Calling up a defaulting customer for the amount they are due to pay is never a task you look forward to. As disliked as it may be, collection calls are an integral part of your work when there are delayed payments to be collected. Confidence is key in these communications as you will need to
Supposedly first quoted by Benjamin Franklin, the phrase, ‘Time is money’, holds exceptionally true in the case of debt recovery. For, time management is often considered a crucial part of collecting overdue payments. Considering how the collectability of a debtor keeps decreasing the longer the account is left as outstanding, the process of debt recovery
As a commercial creditor, you often face challenges that require you to take productive decisions while ensuring you keep a check on your bottom line and maintain good relationships with your customers. Managing all of it to achieve a successful balance can be easier said than done. Perhaps, one of the most worrying tasks you