Importance of debt collection
Probably, the simplest definition of a business is to provide services or products in exchange for payments collected from clients. Clients may be individual consumers or other businesses with which your company have contractual agreements.
Unfortunately, contractual obligations are sometimes unfulfilled and non-payment of client debts can put the success of a company in jeopardy. Customers who delay payments have become a common scenario these days with unpaid dues or bad debt becoming an unavoidable problem for all organizations. This scenario leads to restricted cash flow which hampers business development.
In order to protect the rights of business creditors, many organizations have turned to recovery and collection services providers. These service providers allow businesses to continue focusing on day-to-day operations instead of the tedious task of constantly pursuing payment for unpaid debts.
TAD Recovery Management & Collections Group Corp.
TAD Recovery Management & Collections Group Corp. was born out of the need of The SMS Group and Workforceph group of companies for efficient recovery and collection services for its member companies which today include:
- SMS or Superior Maintenance Services Inc, a janitorial and maintenance service provider
- Product Providers Inc, a proprietary product provider for maintenance equipment and supplies
- Emploi or Employment Opportunities Inc, a manufacturing operations service provider
- Supra Multi-services Inc, an office administration and retail services provider
- E-serve Multi-purpose Coop, a service provider for not so ordinary functions, e.g. airline services
- MSF Careers R Us, a call center services provider
- Juan-A- Ride, a shuttle services provider
- Plantas Verdes, provider of plant displays, indoor plant and landscape maintenance
The SMS Group and Workforceph provide outsourced services to around a thousand companies in various industries. Instead of maintaining a recovery and collection services function in each of the companies, TAD Recovery Management and Collections Group Corp. was set up to free the member companies from the time consuming task of debt collection. Thus, although TAD has just been newly set-up as an independent organization, its wealth of expertise spans more than 50 years in the outsourced services industry.
Most collection agencies will take a one-size- fits-all approach and attempt to collect all your accounts traditionally. With our long years of experience, TAD has developed a unique way of doing things.
Judgement Services – First, we evaluate a debt and determine the best method of recovery. Our Judgment Services team takes care of the necessary legal actions which provide a greater success rate and much higher percentage of debt returned to you.
Collection Services –
TAD Recovery Management & Collections Group Corp. is a licensed collection agency. At TAD, the recovery process starts immediately upon confirmation of agreement. This process includes verbal and written communication designed to motivate the concerned party to settle obligations. Our Collections Specialists are tasked with ensuring compliance to our quality standards. Moreover, TAD uses several layers of controls to ensure the protection of sensitive data. TAD is seriously committed in its role as a caretaker of the client’s data seriously and protects this data using industry-leading tools and processes.
Locate Services – It is necessary to speak with a debtor for the settlement of an overdue account. To assist our Recovery Specialists, our Locate Services team uses TAD’s extensive databases and search directories to efficiently identify the location of debtors.
Affiliations and Partnerships
Innovative Investors and Financing Company Inc. (IIFCI) – a 33 year-old company engaged in rural banking, real estate and various financial businesses, primarily catering to the financial needs of pensioners. Currently it services SSS, GSIS, Philippine Army Pensioners, and Teachers and Employees of the Department of Education. TAD Recovery Management & Collections Group Corp. assists IIFCI in ensuring efficient operations through healthy cash flows in over 60 branches nationwide.
Credentials (license, accreditation, etc.)
Accredited Collection Agency by
- Innovative Investors and Financing Company Inc.