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How a Debt Collection Agency Can Help Your Cash Flow

Credit Management Company

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 collection agencies 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.

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Exclusive Survey Insights on The Impact of High Days Sales Outstanding

The Kaplan Group

The survey uncovered that industries such as healthcare, manufacturing, and professional services experience distinct issues in payment collection. Healthcare companies showed considerable exposure to very high DSO, with three-quarters of respondents reporting DSO higher than 46 days.

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Survey shows true cost of Businesses chasing late payments

UK debt collections

The Healthcare sector was revealed as the sector that spent most time chasing debts. Manufacturers were also struggling to get invoices paid: 44% spent more than 50% of their time chasing unpaid invoices. Shockingly almost a quarter spent even more time chasing late payments at 76%+.

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How to Choose the Right Recurring Billing Software

PDC Flow

Resolving Past-Due Debts For businesses or debt collection agencies dealing with overdue payments, offering a structured repayment plan can help recover funds while maintaining positive customer relationships. Recurring billing makes it easier for clients to catch up without creating financial hardship.