Oil and Gas Collections
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Oil and Gas Collections
The oil and gas sector has always been volatile and even more so in the past year. Global oil and gas prices are dictated by an equally volatile economy, which makes debt collection a big challenge for companies tethered to the industry. Southwest Recovery Systems partners with firms in the oil and gas sector as their trusted partner, achieving great results in collecting accounts receivables.
Increase Cash Flow for Oil and Gas Firms
The oil and gas industry is in the midst of a boom; 50 of the largest oil and gas companies have reported revenues of about $5.4 trillion in 2015 alone. Meanwhile, 43 oil and gas companies have filed for bankruptcy in 2018, and 50 more in 2019 with 2020 expected to well exceed last year. This is natural and a testament to the fickle nature of the business. In a bid to stay afloat, most firms turn to over-the-top approaches to try and maintain their business model through the recovery of their receivables.. Southwest Recovery Services employs a winning debt collection strategy so you can maintain liquidity without having to resort to underhanded tactics to recover the money you’re owed.
We Work Swiftly to Recover Debt for Oil and Gas Firms
Time is of the essence when dealing with debts related to oil and gas. The volatile nature of the product, coupled with the volatility of the market, can create too much uncertainty, especially when dealing with significantly large dollar accounts. Time is critical. Those working within this sector must protect their business and improve cash flow as soon as possible to remain operational. Southwest Recovery Services has extensive experience working with oil and gas firms to successfully navigate debt collections for faster recovery.
Increased Recovery in Less Time
Our expert team understands the nature of the industry and what it takes to inspire action from those that owe large amounts. This enables us to maximize the amount of debt we can recover usually in record time. Through our effective and ethical approach to debt collection, your firm will see increased cash flow, which will, in turn, increase your bottom line.
The Southwest Recovery Guarantee
Debt recovery and appropriate collection strategies in the oil and gas industry requires experience, expertise, and resilience. By combining those three factors, we have created proven customized collection strategies that provide ethical and professional practices without straining relationships. Here are a few examples of what we can do for you:
- Dispute resolution
- Frequent, gentle written reminders
- Quick, regular follow-ups
- Frequent site visits
Reduce write-offs and secure your bottom line when you work with the best debt collection professionals in the business at Southwest Recovery Services.
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