Blog

Transworld Systems Inc. Completes its Acquisition of Alltran Financial Services

LAKE FOREST, IL., January 21, 2020 /PRNewswire/ — Transworld Systems Inc. (“TSI” or the “Company”), the U.S.’s larges...

TSI Training Program Ranks Best in ARM Industry and in Top 10 Worldwide

Feb. 18, 2021 /PRNewswire/ -- Transworld Systems Inc. (TSI), a leader in the accounts receivable management (ARM) ind...

TSI Announces Assurance of Discontinuance with the New York Attorney General

LAKE FOREST, Ill., Sept. 14, 2020 /PRNewswire/ -- Transworld Systems Inc. (TSI), a leader in the accounts receivable ...

Contact Tracing: How Call Centers Mitigate the Spread of COVID-19

With the continual spread of COVID-19 surpassing 2 million cases and rising in 21 states, state and local governments...

Transworld Systems Inc. Completes its Acquisition of Alltran Financial Services

LAKE FOREST, IL., January 21, 2020 /PRNewswire/ — Transworld Systems Inc. (“TSI” or the “Company”), the U.S.’s larges...

Transworld Systems Inc. to Acquire Alltran's Financial Services Business

LAKE FOREST, Ill., December 3, 2019 /PRNewswire/ -- Transworld Systems Inc. ("TSI" or the "Company"), the leading ana...

How Streamlined Debt Collection Helps Financial Institutions Maximize Profit

Accounts receivables are arguably one of the key areas of concern for any financial institution. More often than not,...

Top 4 Ways Educators Can Minimize Delinquent Receivables

Whether you're operating a Montessori school for preschool-age children or a major university that educates the brigh...

Why you should consider outsourcing your call center services

There is no question that your business needs a communications center to interact with your customers. But what shoul...

The Impact of Bad Debt on Sales

Companies may sometimes become accustomed to thinking of bad debt as a cost of doing business. After all, every accou...

Maintaining Debt Collection Diplomacy While Collecting for Government Agencies

As we start the fourth quarter of the year, we find ourselves reflecting on how debt collection for government agenci...

5 Tips for Hiring a Collection Agency

When unpaid accounts interrupt your cash flow, you have two options: Collect the debts yourself or hire a collection ...

Why Compliance is Critical to Effective Debt Collection

The crucial role compliance plays in effective debt collection and management cannot be ignored. This critical compon...

How Does Better Accounts Receivable Management Strengthen Client Relationships?

The vast majority of customers have no problem paying what they owe you and doing so on time. But poor accounts recei...

The Future of Self-Service in the Debt Collections Industry

Self-service technology options are changing debt collections. Technology has dramatically changed debt collections ...

The Business Benefits of Streamlined Debt Collection

“Streamlined” is an adjective most people wouldn’t normally associate with debt collection. B2C or B2B debt collectio...

What Is Secure Data Warehousing and How Does It Protect Your Business?

Though the comparison isn’t quite apples-to-apples, the concept of data being more valuable than oil has gained tract...

Why Strong Branding is Critical for Financial Services Organizations

What we know about the products and services we use is due to branding. Branding is the connection between the compan...

The Top 5 Financial Factors Impacting Educational Institutions in 2019

Educational institutions have many financial considerations that help them educate students. Finances are a major pa...

Actionable Tips for Healthcare Providers on Reducing AR Days

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Transworld Systems Inc. Acquires Altisource Portfolio Solutions S.A.’s Financial Services Business

LAKE FOREST, ILLINOIS – July 1, 2019:  Transworld Systems Inc. (“TSI” or the “Company”) – the leading analytics-drive...

Your Collections Process Influences Customer Sentiment -- Here's How

Customer loyalty is largely based on customer experience. In fact, customer experience is becoming an increasingly im...

Does Your AR Department Have This Fortune 500 Policy? It Should!

Small and mid-sized businesses usually pride themselves on delivering personalized service to customers. People gener...

Healthcare Debt Concerns are on the Rise

Healthcare continues to be a controversial topic. Between health insurance, co-pays, and flex cards, the benefits can...

Transworld Systems Inc. Acquires NCC Business Services

Transworld Systems Inc. (“TSI”) – the leading analytics-driven provider of accounts receivable management, healthcare...

3 Most Common Explanations for B2B Nonpayment

When someone fails to pay a debt, different explanations may follow. You might have heard every excuse in the book, b...

The Value of Partnering with Consumers in the Debt Collection Process

When it comes to debt collection, one of the most important things is to continue the positive relationship you alrea...

3 Unique Debt Collection Challenges

When your client or customer owes you money, challenges may arise. Perhaps you have a number of clients or customers ...

4 Ways the Right Debt Collection Partner Helps Your Team

When you're running a small or mid-sized business, one of the demands on you, among many, is collecting payments you ...

Transworld Systems Inc. Acquires Collections Business from the Credit Bureau of Lancaster County, Inc.

Transworld Systems Inc. (“TSI”) – the leading analytics-driven provider of accounts receivable management, healthcare...

6 Warning Signs of Financial Trouble for Your Small Business

Any entrepreneur knows there’s a chance that their business may not take succeed. Risk is inherent in any new busines...

How Technology is Disrupting the Collections Industry

The future is here for debt collection technology. Is technology a good or a bad thing? The answer is it depends on ...

Four Healthcare Debt Collection Stats You Need to Know

Healthcare debt collection is one of the most delicate of processes. Hospitals, medical practices, and ancillary serv...

What is Skip Tracing for Debt Collection?

Many different types of companies use skip tracing to track down non-payers. For instance, if you buy a car and defau...

The Debt Collection Letter 101

When you send the debt collection letter is just as important as what you say. One of the most powerful tools to use...

Best Practices for Collecting Debt from Millennials in 2019

Millennials, those youthful consumers born after 1980, are about to overtake Baby Boomers as the largest living adult...

6 Little-Known Facts about Debt Collection Compliance

Debt collection is one of the most heavily regulated activities you will ever undertake. The debt collection industr...

Transworld Systems Inc. Agrees to Acquire Altisource Portfolio Solutions S.A.'s Financial Services Business

LAKE FOREST, Ill., March 29, 2019 /PRNewswire/ -- Transworld Systems Inc. ("TSI" or the "Company") – the leading anal...

How to Minimize Accounts Receivable Days and Streamline Your Revenue Cycle

Healthcare providers have always been under scrutiny to do more with less. Over the past decade, reimbursement has co...

What Is End-to-End Debt Collection?

An end-to-end debt collection service helps companies maximize efficiencies to improve accounts receivables. While ma...

Top 5 Signs Your Business Needs a Collection Agency

From small businesses to enterprise organizations, companies often seek a partnership with a collection agency when p...

Top Red Flags that Signal an Upcoming Debt Collection Issue

Failing to pursue past-due accounts until the 90-day mark is one red flag that a storm is brewing for your company. ...

How Innovation is Simplifying Debt Collection

Next-gen debt collection is here and waiting for you. Even the toughest jobs benefit from having the right tools and...

Better Debt Collection Means a Better Customer Experience -- Here's Why

Debt collection should enhance, not harm your brand image. The days of debt collection run amok are over. Certainly,...

How to Improve Your Accounts Receivable Management in 2019

Is your accounting or collections team providing ROI on A/R? Is your business prepared for all that this New Year br...

How a Collection Agency Can Improve Your Healthcare Organization's Bottom Line

Hospitals struggle with past due A/R. Healthcare has a problem. The costs of care are skyrocketing, reimbursement co...

Top Four Factors Impacting SMEs in 2019

2019 looks to be another volatile year for SMEs. The small to medium enterprise (SME) always has a plethora of facto...

Consumer Debt Continues to Climb as 2018 Concludes

Consumer debt in the US is about to hit $4 trillion. Consumer debt continues to climb as 2018 comes to a close. Rece...

The Top Factors Impacting the Financial Industry in 2019

Financial services firms look to 2019 and technology innovation. As we near the end of 2018, it’s appropriate to tak...

How a Proactive Approach to Debt Recovery Helps Your Business

How can a company pursue debt collection proactively? Here’s the truth:  pursuing debt collection early mitigates th...

How Patient Satisfaction Impacts Revenue for Healthcare Organizations

Under value-based reimbursement, patient satisfaction scores impact account receivables. In 2018, keeping a patient ...

New Report Offers Valuable Insight into Student Loan Defaults

Over 250,000 student loans go to debt collection every quarter. The Urban Institute points out the numbers, which ar...

Top 6 Factors Impacting Healthcare Finance in 2019

The cost of care in the US is on the rise. PWC isn’t mincing words this year. The organization published its annual ...

Debt Collection Services and Cyber Attacks: Minimizing Your Risk

Data encryption is just one of the ways we help keep your data safe. Here’s the new reality: There is a criminal out...

3 Things to Avoid When Collecting Outstanding Receivables

Dictionary.com defines credit as "confidence in a purchaser's ability and intention to pay, displayed by entrusting t...

Protecting Customer Data in the Utility & Telecom Industry

Protecting consumer data and vital architectures in the utility and telecom industries is increasingly important. We...

Lost Revenue Does Not Have to Be 'Business as Usual' for Financial Institutions

The lending climate has changed for financial institutions. It might feel counterintuitive for a bank to write-off a...

Three Debt Collection Agency Myths

The facts show third-party debt collections provide a needed service for businesses of any size. How much do you rea...

TSI Announces Jim Tarantino as New Chief Revenue Officer

Lake Forest, IL – October 2, 2018: TSI (www.tsico.com) announced this week that Jim Tarantino has joined the leadersh...

Healthcare Debt Collection Trends and Techniques

Don't rely on old methodologies. We’ve seen so many changes in healthcare finance over the past decade, that most ho...

The Secret Sauce to Success in Property Management

The property market will continue to be volatile in 2019. The ups and downs of the real estate market could make any...

New Challenges in Hospital Self-Pay Collections

Hospitals and medical practice providers are facing a brave new world where the realities of high-deductible insuranc...

Government: Doing More with Less Has Consequences

Governments are increasingly cash-strapped. There is good news and bad news for government revenues in 2018. ...

Security Risks and Your Healthcare Organization: Driving Patient Satisfaction

Keeping data safe is one way a collection agency can protect the relationship between you and your patient. Federal ...

Security Risks and Your Healthcare Organization: From Ransomware to Insider Threats

Healthcare IT News quotes a recent Verizon report that spells out big cyber security threats for healthcare providers...

Keeping up with A/R While Upgrading Your HIS

Maintaining A/R during a HIS conversion is very difficult without an external partner. Converting and migrating data...

Trust and the Collection Agency: Not an Oxymoron

Despite their reputation, today's collection agency must approach the work in a way that reflects their client's core...

Join TSI for an Upcoming Webinar on How Data Can Drive Your Recoveries

TSI's CTO, Matt Hanly, discusses the impact of data analytics on the collections industry in this upcoming webinar. B...

Collections for Financial Institutions/Banks and Credit Unions

Banks are required to keep data safe. What happens when that trust is breached? Banking has always been about trust....

TSI’s e-Commerce Platform Rocket Receivables Named Best Collection Agency for Small Businesses

Kuddos to Rocket Receivables on being named the Best Collections Agency for Small Businesses for 2018 by Business.com...

2018 Debt Collection in the U.S. - Technology Changes Everything

Debt collection agencies must leverage technology to become more successful in improving consumer communications. In...

Should CFOs Toss Time-Based Collections?

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How Debt Collection Affects Revenue Cycle in Healthcare

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Making Accounts Receivable Management a Priority in 2018

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Conducting Accounts Receivables Management Audits in Healthcare – What You Need to Know

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Top Tech Trends Impacting Debt Collection

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Do I Need an Attorney or a Collection Agency?

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Distinguishing Bill Collector Harassment

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The True Cost of Compliance

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State of Maine Renews Collection Services Contract with Transworld Systems Inc.

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Outstanding Debt at All-Time High: Is the Answer Outsourced Collections?

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3 Tips for Utilizing Data Analytics to Drive Your Business Forward

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Handling Medical Bill Collections

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Leveraging Digital Channels in Today's Collections Environment

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Finding Debt Assistance

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First-Party vs. Third-Party Accounts Receivable

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Statistics That Will Shake Up Your Accounts Receivable

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Which Is More Important - DSO or Predictable Payment?

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4 Important Factors in Medical Collections

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TSI Wins U.S. District Court Case; LiveVox Human Call Initiator

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Cyber Security and Debt Collection

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Top 3 Debt Collection Complaints (And What to Do About Them)

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Debt Collection and Commercial Reputation: How to Protect Both

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The CFPB's Impact on Healthcare Revenue Cycle Management

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What Should Your Credit Policy Include?

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How Data Scrubbing Can Improve Your Collections

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Is There a Place for the Pareto Principle in Collecting Receivables?

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3 Debt Collection Strategies That Work

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The Real Cost of Collections

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TSI Receives PCI 3.2 Service Provider Level 1 Attestation

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TSI Announces the Launch of ARM E-Commerce Platform - Rocket Receivables

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Transworld Systems Inc. Announces the Launch of Accounts Receivable Management E-Commerce Platform Rocket Receivables

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4 Ways Accounts Receivable Management Improves Business Relationships

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How Accounts Receivable Management Helps Small Businesses with Profit Recovery

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Five Fatal Financial Fails Small Businesses Make

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Revenue Cycle Management: How Hospital Collection Services Can Aid Your Medical Billing Efforts

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Your Business Can't Afford For Debt Collection To Be a Black Eye

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The Cure for the Cancer of Student Loan Debt Revealed

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3 Reasons Paying Their Bill Is Not Your Customers' Priority

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Outsourcing Accounts Receivable Management Can Boost Healthcare Providers Growth

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Taming Your Cash Flow Before It Eats You Alive

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TSI Hosts a Collections Compliance Webinar

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TSI Welcomes Newest Commercial Sales Representative, Jim Mahoney

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TSI hosts record-breaking leadership webinar with MGMA

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Back Office

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TSI’s Tracy Spears Talks Cash Flow Obstacles with Sandy Simpson of Associated Anesthesiologists Inc.

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TSI Speaker Tracy L. Spears Talks Exceptional Leaders

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Joseph Laughlin joins Transworld Systems Inc. as its Chief Executive Officer

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Expert Global Solutions Completes Sale of Certain Segments of Accounts Receivable Management Business to Platinum Equity

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Expert Global Solutions to Sell Segments of Accounts Receivable Management Business to Platinum Equity

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