when-to-escalate-invoices-to-debt-collection Blog Related Topics 
Know-It Global
AUGUST 9, 2023
One of the challenges businesses face is managing trade debtors, as unpaid invoices can significantly impact cashflow and hinder growth. Invoice Promptly and Accurately Sending out invoices promptly and accurately is vital for prompt payment. This will help significantly reduce your debtor days !
Gaviti
NOVEMBER 16, 2023
One of the most effective ways of increasing your company’s cash flow is by ensuring that customers pay their invoices on time. It might seem like a silly question to ask in a blog dedicated to topics about accounts receivables, but there actually is no standard consensus on exactly when an account is categorized as delinquent.
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Know-It Global
JULY 26, 2023
This step minimises the risk of dealing with customers who may have difficulty settling their debts. This step minimises the risk of dealing with customers who may have difficulty settling their debts. Implement proactive invoicing practices Send out invoices promptly after delivering goods or services.
Eastern Credit Management Services
JUNE 13, 2023
In the challenging world of debt recovery, writing effective collection letters and demand notices is a paramount skill that can significantly impact your chances of successful debt resolution. Clearly State the Purpose and Outstanding Debt: Ensure that the purpose of the letter is clearly stated from the beginning.
Know-It Global
JULY 5, 2023
By effectively managing your business’s credit and collection processes, you can optimise cashflow, minimise bad debt, and enhance overall financial health. It involves assessing the creditworthiness of customers, setting credit limits, monitoring outstanding balances, and efficiently collecting payments.
Eastern Credit Management Services
JUNE 13, 2023
Managing consumer and commercial debts can be a challenging aspect of running a business, but understanding the debt collection process is essential for maintaining a healthy cash flow. This involves reviewing your records, invoices, and communication history with the debtor.
JSP Credit Management
DECEMBER 14, 2021
One of the numerous benefits of working across different industries in the debt collection industry is that you get to see the wide variety of different payment arrangements that are adopted by different companies, and sometimes entire sectors too. Surely, everybody pays when they have been paid themselves.
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