Blog
How Debt Collection Works: Client Success
Business relationships last because of excellent service. No matter your industry, the level of service you receive will often shape whether you value the ongoing relationship. When you partner with a collection agency and have questions about their service, someone knowledgeable should be available to provide a friendly experience. You should also have access to
IC System Donates to Help Rebuild Twin Cities
The protests in Minneapolis and St. Paul, and throughout the world, after the death of George Floyd have left countless business storefronts in need of repair. IC System recently donated $3,000 to help support small businesses and nonprofits in Twin Cities communities. IC System hopes that people and companies will continue donating to the rebuilt
When Does Your Small Business Need Debt Collection Services?
How much time do you spend calling or sending letters to your past-due consumers? Chances are, it’s too much time. Or maybe it’s not enough. One of the main reasons that many small businesses fail is because of poor business planning. An effective business plan should include a detailed accounting of your cash flow and
How Debt Collection Works: Collection Strategy
Written correspondence and calls are the bread and butter of a debt collection strategy. IC System’s “How Debt Collection Worksâ blog series continues with a discussion of our proven correspondence and call approach. Mike Selbitschka, IC Systemâs Vice President of Operations, talks about the collection strategy and efforts that occur after you have selected your
How Debt Collection Works: Data Scrubbing
Data scrubbing to ensure accurate consumer information is an essential debt collection tool. IC System’s data scrubbing and optimization program cleans your accounts to support effective collection efforts with higher quality data. Having good data means we take a smarter approach to your accounts. IC Systemâs âHow Debt Collection Worksâ blog series continues with this
Doing Our Part During the Coronavirus Pandemic
The last few months have been rough. Between the coronavirus pandemic, social distancing, home-schooling for kids, massive unemployment rates, and dealing with business in a remote environment, we all could use some inspiration. Fortunately, there are brave healthcare workers, grocery store employees, and charitable organizations on the front lines who inspire us every day. Their
Rise in Pet Adoptions Could Mean Vet Debt Increases
Americans looking to bring some much-needed distraction and joy into their homes during lockdown have turned to pet adoptions. It’s excellent news for these animals, who need and deserve a loving home. But what does this increase in pet owners, some of whom are either unemployed or working reduced hours, mean for your veterinary clinic?
How Debt Collection Works: Account Placement
Not all accounts are ideal for collection efforts. It’s difficult to know which accounts you should send to your collection agency and when. IC System’s “How Debt Collection Works” blog series continues with a discussion about the best practices for account placement. You have already received some tips for choosing a collection agency and advice about which products
IC System’s COVID-19 Response
A message from IC System’s President & CEO, John Erickson: As we all adjust to these uncertain times, know that IC System is fully operational and ready to help generate revenue on your behalf. Managing your A/R may not currently be your first priority during this pandemic, but rest assured that we will continue to
Local Distillery Inspires with Their Coronavirus Response
As everyone continues to process the headlines and changing reality concerning the COVID-19 situation, itâs always nice when you find someone whose coronavirus response gives you inspiration and hope. Thatâs certainly the case with Vikre Distillery, a Minnesota spirits maker that normally creates a variety of gins, vodkas, and whiskeys. Faced with the pandemic and
