Overdue accounts are especially stressful for a business if the debtor in question happens to be another business. Business-to-business (B2B) debt can pose an enormous challenge because so many commercial enterprises depend on a predictable schedule of debt repayment to operate successfully. Security Financial Solutions has a strong track record of intervening on behalf of businesses and securing what they’re owed in full. SFS has the ability, if necessary, ability to take debtors to court, to trace assets those same debtors might be attempting to conceal or downplay, and to leverage the knowledge and experience of our vast network of collections attorneys. We absorb all costs associated with legal action–something few if any of our competitors offer. These advantages, combined with cutting-edge technology, put SFS in an excellent position to resolve the debts that, neglected, can weaken a business and imperil its future.
But SFS goes further. Not only do we work relentlessly to recover outstanding B2B debt, we also seek to preserve the working relationship between debtor and creditor. Too often these relationships are strained to the breaking point–and then broken–by the immense financial pressures involved. SFS relies on time-honored techniques to preserve, and even strengthen, lines of communication between debtors and creditors. Ultimately, we look to you–the creditor–for guidance about the best way to approach the person or persons who owe you money. We do everything possible to align our tactics with the values and beliefs that are central to your business, and we’re careful to avoid anything with the potential to paint your business in a negative light. Some creditors have no interest in taking legal action against recalcitrant debtors, even if legal action is justified and all other measures have failed. We understand this completely and never involve the courts without your approval. Other clients, however, demand a more aggressive approach–one that complies fully with the law but which embraces court action as a viable recovery tool. We understand this perspective as well. Regardless of the tactics we favor, we always do our best to promote reconciliation and a “win-win” repayment agreement. This reduces the chances of B2B debt-related issues arising between the same parties again in the future.
We want to stress that retaining the services of SFS helps clients maximize cash flow, reduce operating costs, and lower levels of so-called “bad debt.” Once again, clients pay nothing until SFS secures the funds they’re owed, at which point we retain a small percentage of the total amount as a service fee.