We know what a headache it can be to collect on outstanding debts and balances. The process is made more difficult if you don’t have a staff dedicated to accounts receivable. We offer a solution that will rid you of these headaches forever while helping you to collect the funds you deserve. To help you manage you’re A/R needs while reducing risk and cost, Newtek is your primary source for comprehensive accounts receivable assistance.
We provide a number of services to help you collect outstanding balances from your customers, from receivables financing and management to credit protection and billing. A/R can be used to effectively improve your cash flow, monitor your customers’ activity, monitor their credit, and much more. To learn more about A/R management, or to get started, give us a call. One of our experienced representatives will be available to speak with you at any time.
Do you need professional back-office support without the overhead costs?
- Reduces overhead by eliminating the need to have accounts receivable or billing personnel
- Alleviates worry about computer backups, or the security of data
- Saves valuable time by alleviating the need to print and mail statements in- house
- Improves collection practices with enhanced monitoring of receivables
- Allows for centralized processing of payments with lockbox services
- Eliminates the need to send employees to the bank to make deposits
Startup and existing businesses alike can always benefit from improved cash flow. Our financing program quickly provides you with capital on outstanding balances (receivables) due from your customers.
We provide a complete paper-based billing service for both financing and non-financing clients. We print and mail statements that detail account activity and balances to our clients’ customers. Our service also gives our clients the opportunity to include advertisements or promotional materials with the statements.
Billing clients can have customer payments mailed to a special P.O. Box instead of their business address.
Using the latest technology in Remote Deposit Capture, Newtek can direct customer payments to any account designated by clients.
In accordance with the above, we provide detailed monitoring of receivables and a variety of reporting, including detailed or summarized aging and delinquency reporting within 30, 60 or 90 days, providing needed capital to meet operational overhead. We monitor the collection activity of our clients’ customers to reduce bad debt.