OUTSOURCING
AVAILABLE FROM BPCA:
Online Reporting BPCA is able to perform the
gathering of the required documents on your behalf. Pricing
for this service is also based on the number of Tax Certificates
collected for you. Credit
Clears
- The Credit
Clear program will have your credit applications from new and
present customers processed by BPCA. Three trade credit
references and one bank reference are returned to you in no more
than three business days. This program is open to members and
non-members of BPCA. The cost (provided upon your request) is
less than it would be for you to have a staff person dedicated to
calling references that are listed on your credit application.
You are invoiced at the end of each calendar quarter. Credit
Inquiry Reply
-
Inquiries
for your payment experience on your customers are forwarded to BPCA,
and BPCA will respond to the inquiring company. As long as you
provide your total Accounts Receivable file on a monthly basis, BPCA
will provide your payment experience back to the inquiring company.
There is a minimal charge invoiced to you - based on the quantity of
inquiries - on a monthly basis. CSL Program
(COLLECTION SERVICE LETTERS)
- BPCA has a
CSL program to assist you in collecting those slow paying
accounts, or accounts that will not communicate with you.
There is a series of three (3) letters that can be issued to your
customer on your behalf. You, the Creditor, control the
sending of these letters by entering Alerts in the reporting system.
Whenever you attend a seminar on "Collections", the most important
item is "FOLLOW-UP". Many times when you make a collection
call, you forget or are not able to call the customer back on the
date you had scheduled. BPCA - via e-mail - reminds you at a
regular interval to see if the customer has paid or if you have made
an arrangement with the customer. If your claim has been paid,
no further Letters are sent to the customer. If you have not
been paid, you are able to request the next letter in the sequence
be sent on your behalf. The third letter is a final demand.
If it becomes necessary to send a final demand, BPCA requires you to
submit your claim to a collection agency in a specific number of days from
the date the Final Demand is sent. Nothing demonstrates your
lack of intent to follow through on a Final Demand than sending a
Final, Final Demand ( a second or third Final Demand). When
you send the third final demand, the customer knows you do not plan
to involve a third party for collection. If you so desire,
BPCA will assist you in forwarding your claim against the Debtor to a
reputable collection agency for you. After the claim has been
submitted by BPCA, all communication from the collection agency will
be direct with you, the Creditor.
BPCA is not nor does it have a Collection Arm, however we will
provide you with assistance in placing your accounts with a
reputable and successful third party for collection.
& Alerts System
CertificateTracker
(CUSTOMER
RESALE CERTIFICATES PROGRAM)
-
As
manufacturers and wholesalers provide product to customers, it is
necessary to charge State Sales Tax unless the customer provides a
valid Resale Tax Certificate. Many times this is overlooked
until a notice is received State saying an audit is going to be
performed on your company for
shipments made to that State. The work necessary to go back and get a Tax Resale
Certificate - if your customer is selling your product for re-sale -
can be very time consuming. This is not uncommon in this
economy - especially when most States are looking for all the revenue they can
get.
For
additional information, call the office of BPCA at 636-294-5775.