Accounts Receivable Swollen? Consider Hiring a Debt Collector
Posted inAccounts receivable management company Debt collection services idaho Idaho collection agency

Accounts Receivable Swollen? Consider Hiring a Debt Collector

Running a small business is tough. Half of small businesses don’t last more than five years, and many never turn a profit before they fail. Sometimes this is because of poor business practices, but sometimes it’s because of customers failing to pay quickly enough, or at all. If you’re a business owner struggling with accounts receivable swelling and not enough operating revenue, it may be time to look at debt collection and recovery services.
Debt collection services are, of course, not free. They’re typically a percentage of the amount of debt collected, from 25% to 50%, but if your company is desperate for funds, something is better than nothing. In addition, there are several advantages to working with a debt collection agency for tough accounts.

Avoid accusations of harassment.
Excessive calls or a threatening tone can be used against you to claim harassment in court. Hiring a debt collection service puts phone calls in the hands of professionals, and take

3 Benefits of Having a Debt Collection System
Posted inBill collection software Debt collection system Retail billing software

3 Benefits of Having a Debt Collection System

Throughout the world, many companies face the problem of consumer debt. Unfortunately, it looks like this problem is only going to get worse. In fact, statistics show that outstanding consumer is estimated to reach $4 trillion by the end of this year. If you’re wanting to defend your business against this problem, it’s wise to consider using debt collection software. In this post, you’ll learn three benefits of utilizing a debt collection management system.

  1. Ability to Make Better Forecasting Decisions

    An important aspect of running a business is creating forecasts. Companies depend on these forecasts in order to know how to move forward. Unfortunately, it’s difficult to create accurate forecasts without a debt collection system in place. By having a clearer understanding of your company’s capital situation, you’re able to make be