Depending on the status/age/size and type of the account, various means or approaches are used to manage the debt.
It is the responsibility of every staff at Harvest to ensure corrective means are used to approach the debtor.
There are two basic collection phases used namely our standard collections and legal collections.
- All accounts follow the standard collections phase and should get paid by the completion of this phase. However, should the debt still be unpaid the debt will follow into the legal collections phase.
- After registering the debt on our database we start with an intensive strategy containing the following: letters, telephone calls, faxes, personal visits, en quires interviews and any other way of personal contact. During this phase the whereabouts of the debtor will be traced, confirmed and updated.
- A payment plan will be negotiated and the financial position of the debtor established. Ultimately, settlement of the account.
- Should this not be the case the next phase of legal collections will follow?
Every information and conversation between the client and our field staff is recorded into the system and processed daily. For effective follow up and monitoring, all promises are put into the system and the diary used as the daily operations plan.
WHY USE HARVEST TANZANIA LTD?
It is proven, the minute Harvest Tanzania Ltd gets involved the debtor knows that collection of payment has now become a reality and priority and the sooner he pays the lesser the pressure.
Why now? Research shows that THE LONGER OUTSTANDING THE ACCOUNT – THE HIGHER THE RISK AND CHANCES OF NON-RECOVERY.
Debt collection is time consuming and has become a specialized field. Our success is in the continuous follow up procedure that causes immense pressure and responsibility upon the debtor to acknowledge liability and ultimately settle the debt. Here PERSISTENCE is our trademark.
It can be difficult for businesses to recover outstanding invoices, and there are numerous obstacles in your way. Harvest Tanzania Ltd understands the legal requirements in collecting a debt; we can act on your behalf in a professional, knowledgeable, and firm manner. With our NO COLLECTION, NO FEE policy you can start collecting YOUR money NOW!