Caine & Weiner Announces Record-Breaking Q1 Recoveries
Caine & Weiner Record-Breaking 1st Quarter Recoveries
Exceeded Projections and Increased Returns to Its Customers
With more than 85 years of service to the U.S. credit markets, Caine & Weiner established a record-breaking 1st quarter in 2016. While the general economy continues to stabilize, Caine & Weiner’s approach to the Receivables-to-Cash Cycle remains steadfast and continues to drive superior results – we are seeing liquidation on the rise!
First quarter 2016 successes can be tied to three major factors:
1) Expertise in the receivables management industry
2) Improving economic conditions
3) Maximizing services in support of the Receivables-to-Cash Cycle
The economic growth trend that began in the fourth quarter of 2015 has continued into the first quarter of 2016. Some forecasts put the growth rate for the first three months of 2016 as high as 2.5%.
Reported by BBC News (March 25, 2016), the U.S. economy grew 1.4% in the 4th quarter of 2015, twice the original estimate from the U.S. Commerce Department. The overall growth rate for 2015 is estimated at 2.4%. Increased consumer spending and an improving labor market are cited as factors in the growth.
This economic trend, combined with Caine & Weiner’s expert collection specialists, and their ability to align with our customers’ unique needs and challenges, are contributing factors leading to the company’s record-breaking quarter and resulting increased recoveries for our clients. Additionally, Caine & Weiner’s application within the Receivables-to-Cash Cycle was the larger contributing factor to this quarter’s success.
Mark Milstein, Chief Operating Office for Caine & Weiner, said, “Part of Caine & Weiner’s Q1 growth was achieved through providing fantastic results to clients that reward business on a competitive basis and are allocating a higher share of their receivables-to-cash work to Caine & Weiner based on our continued ability to produce superior recovery results.”
“The services offered in support of the Receivables-to-Cash Cycle are indispensable tools for our team in maximizing recoveries for our customers,” says Joe Batie, Chief Commercial Officer for Caine & Weiner. “This is a huge win for our customers as well as the broader economy as it relates to maximizing accounts receivables recovery.”
Despite the uncertain times the U.S. and global economy have faced in recent years, Caine & Weiner placement volumes as well as liquidity have been up, year after year–a silver lining for Caine & Weiner customers on what had been perceived to be non-paying accounts.
Caine & Weiner (www.caine-weiner.com) is celebrating its 85th year of continuous service as a global provider of highly effective and results-oriented 1st and 3rd party commercial and consumer accounts receivable management services in support of the Receivables-to-Cash Cycle. To serve the domestic market, the global Los Angeles-based enterprise maintains a network of five full-service call centers strategically located throughout the U.S. Through their active partnership with Global Credit Solutions (GCS), Caine & Weiner has established an international presence in over 90 countries. Caine & Weiner has supported U.S. commerce in Receivables-to-Cash management since their beginning in 1930 and is a founding member of the former Commercial Collection Agency Association (CCAA), and remains certified by the Commercial Law League of America (CLLA) which is endorsed by the IACC. Caine & Weiner is also a sustaining member of the International Association of Commercial Collectors (IACC) and a long-standing member of the American Collectors Association (ACA).