RMS HK.
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In today’s rapidly evolving business landscape, online promotion has become an essential component of commercial success. Companies are increasingly leveraging digital platforms to reach broader audiences, with online advertising playing a crucial role. However, this surge in online business comes with its own set of challenges, especially when it comes to managing accounts receivable, particularly for overseas clients. This case study illustrates a company specializing in online advertising services that faced significant challenges with accounts receivable, particularly from international customers. The nature of cross-border transactions often leads to bad debt if not managed closely. Language barriers, cultural differences, and geographical distances can complicate collection efforts, making it increasingly challenging to recover outstanding payments. Moreover, small balance debts can be labor-intensive, requiring more resources and time to resolve than they may be worth. Faced with these challenges, our client, an external advertising services company specializing in press release distribution service that helps companies disseminate their news and announcements to a broad audience, turned to us for assistance in collecting overdue online advertising fees from their international customers. In this case, a Korean debtor owed our client approximately USD 20,000 in advertising service fees and had been unreachable for over three months. In response, the client sought professional assistance from RMS. With over 30 years of extensive experience and proven track record in commercial collection, we utilized the information provided by the client and, along with our local network in Korea, conducted thorough skip tracing to successfully locate the debtor’s whereabouts. Our team implemented targeted strategies tailored to the unique circumstances of the debtor, effectively overcoming the barriers posed by language and location. Upon our approach, the debtor acknowledged the overdue amount and settled the outstanding balance in full within two weeks. Many debtors mistakenly believe that relocating within their country can shield them from creditors. However, RMS stands out as a leading global collection company with a robust network across 190 countries. With an extensive range of international offices and collection partners, RMS utilizes comprehensive local databases for skip tracing, effectively locating debtors. Our team employs assertive tactics and professional negotiation skills to secure favorable payment arrangements. As businesses in Hong Kong and Asia Pacific region increasingly pivot to online advertising, the importance of managing accounts receivable cannot be overstated. While it offers tremendous opportunities, it also poses significant challenges, especially when it comes to collecting debts from overseas clients. The key to successful debt recovery is acting swiftly and leveraging professional assistance. By partnering with experts in international debt collection, businesses can navigate the complexities of cross-border transactions, ensuring that outstanding payments are collected efficiently and effectively. With RMS’s support, businesses can focus on what they do best—in this case, driving growth through innovative online advertising—while we handle the complexities of debt collection.
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November 2024
Photo by Jeffrey Swanson on Unsplash
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企業地點電話
香港: 852-2201-8888 台灣免費撥打: 00806-651-932 中國內地固話免費撥打: 108-002-652-681 電郵地址 [email protected] 地址 九龍 觀塘 巧明街 100號 Landmark East AXA Tower 27樓 2701-3室 |
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Hong Kong: 852-2201-8888 Free Calling from Taiwan: 00806-651-932 Free Calling from China on Fixed Line: 108-002-652-681 [email protected] Address Suites 2701-3, 27/F, AXA Tower, Landmark East, 100 How Ming Street, Kwun Tong, Kowloon Hong Kong |
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会社の所在地お問い合わせ
香港: 852-2201-8888 台湾→無料通話: 00806-651-932 中国→無料通話 (固定回線): 108-002-652-681 メールアドレス [email protected] 所在地 Suites 2701-3, 27/F, AXA Tower, Landmark East, 100 How Ming Street, Kwun Tong, Kowloon Hong Kong |
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