4M Superior Solutions
Calculate Your Savings
See how our collection solutions can increase annual cash flow.
Instructions:
Complete the fields listed under "Enter Your Numbers Here". Do not use decimals.
| Collection Services | Average Provider Using Traditional Collections | Average Provider Using Our System | Enter Your Numbers Here | Description |
|---|---|---|---|---|
| Number of Past-Due Accounts Annually | 100 | 100 | |
Total number of past-due accounts that require collection work each year. |
| Average Outstanding Balance | $400 | $400 |
$
|
Average receivable amount per past-due account. |
| Total of Outstanding Balances Annually | $40,000 | $40,000 | $40,000 | The total annual receivable amount available to collect. |
| Average Percentage of Money Recovered | 10% | 45% |
%
|
Average recovery rate under your current collection approach. |
| Annual Revenue Collected from Outstanding Accounts | $4,000 | $18,000 | $4,000 | Gross revenue collected from past-due balances before collection costs. |
| Average Cost to Collect Each Account | 40% | 4% |
%
|
Your average collection cost rate under the current method. |
| Total Annual Cost to Collect Accounts | $1,600 | $720 | $1,600 | The annual amount spent to collect accounts under the current process. |
| Revenue Recovered Annually! | $14,880 | $14,880 | $14,880 | Estimated additional net revenue recovered annually by improving collections performance. |
Gross Collected
$4,000
Current Collection Cost
$1,600
Additional Annual Revenue
$14,880