Category Archives: Collections

Practical resolutions – increase your cash

We all start the new year with resolutions in different areas of our lives. The credit and collections department cannot be ignored when setting your objectives and resolutions for this year. I have put together a list of recommended resolutions: Establish recovery goals and objectives To establish recovery goals and objectives for this year, it is […]

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Speedy Response

To support and complement their collections department, many companies already use the services of collections agencies. Others rely on their attorneys for these matters. Whether you hire one or the other, it is very common to encounter the need for specific information or questions on their part: – Outstanding balance review – Supporting documentation to […]

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Hiring managers efficiently

Behind a great company, there are great executives who are guiding and supporting their employees to reach success. I do not know of any executive in any company or department who does not seek growth. Without regard to industry type, growth is that which most executives must have as a common goal. Credit and collection […]

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Freight Collections – Infographic

Please remember: – AFS International is exclusive to transportation and 100% contingent. – Should we not be able to collect, you owe us nothing.   – International Coverage.– Our results make us the best freight transportation collection agency. Besides, we offer free practical tools to maintain a profitable customer base: Download our eBook Credit & Collections Policy – […]

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Five of the most costly mistakes

These errors generate the most losses for any cargo transport and logistics companies. 1. Failure to resolve any dispute early on. It is very common to experience delays in receivables when the clients are not satisfied with the cargo transport services provided whether due to a delivery delay, merchandise damage or a dispute on an […]

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Alert, Freight Brokers going away!

The new law “Moving Ahead for Progress in the 21st Century Act’’ or ‘’MAP–21’’ is already generating considerable impact among freight brokers in the United States, Canada and Mexico. The increase in the surety bond amount for freight brokers from 10 thousand to 75 thousand dollars has generated a considerable decrease in the number of existing brokers. According […]

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Past Due Accounts Checklist

”Where you find order, there is character”, said Doménico Cieri Estrada. You need both in order to recover your past due accounts.. Having a Past Due Accounts Checklist in your Accounts Receivables Department will bring the following benefits to you: – It provides clear and strong support to define your internal collections strategy. – It provides basis and foundation […]

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How to generate a profit from your past due accounts. Plus, recover your money faster.

Some of our clients profit from past due accounts that have been assigned with our Agency. What does this mean? The amounts recovered are higher than those originally invoiced even when collection fees have been charged on a contingency basis. Our clients receive more than what they originally had charged for their transport service, sometimes generating […]

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Key Indicators in Collections

Executives and owners of companies today are focusing more than ever in profit margins. In the transportation industry, executives must invest time and money in closely measuring performance and results in detail and on a daily basis. In collections, time is money. What is collected or recovered this week is in major part a reflection […]

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How to get paid!

  If you are an owner operator, trucking company or a freight forwarder, in order to get paid without delay, you will need to produce the following: 1. Signed confirmation rate sheet 2. Signed Bill of Lading 3. Your invoice   Some companies will accept documentation electronically while others will request the original documents.   The […]

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Past-due Accounts …the true cost.

In the trucking industry, past due accounts are considerably expensive. We must be aware that from the moment the customer does not pay within the agreed credit terms this account becomes an overdue account. Therefore, action should be taken accordingly.  In addition to the amount owed, your Company also has to cover the costs of operation in the recovery process, such as: legal costs, […]

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