, and how much, can be risky business. You scramble to get timely trade references and bank reports. You spend way too much time, money and effort – and you’re still not sure. Give too much credit and you’re at risk. Too little and your goods are unsold. Most likely Accord already has the information you need; we can make a decision in minutes and guarantee you get paid if we’re wrong.
The accounts receivable collections problem
But accounts receivable management goes beyond credit insurance. Money doesn’t arrive like clockwork. You need to know who owes you, how much and for how long. And, if they are not paying on time, you need to borrow from your bank. So the money you’re owed is working – it’s just not working for you.
Which brings us back to accounts receivable collections. This part of accounts receivable management takes time, effort and money. It also requires a polite, but persistent attitude. Skillful collectors are not born, they are carefully trained, hard to find and can be costly to hire on your own.
Effective accounts receivable management requires painstaking diligence, accuracy and good judgement. If it isn’t done properly, how do you know you’re getting what’s rightfully yours? Even if you’ve done everything right, your customer could still go under, leaving you with nothing to show for your hard work. And if you make too many bad decisions, the bank might cut back your credit line.
You’re in one business too many
If these problems sound all too familiar, you’re spending too much time tangled up in our business, instead of growing your own. Accounts receivable management is a business all its own. And after nearly 40 years, we’re very good at it.
Accounts Receivable Management: how it works
Accord streamlines the entire accounts receivable management process, eliminating credit risk and keeping your accounts receivable collection cycle on track:
- We review your entire customer list, analyzing credit quality and establishing a credit line for each customer
- You ship to each customer and provide us with copies of each invoice, uploaded electronically
- We track those invoices and keep in touch with your customers to make sure they pay on time
- If any customer seeks creditor protection or goes bankrupt, we pay you 100% up to the amount of the credit line
Since 1978 Accord has provided accounts receivable management for open account trade around the world. No matter where you ship, between Canada and the US or to more than 50 countries worldwide, you’re covered from decision to collection. We’re set up to deal with multiple currencies, time zones, and navigate language, cultural and business differences. You sell more competitively on the same terms you do here at home.
The Accord advantage
When you choose Accord for your accounts receivable management, you’ve got one of North America’s most experienced teams on your side. For nearly 40 years we’ve served small and medium-sized businesses with cost-effective, risk-free credit guarantees and accounts receivable collection services. With complete coverage of the US and Canada, and strong alliances worldwide, you can trust our knowledge, expertise and connections to deliver superior results across all industries.Make our expertise your advantage, with complete accounts receivable management s
Grow with us
By outsourcing your accounts receivable management to Accord, you open the door to a range of financing options. Once we get to know your market, your sales pattern and your team, we can easily offer financing services to help you grow. Flexible options include:
- Asset-based lending (including PO financing / Letters of credit and DIP financing)
- Accounts receivable financing / Factoring
- Equipment finance
- Supply chain finance
- Small business loans
Accounts Receivable Management FAQ
Accounts Receivable Management, or AR management, is the control of the entire process of your business’ accounts receivables. The process is streamlined with tasks that include billing, tracking invoices and ensuring timely payments of outstanding invoices.
Hiring a team of experts to manage your AR is a fast and effective way to strengthen your company’s financial position and add value to your business. Your accounts receivable management goals may include:
- credit protection for outstanding balances
- reducing the payment duration
- gaining control over collection services
- maintaining accurate record keeping and reports
Accord oversees your entire accounts receivable process, reducing or eliminating credit risk and keeping your accounts receivable collection cycle on track. Some key areas of the AR Management process include:
- a review of your customer list
- credit quality analysis
- communicating with your customers as bills become due
- a credit guaranteed
Accounts receivable management is a vital part of your company’s financial stability. Maintaining an organized and professional AR management process is critical in order for your company to reduce credit risk, improve the collection cycle and grow profitability. By outsourcing your accounts receivable management to an expert like Accord, you’ll have more time to grow your business.
Accounts Receivable Management is a service streamlining your entire AR process. AR Factoring is a type of financing that uses your company’s receivables as leverage in order to free up capital stuck in your unpaid invoices.
The prompt collection of your accounts receivable requires diligence, accuracy and patience. Having a skilled, organized and persistent collection professional on your team can help improve your accounts receivable collection period.
Accord provides accounts receivable management services to U.S. and Canadian importers/exporters, manufacturers or distributors with annual sales over $500,000. Call us to discuss how your business can benefit from accounts receivable management: +1-844-932-9940 (Canada) / +1-844-725-4225 (US).
Yes. Accord provides accounts receivable management for U.S. and Canadian companies— shipping both domestically and abroad—and has been a member of Factors Chain International (FCI) since 1988.
The best accounts receivable management companies have experienced teams with knowledge, expertise and connections to deliver superior results. Accord has been providing accounts receivable management services since 1978. In choosing Accord as your service provider, you will have one of North America’s most experienced teams working for you.