mercial failure is all but guaranteed.

There exists two primary ways in dealing with an undesirable client whose money remains elusive. Many businesses still embrace the collections process -- whether they perform this task in-house or contract with outside agencies. If the business opts to contact the client directly, invoice after invoice may be forwarded which is very labor-intensive and costly. An owner

In any business endeavor, an owner may encounter multiple sweaty-palmed experiences. Customers may engage in multi-tiered assaults ranging from vehement criticism of a product or service, censure for (the lack of) customer assistance, objection to time lag for delivering said product or service and the airing of numerous other grievances. Of course, an owner realizes that this comes with the precipitous territory of conducting business. However, it remains a humbling experience when interacting with a vociferous client -- an individual who will let everyone know from friends and relatives to the Better Business Bureau about the perceived shortcomings of the business.

Perhaps the most daunting situation affecting an "it's not all what it's cracked up to be" business owner is a payment that is late or never arrives. Consider the private school owner who reminds a parent about the monthly fee only to receive this reply: "Just give me a few more days." Think of a construction company owner who rightfully seeks a periodic payment from the client and is dismissed with "I'll pay you when I can." Envision a gym owner who may have to do back flips just to collect on that monthly payment.

Whether by choice or even necessity, there seems to exist a bandwagon of customers who may not so easily depart with their money regardless of their responsibility or what is morally right. This lamentable circumstance (i.e., when an owner cannot efficiently collect money that is due) seriously hampers cash flow -- a business' lifeline, crucial to its vitality. When business expenditures outpace revenues (negatively affected by late or non-payments), commercial failure is all but guaranteed.

There exists two primary ways in dealing with an undesirable client whose money remains elusive. Many businesses still embrace the collections process -- whether they perform this task in-house or contract with outside agencies. If the business opts to contact the client directly, invoice after invoice may be forwarded which is very labor-intensive and costly. An owner n

of conducting business. However, it remains a humbling experience when interacting with a vociferous client -- an individual who will let everyone know from friends and relatives to the Better Business Bureau about the perceived shortcomings of the business.

Perhaps the most daunting situation affecting an "it's not all what it's cracked up to be" business owner is a payment that is late or never arrives. Consider the private school owner who reminds a parent about the monthly fee only to receive this reply: "Just give me a few more days." Think of a construction company owner who rightfully seeks a periodic payment from the client and is dismissed with "I'll pay you when I can." Envision a gym owner who may have to do back flips just to collect on that monthly payment.

Whether by choice or even necessity, there seems to exist a bandwagon of customers who may not so easily depart with their money regardless of their responsibility or what is morally right. This lamentable circumstance (i.e., when an owner cannot efficiently collect money that is due) seriously hampers cash flow -- a business' lifeline, crucial to its vitality. When business expenditures outpace revenues (negatively affected by late or non-payments), commercial failure is all but guaranteed.

There exists two primary ways in dealing with an undesirable client whose money remains elusive. Many businesses still embrace the collections process -- whether they perform this task in-house or contract with outside agencies. If the business opts to contact the client directly, invoice after invoice may be forwarded which is very labor-intensive and costly. An owner

nsider the private school owner who reminds a parent about the monthly fee only to receive this reply: "Just give me a few more days." Think of a construction company owner who rightfully seeks a periodic payment from the client and is dismissed with "I'll pay you when I can." Envision a gym owner who may have to do back flips just to collect on that monthly payment.

Whether by choice or even necessity, there seems to exist a bandwagon of customers who may not so easily depart with their money regardless of their responsibility or what is morally right. This lamentable circumstance (i.e., when an owner cannot efficiently collect money that is due) seriously hampers cash flow -- a business' lifeline, crucial to its vitality. When business expenditures outpace revenues (negatively affected by late or non-payments), commercial failure is all but guaranteed.

There exists two primary ways in dealing with an undesirable client whose money remains elusive. Many businesses still embrace the collections process -- whether they perform this task in-house or contract with outside agencies. If the business opts to contact the client directly, invoice after invoice may be forwarded which is very labor-intensive and costly. An owner

e seems to exist a bandwagon of customers who may not so easily depart with their money regardless of their responsibility or what is morally right. This lamentable circumstance (i.e., when an owner cannot efficiently collect money that is due) seriously hampers cash flow -- a business' lifeline, crucial to its vitality. When business expenditures outpace revenues (negatively affected by late or non-payments), commercial failure is all but guaranteed.

There exists two primary ways in dealing with an undesirable client whose money remains elusive. Many businesses still embrace the collections process -- whether they perform this task in-house or contract with outside agencies. If the business opts to contact the client directly, invoice after invoice may be forwarded which is very labor-intensive and costly. An owner

mercial failure is all but guaranteed.

There exists two primary ways in dealing with an undesirable client whose money remains elusive. Many businesses still embrace the collections process -- whether they perform this task in-house or contract with outside agencies. If the business opts to contact the client directly, invoice after invoice may be forwarded which is very labor-intensive and costly. An owner needs to consider the expense of invoices, postage, late notices and collection calls, and the time it takes personnel to fulfill this duty (and the concomitant pay / benefits such personnel are accruing). Outside collection agencies are not necessarily an advantageous alternative. They typically keep at least 25% of an owner's deserved profit.

The second method of handling the cash flow-challenging customer is predicated on the premise that a business owner must be proactive. He/she needs to realize the benefits of automated payments, and how this process can more readily prevent the "Dear customer, please pay me" letter.

Automated payments are a vehicle where a customer's account is automatically debited and transferred to an owner's account on the exact date a payment is due. Upon the decision to purchase a product or utilize a service, a prospective customer signs a simple release form, giving permission to transfer payment on a specific due date. The customer chooses how to pay, most notably with checks or credit cards.

The operative question arises: How are funds transferred from customer to owner? There exists two primary ways when check processing is involved. One alternative is via paper drafts which may be issued through appropriate software and delivered to the owner so he/she can deposit them (as if they were paper checks) or sent directly to the owner' bank. The processing company acquires the customers' banking information and converts the information to the appropriate bank draft.

An owner may decide to alternatively use a web-based interface, a virtual terminal, simply inputting the customer's inform