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This may be due to more complex customer relationships, extended credit terms, and an expanded customer base. The survey uncovered that industries such as healthcare, manufacturing, and professional services experience distinct issues in payment collection.
Lack of payment from products and services already delivered can make it very difficult to continue doing business, so it's the responsibility of debt collectionagencies to increase the flow of revenue so that you can meet payroll and fulfill your other financial obligations. Types of Businesses that Benefit from Debt Collection.
Manufacturers were also struggling to get invoices paid: 44% spent more than 50% of their time chasing unpaid invoices. The demand for Professional Commercial Debt CollectionAgencies is increasing post covid with many Businesses turning to them for help.
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