RISK AND BAD DEBT

Worried about risk and bad debt

Let IBS take on the risk of customer credit. Our clients enjoy the immense relief of eliminated credit risk. There is a lot of risk involved when building a successful business. Some of the risks come from outside of your business and outside of your control. The economy is constantly shifting and business owners have to factor in both good and poor economic turns. Business faces an unending landscape of rules and laws which must be complied and followed. Cybersecurity and fraud pose new and challenging threats to business of all size. One of the greatest risks a business assumes is extending credit to customers. You use your valuable business cash flow and risk bringing on customers who aren’t credit-worthy and leave bad debt behind. Your income takes a hit when you have to charge that bad debt against your company’s accounts receivable. The time and effort to research a potential customer’s credit background can be time consuming. Any error in extending credit to a customer can easily result in financial losses for your business. A business would need a dedicated team and resources solely focused on collections and another to researching credit backgrounds on potential customers. Your business may have started out small, where you knew your customers and their reputation, but for businesses experiencing rapid growth, your customer base may grow too quickly to completely limit the risk of bad debt. Interstate Billing Service is uniquely positioned with both the right team and the right resources to eliminate your worries. We carry the risk of extending credit to your customers and will assume any bad debt should it occur. With efficient turnaround times, Interstate Billing Service performs thorough background checks to get your customers approved quickly.

“IBS runs the traps on credit checks and verifications, collects the A/R and funds your account the next day. Why wouldn’t everyone use them?” Customer Statement

When you eliminate worries about risk and bad debt, your business is free to focus your staff and resources on the things you do best. Get back to business. Get started today. Request an appointment with a Sales Officer in your area.