Outsourcing Services
First Capital’s expertise in accounts
receivable processing, collection, account management, credit
analysis, and financial management, combined with the accounting
skills necessary to handle a large volume of accounts has made
First Capital a preferred outsourcing partner.
Many businesses have found it more cost effective
to take advantage of First Capital’s existing infrastructure
rather than to create their own. First Capital’s prompt,
professional, and reliable approach to business makes it a trustworthy
source. First Capital provides its outsourcing services under
private label for its financial services clients. More than 120
commercial businesses including banks, financial services companies,
and funds rely on First Capital to manage accounts receivable.
First
Capital offers many options, allowing you to choose the level
of service your company needs. First Capital can create a custom-tailored
program to handle anything from one segment to all aspects of
your financial administration.
The various
services offered by First Capital include, but are not limited
to:
- Accounts Receivable Processing. First Capital’s accounts receivable processing includes
detailed ledgering of all invoices, verifications with account
debtors, and examination of shipping and other documentation.
- Account
Management. First Capital offers account management services,
which include aging of receivables, receivables tracking,
recording and monitoring dilution claims, cash application
and reconciliations, payment tracing and payment verification,
rendering detailed accountings that tie into the debtor’s
general ledger, and real-time account reporting.
- Credit Histories. First Capital maintains the credit histories of more than
100,000 customers of its clients with more than
25,000 of these histories containing current data. This can
be a valuable resource to foreign companies entering the
U.S. market.
- Credit Analysis. Using First Capital’s
credit histories, our well-trained staff of credit analysts
is able
to set credit
limits and payment terms on your customers, minimizing the
risks of nonpayment or becoming overextended with your customers.
- Invoicing. First Capital can process your invoices, in a quick and accurate
manner, with full accounting and documentation.
- Ledger
Maintenance. First Capital can provide all necessary bookkeeping,
entering raw data into reporting systems that
can serve as a management tool. It can perform, among other
things, general ledger work, tax and bill paying, and tax
reporting (1099s).
- Collateral Maintenance. First
Capital can also maintain and secure essential collateral documents
— such as original
notes,
contracts, and chattel paper — and also perform necessary
title work for clients whose collateral consists of titled
collateral such as real estate and automobiles.
- Collections. First Capital’s prompt, professional, and
reliable approach to business provides an effective way for
your collections to be made in a courteous and professional
manner so as not to adversely affect client-relationships with
customers. First Capital can set up a lock box and other cash
management systems for its clients with pre-approved banks
who agree to employ First Capital’s strict standards
of control.
All of these outsourcing
services can be integrated together and offered simultaneously. |
