Agencies recover a minority of what they are handed, less as accounts age, and usually end the customer relationship. They are the right tool for the small residue that finishes your own dunning sequence unpaid, and the wrong first tool for an invoice that has never received a direct reminder.
Glossary
Collections agency
Also: collection agency · commercial collections
A collections agency is a third party that pursues overdue invoices on a business's behalf, usually for a contingency fee of 25% to 50% of what it recovers.
Your whole AR, on autopilot.
Reeve collects every overdue invoice in your name and shows you exactly where you stand.
Ten minutes to set up. 7-day free trial. Stops the moment they pay.