HVAC Breaking News

Aug. 4, 2008: ACCA Offers Delinquent Accounts Collection Program for Contractors

August 4, 2008
/ Print / Reprints /
ShareMore
/ Text Size+

ARLINGTON, Va. - Collecting on delinquent accounts is something that no one wants to have to deal with, but unfortunately, it can sometimes be a fact of life for HVACR contractors. To help its members collect delinquent accounts and get the money they’re owed, the Air Conditioning Contractors of America (ACCA) has partnered with Transworld Systems, a leading profit recovery company.

The ACCA/Transworld program, called “GreenFlag Profit Recovery,” is said to be unique in its approach and has one of the highest success rates in the industry - on average 56 percent collection of all assigned balances, four times the industry average.

There are no commissions, such as traditional collection agencies charge; instead, ACCA members pay a discounted fixed fee, which averages $10 per account.

According to ACCA, the GreenFlag System is designed to work accounts earlier - when they’re more collectible. Most businesses wait too long to turn accounts over to a collection agency because they want to avoid the high cost of traditional percentage collection fees, and they fear alienating a potentially “good” customer.

GreenFlag works, says ACCA, because it offers a low, flat fee per account, and provides a diplomatic approach that both collects money and keeps the customer.

Ramon Fouse is the exclusive national account representative authorized to provide ACCA members with discounted pricing on this service. He can be reached at ramon.fouse@transworldsystems.com or 972-783-9191, ext. 23.

Publication date: 08/04/2008

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

2014 ACI Home Performance Conference

The 2014 ACI National Home Performance Conference & Trade Show was held in Detroit.

Podcasts

Jeff Hutchinson, Energy Solutions Manager for mechanical contractor Bruner Corp., talks about the ductless market and how it can be profitable for a commercial contractor.

More Podcasts

ACHRNEWS

NEWS 07-21-14 cover

2014 July 21

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe

R-22 PHASEOUT POLL

Some in the industry are calling for the EPA to halt production of R-22 as of 2015. What do you think?
View Results Poll Archive

HVACR INDUSTRY STORE

plumbing-hvac.gif
2014 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research

 

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

DON'T MISS A THING

Magazine image
 
Register today for complete access to ACHRNews.com. Get full access to the latest features, Extra Edition, and more.

STAY CONNECTED

facebook icontwitter iconyoutube iconLinkedIn i con