Reputation Management and CRM in a Connected World

2017-08-24T13:47:22+00:00 January 26th, 2017|Blog, News|

When it comes to managing accounts receivable, there are two absolutes for any business – maintain strong cash flow and stay in compliance with legal regulations. But what about the consumer experience? How a business treats its customers, regardless of their account status, goes a long way toward defining the business’ reputation. And, in today’s [...]

A Foundational Framework for ARM Success

2017-08-24T13:47:22+00:00 January 12th, 2017|Blog|

In a recent blog post we touched on the fact that psychosocial factors can influence borrowers. That discussion brings to mind a well-known psychological theory that gives us a way to think about accounts receivable management (ARM) strategies. Maslow’s hierarchy of needs posits a pyramid in which the fulfillment of an individual’s essential needs supports [...]

Reputation and Customer Relationships

2017-08-24T13:47:22+00:00 January 10th, 2017|Blog|

Reputation can make or break a business, and reputation management plays out in numerous organizational settings — from product-centered controversies and leadership matters to workforce disputes and safety issues. Preserving a business’s reputation is a particularly fierce dynamic in accounts receivable management (ARM) activities, thanks to traditionally negative perceptions of collections agents as having strong-arm [...]

Call Center Culture Sets the Tone for Consumer Relationships

2017-08-24T13:47:22+00:00 December 19th, 2016|Blog|

In the past, debt collection was all about performance. Recovery was the key metric for both delinquent and default accounts. Third-party debt collection service providers would tell their clients, in effect, “We’ll put on our headsets and collect your bills for you.” Today’s consumers, however, are more informed than ever before, and that influences how [...]

Transparency and Trust in Accounts Receivable Management

2017-08-24T13:47:22+00:00 December 16th, 2016|Blog|

Transparency is a proven driver of value and effectiveness in business settings. From organizational management and financial reporting to leadership training and customer relationship management, transparency is a core principle applied again and again for business agility and performance. Transparency noun Lack of hidden agendas and conditions, accompanied by the availability of full information required [...]

Leveraging Technology to Foster Trust and Enhance Customer Experience

2017-01-13T15:13:49+00:00 December 2nd, 2016|News|

Every business wants loyal customers, but preserving customer loyalty becomes more difficult when accounts go delinquent — and that problem is more widespread than you might think. Household debt increased by $35 billion during the second quarter of 2016, and nearly 5 percent of the $12.3 trillion of U.S. consumer debt is in some stage [...]

Customer Service and ARM: Give Great Customer Service – Especially in Times of Trouble

2017-08-24T13:47:23+00:00 July 28th, 2016|Blog|

Customer service is as important with delinquent or default accounts as it is with accounts in good standing. Customer service doesn’t – and shouldn’t – stop when companies are dealing with outstanding accounts. Life is hectic, and financial woes can happen to good customers. When it comes to collecting a debt, the most exceptional service [...]

Meet us at Customer Service Week

2016-08-02T21:03:12+00:00 April 1st, 2017|Events|

Waypoint Resource Group will be at the Customer Service Week in Phoenix, AZ this Apr. 25th through the 29th. We’re eager to meet with you and answer your questions. For additional information, please contact us.

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301 Sundance Pkwy.
Round Rock, TX 78681

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