article thumbnail

How to Reduce Your Collection Cost and Boost Your Cash Flow

Taurus Collect

Customer Insolvency: When a customer goes bust, retrieving owed funds becomes complex. Regularly Review Client Creditworthiness: Conduct periodic reviews of clients’ credit status. Disputed Invoices: Discrepancies over invoiced amounts or services can lead to stalled payments.

article thumbnail

The digital revolution: Finech technologies to optimise your credit management process

On Guard

Think for instance about company size, sector, location, payment history and creditworthiness. Retrieve internal data The next step is to retrieve internal information about your customers and their payment history. For this, you can consult external and internal sources.