Destination Publications Flies Away to Sunnier Cash Flow with A/R Outsourcing



Destination Publications

Accounts Receivable outsourcing helped Destination Publications focus on what they love: getting YOU on a sandy beach!

Picture yourself going on vacation to visit sun and sandy beaches. As you board the airplane you’re handed a magazine entirely about your destination. You spend your flight flipping though the pages, dreaming about the culture, history, activities, and local hot spots that you will soon be exploring. Savor this lovely thought for a moment.  Now ask yourself, “How did this magazine get here just for MY trip?”

The answer is Destination Publications! They publish destination-specific magazines for St. Maarten, the U.S. Virgin Islands, and other exotic locales. Vacationers love the magazine for the timely information, and advertisers love it for the captive audience with lots of disposable income to use when they land. Together that makes for a very happy publisher!

Destination Publications faced one major hurdle, though – one that’s faced in one way or another by any publishing company: How could they collect payments from advertisers without pulling sales reps off the job?

Twelve years ago Destination Publications solved this dilemma when they made the choice to hire out their invoicing and collections to Media Receivable Management, a company specializing in media industry collections, and they’ve never looked back. Outsourcing this work “Freed up staff so that we were able to develop our business with regard to editorial input, advertising sales, and overall growth and development of the company,” according to CEO Chris Ralston.

Media Receivable Management’s staff fly out to St. Maarten and the U.S. Virgin Islands to take care of business (cool sunglasses and sunscreen optional). “They are uniquely experienced in dealing with our advertisers over many years. We have never had any complaints from our advertisers,” Chris added. Having a buffer between their sales staff and slow-to-pay advertisers creates a better selling environment for Destination Publications and lets them focus on doing what they do best – generating new revenue. Plus maybe they get a little extra vacation time of their own!

MRMad

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This post appeared as part of October 2013 Niched Out News. Media Receivable Management is a proud sponsor of Niched Out!

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Robyn_New_webAbout the author: Robyn Ireland is Niche Media’s Operations Manager and Swiss Army Knife. After a decade in with niche nonprofits she dove into the niche publishing and event world and found they weren’t that different (once you get past the nonprofit part). She has far too much fun at Niche HQ and keeps taking her standard poodle Susie to work even though she’s a lousy typist.

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Niche Media has created super niched-out events specifically for magazine publishers for over 12 years. We’ve helped pave the way for the era of boutique events that connect specific audiences and provide great educational, friendly and super-fun environments!

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