Techniques to Improve Business Debt Collections

One of the most significant problems companies face is not getting the word out about their product or making a sale, it’s actully getting paid for the work that they do or the services they provide; and this causes serious problems.  When customers do not pay within the agreed upon credit terms cash forecasts are thrown off, cash flow is slowed, and it becomes tough for a company to meet their financial obligations. When customers continue to neglect payment, the cost of carrying bad debt, write-offs, and legal action can even further exacerbate the situation. By changing the way you think about accounts receivable and putting into practice some business debt collections best practices, you can quickly and easily put an end to this cycle in your organization. Continue reading