BPR, LLC - FAQ
How does BPR charge for its services?
BPR charges its clients a monthly management fee and/or a percentage of gross revenues collected.
How does partnering with BPR improve my bottom line?
Due to the volume of work we place, we receive, and pass on to our clients, highly preferential contingency rates from our network agencies. These savings, combined with the superior results achieved by BPR’s strategic multi-tier placement strategy, allow you to earn a higher net return on your delinquent receivables portfolio than you could earn by managing collections in-house or by outsourcing directly to collection agencies—even after paying BPR’s fee.
Why does BPR place my receivables with more than one collection agency?
No single agency has the expertise and experience to achieve maximum results for all types of receivables in all industries. By segmenting your portfolio and allocating each segment to multiple agencies with the appropriate skill sets and proven capabilities, BPR maximizes the percentage of your outstanding debt that gets converted to cash. Using multiple agencies also promotes a competitive environment that drives better results.
If BPR places my receivables with multiple collection agencies, does that mean that I must maintain contact with all those agencies?
No. BPR offers a one-stop receivables management solution. As your partner, we handle all communication with the agencies.
Do the agencies pay a fee to belong to the BPR network?
No. The best-in-class agencies accepted into the BPR network choose to work with us because it gives them access to a high volume of recurring business without having to incur the sales and marketing expenses customarily required to attract new business. BPR agencies also welcome the opportunity to work with an expert partner who understands the industry.
How do I know that the collection agencies utilized by BPR will uphold my organization’s commitment to fair and ethical collection practices—and protect my reputation?
BPR recognizes that unethical and badly managed collection agencies damage the credibility and effectiveness of their industry and the reputation and goodwill of their clients. Accordingly, BPR works only with reputable collection agencies that can demonstrate a history of ethical business practices. In addition to requiring that agency partners document their compliance with the laws and regulations that govern the collection industry, BPR subjects them to random audits that can include onsite visits, reviews of actual accounts and random monitoring of collection calls.
Can BPR manage collections activities in all the states where my organization has customers?
Yes. BPR’s national agency network is able to handle collection activities in all 50 states, plus the District of Columbia and Puerto Rico.
|
