More and more companies have found that outsourcing the printing, mailing and collection of all their accounts receivable saves them time and money. Using integrated receivable processes from CTP Solutions provides better quality with additonal flexibility no other provider can match. The result is a total solution to any billing and collection need. When you contact CTP, one of our consultants will evaluate and recommend a program that is customized to improve your operational efficiency. The result will be:
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Increased Cash Flow |
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Maximized Collections |
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Reduced Processing Costs |
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Decreased Accounts Receivable Overhead |
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Improved Productivity |
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Better Communication with Customers |
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Alternative Forms of Payment |
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Elimination of Forms, Envelopes and Equipment |
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Better Control Over Revenue |
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| You can access everything you want to know about our Integrated Receivable Processing program below. Please take a minute and learn how you can save your company time, money and headaches with IRP. |
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Print & Mail Billing Solutions |
The printing, folding, inserting and mailing of fully customizable bills and invoices are handled by CTP's strategically located facilities. It's the fast, secure, efficient and economical way to outsource your accounts receivable operation.
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| Electronic Billing Solutions |
Many businesses today would like to take advantage of e-billing, but still need paper print and mail service. CTP has created a Billing system that fully integrates the two into one simple, cost effective solution. Whether your customers are consumers or Businesses, we can receive your billing file download and generate both paper and electronic bills. The same system provides complete archiving, delivery and on-line payment function. Plus we cost a fraction of other online systems. Whether you're a small business or a Fortune 500 company, CTP can provide a proven cost effective, easily implemented e-billing solution |
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| How it works |
The process start the same as Print and Mail, but instead of going to a Print & Mail facility all billing, invoicing, collection and remittance is done online.
Electronic File: CTP's comprehensive online e-billing and e- invoicing system is second to none.
Electronic Funds: Whether through e-checks or credit card, CTP makes the handling of funds simple and foolproof.
Electronic Payments and Delivery : Complete EIPP and EBPP systems for all your B2B or B2C accounts.
Electronic Archiving: To eliminate paper completely, choose from one of our electronic archiving options.
Remittance: CTP's Customer Relations Management program makes collection and the maximizing of cash flow as efficient as possible. |
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| Remittance Process (Lockbox) |
How can a robust remittance program maximize the profit relationship between me and my customers?
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| CTP Solution |
A profitable relationship requires an efficient, cost effective system for processing payments, updating accounts and maximizing cash flow and the availability of funds. A CTP Solutions professional will show you the IRP remittance service that will help you to: |
Accelerate Payment Collection: Supporting Internet, telephone and email reply payments; allowing payers, enrolled or not, to pay bills any time; receiving reliable, on-time payments through Auto-Pay.
Improve Customer Service: Accepting telephone payments using credit cards or echecks; and automatically reversing disputed or fraudulent transactions.
Integrate Accounts Receivable: Accepting remittance advice directly into the accounts receivable system; simplifying payments, card discounts and network fees reconciliations; supporting multiple entity and account configurations. |
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| Problem |
Can CTP set up a lockbox operation for us?
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| CTP Solution |
Absolutely. CTP represents a National Lockbox Network designed to simplify management; reduce administration time; consolidate collections from multiple locations into one account and accelerate receipt and cash availability. If you choose our Lockbox Service, we'll print the necessary OCR scanning code on your payment envelopes, so they'll be routed directly to your lockbox in the proper location.
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| Problem |
Can CTP's remittance operation enhance the business relationship with my customers?
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| CTP Solution |
| CTP has built a unique program we call Customer Relation Management or CRM. |
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Collections |
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| Problem |
What can CTP do about late customer payments and bad debt write-offs?
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| CTP Solution |
| In today’s increasingly competitive business climate, companies are looking for ways to collect past due accounts without alienating customers yet still remain in control of their accounts. With CTP’s Pre-Collection program you can: |
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Increase business revenues and profitability, as well as staff profitability. |
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Decrease customer defection and bad debt write-off. |
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Realize up to a 60% reduction of current collection costs. |
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Remain in full control of your customer accounts. |
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| Each contact with your debtors are carefully scripted beforehand and pre-approved by you. And because you have control from start to finish, all contacts will reflect the professional image of your company you want to project. |
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| Problem |
Who will be making the calls to my customers?
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| CTP Solution |
| CTP employs people at 30 centers across the US, all of whom are trained to make custom scripted calls designed to gather information and speed collection, while maintaining goodwill. Each center is also capable of predictive dialing, inbound-outbound |
| call blending, e-mail, online chat and messaging, and Web and mail. All centers are multi-lingual and operate 24 / 7 / 365. |
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