Cedar Financial

Cedar Financial is a US accounts receivable management company, founded in 1991, that works on both domestic and international debt collection. Cedar states that it serves commercial, education and utility clients.

Services

Three services are listed: international debt collection, collections outsourcing and accounts receivable management. Cedar can therefore act as an external collections department for an organisation that prefers not to chase overdue balances itself, or it can take over the full management of receivables.

Markets

The company is based in the United States and extends its recovery work to debtors in other countries, although the specific countries are not named. Cross-border cases are described as a general capability rather than a list of covered jurisdictions, so coverage for a particular debtor location should be confirmed directly.

Who it suits

The sector focus makes Cedar relevant to service businesses with large numbers of recurring invoices: schools and training providers, utilities and commercial suppliers. A payment company or merchant with US-based debtors, or with receivables that cross borders, may consider an outsourcing arrangement of this kind. Fee structure, contingency rates and reporting terms are not published and are agreed with the company.