green flag presentation
DESCRIPTION
Transworld Systems currently represents over 60,000 companies nationwide ranging in size from small ‘Mom & Pop’ businesses to Fortune 100 companies, including Blue Cross/Blue Shield, Coca-Cola, Wal-Mart and the Girl Scouts of America. Boasting the nation’s highest success rate, GreenFlag Profit Recovery by Transworld Systems has recovered more than 2.4 billion dollars for our clients over the last 5 years Transworld’s GreenFlag system provides better tools to Businesses and Medical Professionals for recovering late payments, returned checks and bad debt. Unlike traditional collection agencies that take a percentage of your money, Transworld charges a fixed flat fee. For an average of $10.00 per account we provide a full range of 1st party and 3rd party services designed specifically to streamline our clients’ internal billing processes and turn their receivables into CASH in a diplomatic fashion! Our goal is to recover your money quickly and to preserve your relationship with your clients. Learn more how GreenFlag Recovery Systems can help your business; contact me at directly at (267) 481-5543 or e-mail me at [email protected] today!TRANSCRIPT
® 2007 Transworld Systems Inc. (Rev 11/07) All rights reserved. The Transworld Systems and GreenFlag logos are registered service marks of Transworld Systems Inc. NYC License No. 1155022
THE TOOLS TO HELP YOU
MINDYOUR OWN
BUSINESS
® 2007 Transworld Systems Inc. (Rev 11/07) All rights reserved. The Transworld Systems and GreenFlag logos are registered service marks of Transworld Systems Inc. NYC License No. 1155022
Transworld Systems Inc.
Company Overview
•
In business since 1970•
60,000+ clients•
100 Offices Nationwide•
Recovered $2.4 billion* in the last 5 years for companies across
all industries including Fortune 500 & 100 Companies
•
Success rate of more than 4 times that of the industry average**•
24/7 Online account management
* Company Average**Based on ACA Statistics
® 2007 Transworld Systems Inc. (Rev 11/07) All rights reserved. The Transworld Systems and GreenFlag logos are registered service marks of Transworld Systems Inc. NYC License No. 1155022
Markets Served
• Accounting• Advertising & Marketing Firms• Ambulance Services• Attorneys• Auto Dealers, Parts Stores &
Suppliers• Banks & Credit Unions• Cellular Telephone Services• City, County & State
Governments• CPAs• Colleges & Universities• Construction Companies &
Specialty Trades• Convention Services• Fuel Oil Companies• Girl Scout Councils & YMCAs
•
Government•
Health & Fitness Clubs•
Heating & Air Conditioning•
Hospitals, Medical & Dental Practices
•
Hotels•
Industrial Manufacturers & Distributors
•
Insurance Companies & Agents
•
Lawn Care•
Libraries•
Mail Order Houses•
Medical Laboratories•
Newspapers & Magazines•
Pest Control
•
Postal Services•
Print Shops•
Private Schools•
Professional Athletic Teams•
Restaurants•
Retailers•
Security Alarm Companies•
Telephone/Communications•
Trade Schools•
Travel Agencies•
TV Stations•
Utility Companies•
Veterinarians•
Video Stores•
Waste Management
® 2007 Transworld Systems Inc. (Rev 11/07) All rights reserved. The Transworld Systems and GreenFlag logos are registered service marks of Transworld Systems Inc. NYC License No. 1155022
What Our Clients Have in Common
•
They extend credit and/or accept checks•
They have an individual or entire department devoted to collecting past due accounts internally
•
They use GreenFlag
Profit Recovery as a way to reduce internal expenses & increase cash flow
“As a national direct marketer, we faced some very unique challenges in the area of collections. Transworld not only helped us meet these challenges, but helped us exceed our goals in a very cost-effective manner.”
Tom Miglino, Vice President –
American Mint
® 2007 Transworld Systems Inc. (Rev 11/07) All rights reserved. The Transworld Systems and GreenFlag logos are registered service marks of Transworld Systems Inc. NYC License No. 1155022
What the Experts Say
“The numbers speak for themselves –
recovery of over $230 million dollars with a 53% recovery rate and an ROI of almost 4,000% with a collection cost of 2.5%.”
Steve Hellebush, VP of Business Development, Medical Group Management Association
“The company has a collection rate of well over 50%. The typical collection firm gets only 20% and keeps 25% to 50% of recovered funds.”
Fortune Magazine
“Transworld gets credit for the highest recovery rate in the industry.”
Barron’s
® 2007 Transworld Systems Inc. (Rev 11/07) All rights reserved. The Transworld Systems and GreenFlag logos are registered service marks of Transworld Systems Inc. NYC License No. 1155022
Why it Works
•
We provide the impact of third party for an average of less than $10 per account.
•
Minimize internal efforts.
•
Preserve your valued customer relationships.
•
Provide complete monthly reporting on all accounts.
•
Interactive, secure Online Client Portal (OCP) that allows you to submit accounts instantly.
® 2007 Transworld Systems Inc. (Rev 11/07) All rights reserved. The Transworld Systems and GreenFlag logos are registered service marks of Transworld Systems Inc. NYC License No. 1155022
Conventional 2-Phase Approach
Day 30 Day 60 Day 90 Day 120 Day 150
Statement Statement Statement,Letter #1,Phone Calls
Statement,Letter #2,Phone Calls
Statement,Letter #3,Phone Calls
According to the Dartnell
Institute, the average cost of working an account internally over a six month period is $31.60
per account.
In-House Efforts
Out-sourcing
Day 180
Intensive telephone contact and/or legal action at a cost of 25-50% of recovered amounts.
® 2007 Transworld Systems Inc. (Rev 11/07) All rights reserved. The Transworld Systems and GreenFlag logos are registered service marks of Transworld Systems Inc. NYC License No. 1155022
Decrease in Recoverability
® 2007 Transworld Systems Inc. (Rev 11/07) All rights reserved. The Transworld Systems and GreenFlag logos are registered service marks of Transworld Systems Inc. NYC License No. 1155022
GreenFlag Three Phase Approach
In-House EffortsTransworld
Systems
Conventional
Collection
Methods
® 2007 Transworld Systems Inc. (Rev 11/07) All rights reserved. The Transworld Systems and GreenFlag logos are registered service marks of Transworld Systems Inc. NYC License No. 1155022
GreenFlag Three Phase Approach
In-House Efforts
TransworldSystems
Conventional Collection Methods
Current 30 Days 60 Days
Statement StatementPhone Call
StatementPhone Call
Limit internal efforts to less than $11 per account
90 Days 104 Days 118 Days 132 Days 146 Days
We contact slow paying accounts every 10-14 days –
at the client’s direction. Making up to 5 contacts –
each progressively stronger.
Fixed fee –
averaging less than $10 per account. The client controls the process.
180 Days/Write OffContingency Based CollectionsCredit Management Services*
* Optional Service Provided
® 2007 Transworld Systems Inc. (Rev 11/07) All rights reserved. The Transworld Systems and GreenFlag logos are registered service marks of Transworld Systems Inc. NYC License No. 1155022
Start Early –
Recover More
Fact:
Companies wait to take action because they don’t want to pay a percentage and
they don’t want to alienate their customer. Fact:
GreenFlag
is designed to take action early and
diplomatically, recovering earlier and
maintaining valuable customer relationships.
According to the U.S. Department of Commerce, the older an account, the harder it is to collect.
® 2007 Transworld Systems Inc. (Rev 11/07) All rights reserved. The Transworld Systems and GreenFlag logos are registered service marks of Transworld Systems Inc. NYC License No. 1155022
National Statistics Prove It
According to the American Collectors Association, the average collection agency collects less than 14% of all debts assigned at an average cost of 33 cents per dollar.
Transworld Collected
56%
(company average)
TSI Cost:
4¢
per dollar collected
(company average)
Average
Agency
Collected 14%
(ACA Average)
Average Agency Cost:
33%
(ACA Average)
Since Transworld does not take a percentage or alienate customers, our clients:
•
Use us earlier•
Experience a 56% recovery rate•
At an average cost of 4 cents per dollar collected
® 2007 Transworld Systems Inc. (Rev 11/07) All rights reserved. The Transworld Systems and GreenFlag logos are registered service marks of Transworld Systems Inc. NYC License No. 1155022
Complete Online Account Management
We offer an easy way to transmit or stop accounts!
•
You will have 24/7 online account management from anywhere in the world
•
Complete control to stop, start & suspend accounts
•
Upload spreadsheets with account information & submit large groups of accounts instantly
•
Easy to learn with, great training tutorials•
Complete reporting•
Superior online support
® 2007 Transworld Systems Inc. (Rev 11/07) All rights reserved. The Transworld Systems and GreenFlag logos are registered service marks of Transworld Systems Inc. NYC License No. 1155022
Why It Works
We recover more because we start earlier.•
Fixed fee, early third party intervention•
Minimizes internal efforts at less than $10*
per account•
We work ALL of the accounts the same way, regardless of the size
or the balance•
Preserves your valued customer relationships•
Provides complete monthly reporting on all accounts•
Interactive, secure Online Client Portal (OCP) allows you to submit accounts instantly
*Company Average
“GreenFlag has collected more than $600,000 for our office in delinquent insurance claims. The collection cost was a mere 1.1%!”
Ruby Dust, Administrator Surgery, Inc. in Tulsa, Oklahoma
® 2007 Transworld Systems Inc. (Rev 11/07) All rights reserved. The Transworld Systems and GreenFlag logos are registered service marks of Transworld Systems Inc. NYC License No. 1155022
Credit Management Services
When intensive recovery efforts are required.
GreenFlag Verbal Demands employs a team of highly trained recovery specialists operating from nationwide call centers.
Verbal Demands Phase:•
Professional, third party intervention•
A more intensive recovery program•
No collection, no charge•
Offers legal recourse for tough cases
® 2007 Transworld Systems Inc. (Rev 11/07) All rights reserved. The Transworld Systems and GreenFlag logos are registered service marks of Transworld Systems Inc. NYC License No. 1155022
Debtor Contact Map –
Local Presence
® 2007 Transworld Systems Inc. (Rev 11/07) All rights reserved. The Transworld Systems and GreenFlag logos are registered service marks of Transworld Systems Inc. NYC License No. 1155022
Legal Options
Making the difference in the toughest cases.GreenFlag Legal Options can make a difference where court action
is warranted, and there are assets that can be recovered.
Legal Options Phase: •
Cause suit to be filed•
Pay all court costs•
Pay attorney fees, service or process fees•
Pay any other fees necessary to satisfy a judgment•
An attorney will appear in court on your behalfMost Importantly:•
If no money or assets are collected, there is NO charge.
® 2007 Transworld Systems Inc. (Rev 11/07) All rights reserved. The Transworld Systems and GreenFlag logos are registered service marks of Transworld Systems Inc. NYC License No. 1155022
Early Intervention with GreenFlag
According to the Dartnell
Institute, the average cost of working an account over a six month period is $31.60
per account.
® 2007 Transworld Systems Inc. (Rev 11/07) All rights reserved. The Transworld Systems and GreenFlag logos are registered service marks of Transworld Systems Inc. NYC License No. 1155022
Why Do GreenFlag Demands Work?
•
Return address is from closest contact office which is zip code activated. Local contact!
•
No company name, only PO Box on the envelope which makes it hard
to recognize. Gets opened!
•
Size changes from mailgram to letter size every 10 days.•
Return payment envelope & tear off voucher in 1st, 3rd, & 5th
demands. The only thing we don’t do is lick the stamp for them!
•
FDCPA Disclaimer on the bottom of the 1st
demand for payment.•
3rd
party impact!
® 2007 Transworld Systems Inc. (Rev 11/07) All rights reserved. The Transworld Systems and GreenFlag logos are registered service marks of Transworld Systems Inc. NYC License No. 1155022
First Demand, Courtesy Notice
® 2007 Transworld Systems Inc. (Rev 11/07) All rights reserved. The Transworld Systems and GreenFlag logos are registered service marks of Transworld Systems Inc. NYC License No. 1155022
First Demand, Intensive
® 2007 Transworld Systems Inc. (Rev 11/07) All rights reserved. The Transworld Systems and GreenFlag logos are registered service marks of Transworld Systems Inc. NYC License No. 1155022
Second Demand
® 2007 Transworld Systems Inc. (Rev 11/07) All rights reserved. The Transworld Systems and GreenFlag logos are registered service marks of Transworld Systems Inc. NYC License No. 1155022
Third Demand
® 2007 Transworld Systems Inc. (Rev 11/07) All rights reserved. The Transworld Systems and GreenFlag logos are registered service marks of Transworld Systems Inc. NYC License No. 1155022
Fourth Demand
® 2007 Transworld Systems Inc. (Rev 11/07) All rights reserved. The Transworld Systems and GreenFlag logos are registered service marks of Transworld Systems Inc. NYC License No. 1155022
Fifth & Final Demand
® 2007 Transworld Systems Inc. (Rev 11/07) All rights reserved. The Transworld Systems and GreenFlag logos are registered service marks of Transworld Systems Inc. NYC License No. 1155022
Thank You Letter -
Optional
® 2007 Transworld Systems Inc. (Rev 11/07) All rights reserved. The Transworld Systems and GreenFlag logos are registered service marks of Transworld Systems Inc. NYC License No. 1155022
Monroe Design –
Status Report
® 2007 Transworld Systems Inc. (Rev 11/07) All rights reserved. The Transworld Systems and GreenFlag logos are registered service marks of Transworld Systems Inc. NYC License No. 1155022
Alliances/Partnerships Overview
Strategic Alliances & Partnerships Deliver Better Support.The strength of our strategic relationships is apparent in the caliber of our alliances.
The Value of Alliances & Partnerships.Maintaining these relationships help us deliver better value and
services to our clients by providing a proven system to those businesses looking to spend less and recover more by increasing their cash flow and maximizing their profits.
® 2007 Transworld Systems Inc. (Rev 11/07) All rights reserved. The Transworld Systems and GreenFlag logos are registered service marks of Transworld Systems Inc. NYC License No. 1155022
Alliances/Partnerships Overview
In a strategic alliance or partnership:•
Both parties bring experience and specific areas of expertise to
the relationship.
•
Both operate at the highest level of professionalism, integrity and are committed to the best interest of the client.
•
Both share the same goal of providing clients the solutions and tools essential to grow and sustain a profitable business.
Transworld
Systems currently has partnerships with many notable organizations across the nation. We continually form new alliances and partnerships in an effort to provide our customers with the best
service possible.