Is it time to consider a third party debt collection agency? Is recovering overdue bad debt straining your ability to focus on important accounts, complete projects, or succeed with your own career goals?
Whether you work in manufacturing, real estate, the non-profit sector or any other industry, you are likely to have encountered an issue with receivables at some point. As a credit manager, collecting bad debt may be an occasional problem or the bane of your existence; either way, depending on the size of the client, bad debt can be a serious concern.
Even when your firm has a formalized debt collection process in place with clearly defined policies, the KPIs may be telling a different story to your CFO. Despite your best efforts to follow up, you may need help if bad-debt write-offs have escalated out of control.
Call our Debt Collection Professionals