CASE STUDY: EUREKA

48 HRS SUCCESSFUL DEBT RECOVERY FOR LEADING OIL AND VAPE COMPANY

  • EUREKA is the pioneer in the modern vape pen industry, while also providing high cannabis oil since 2011.

    THE CHALLENGE: CUSTOMER REFUSED TO PAY INVOICE

    It was Eureka's third transaction with this customer. After sending the 3rd invoice, the

    pay it and told Eureka they wanted to return all the products from the 3rd invoice as well as the remaining products from their 2nd invoice. After addressing the issue and explaining to the customer it couldn't be done, the customer still refused to pay the amount owed.

    THE IN-HOUSE PROCESS

    The invoice was due on 08/20/2022. After no payment or response for over 2 months, Eureka escalated the matter and demanded payment from their customer's billing team. The client then informed them that they were not going to pay the balance and that they wanted to return the products that remained from the second invoice.

    THE SOLUTION: CANNABIZ COLLECTS

    After Eureka understood the customer was not going to pay the balance, they decided submit this claim to CannaBIZ Collects.

    Eureka signed the fee agreement, submitted the claim and within 24 hours, the CannaBIZ Collects team was able to get in touch with the debtor company. The claim was for $1,120, and CannaBIZ Collects was able to collect 100% of the debt in less than a day. Eureka submitted the claim with CBC on 12/8/22 and received a response the next day. They had cash in hand, paid in full on 12/10/22.

    OUR PROCESS: CANNABIZ COLLECTS

    Following Eureka's submission, CBC's team of professionals sent their initial demands and started making calls to get in touch with the debtor company contact. After only one day, CBC's team was able to reach an agreement and get the invoice paid in full.

    TESTIMONIAL: EUREKA

    "CBC has assisted in collecting ALL of the claims we've submitted in Colorado. Brett and Mike are super pleasant and courteous to us. They are aggressive with clients which is exactly why we make sure they are paid from our company for their services on time! I wish we had found them sooner."

    Veronica "Vee" L. Johnson CFO, EUREKA

    Ready to get paid? Visit us at

    www.cannabizcollects.com or

    get a free consultation today!

    (727) 203-5156