Dedicated Commercial Recovery Inc. announced it has published an industry whitepaper providing modern and comprehensive standards regarding how small business finance companies should select their commercial collection agencies and monitor their performance.

The whitepaper provides guidelines that small business finance companies can use to simultaneously approach debt collection in a fair and responsible way and maximize their recoveries.

“This whitepaper outlines how small business funders can protect their brands from abusive collection agency practices and serves as a guide to how small business funders can effectively improve their recoveries,” said Shawn Smith, CEO and CFO of Dedicated Commercial Recovery Inc., the author of the whitepaper.

“Choosing a third-party commercial collection agency is of vital importance to any organization that extends funding or that provides business-to-business services on credit, including equipment finance   companies, merchant cash advance factors, and traditional commercial lenders,” he added.

The 30-page whitepaper, “Selecting a Third-Party Commercial Collection Agency,” takes a comprehensive look at the process of choosing an agency. The subjects covered range from agency ethics, to industry and product experience, to conducting performance assessments.

“In short, choosing a third-party commercial collection agency is a matter of comparing potential returns and risks in order to achieve an optimal balance of both, and the purpose of this paper is to present one possible outline for making such a balanced choice,” Smith said.

The whitepaper is available at https://www.dedicatedcri.com/wp-content/uploads/2019/11/Whitepaper-2019.pdf.

Dedicated Commercial Recovery Inc. is based in Roseville, MN., and focuses exclusively on collateralized and non-collateralized commercial collections, business services collections, commercial asset remarketing and commercial asset recovery.