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The idea for startup comes from serial entrepreneur Brandon Cotter, now ZenCash CEO, who says he realized the need for more automation in the invoicing and collections process after having spent hours calling customers in an attempt to collect money his small business was owed.
See additional information provided in the Invoice Collections Process PDF.
"A small but specific section of accounts are charged interest throughout the collections process," says the wording on Link's website.
"It's in their best interest to keep the collections process going, instead of calculating when probation has expired," Wallace explained.
At minimum, there must also be protections for the elderly and the poor in any collections process.
Link pointed us to a section on its website which says the vast majority of accounts serviced by it do not accrue interest during the collections process.
Similar(42)
Everyone wants to avoid the collection process".
The collection process was systematic but informal.
The collection process is relatively painless for the carriers.
It was reformed in 1996 to improve the collection process.
For the collection process citrate is routinely used.
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CEO of Professional Science Editing for Scientists @ prosciediting.com