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Boost Collections by Training Debt Recovery Skills

Enterprise Recovery

Effective debt recovery is a cornerstone of financial management. Without an efficient approach to collecting outstanding debts, businesses can suffer from cash flow issues, leading to operational challenges and potential financial instability.

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The Importance of Communication in Debt Recovery

Enterprise Recovery

Building trust is paramount in the debt recovery process, and communication is the foundation of trust. Clear and honest communication helps to demystify the debt recovery process, reducing any anxiety or confusion the client may have.

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What Types of Businesses Use Commercial Debt Recovery?

Enterprise Recovery

Commercial debt recovery, also called corporate collections or B2B debt collections, is used specifically to recover delinquent business customer accounts. Not to be confused with consumer debt collections where the delinquent account holder is an individual, commercial debts refer only to businesses.

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Government is Making Debt Recovery a lot Harder

Nexa Collect

The US government has thrown a slew of laws on collection agencies, making bad-debt recovery harder and costlier. Lower recoveries mean, low recoveries and extensive loss for businesses and doctors. Our government’s intention behind these laws is not wrong, but the ground reality is different. .

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Floatbot.AI and DAKCS Partner to Streamline ARM Operations and Maximize Debt Recovery

Account Recovery

Floatbot’s mission is to redefine debt recovery and accounts receivables management with innovative GenAI-powered solutions. Debt collection involves major challenges for collections companies. […] To bolster this commitment, we proudly announce our partnership with DAKCS.

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The Role of Collection Agencies in Business Debt Recovery

Optio Solutions

While the Fair Debt Collection Practices Act (FDCPA) sets a national baseline, many states have additional regulations that can be complex and constantly evolving. Keeping up with these changes internally can be a significant burden… The post The Role of Collection Agencies in Business Debt Recovery appeared first on Optio.

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Spike in Debt Recovery action expected

UK debt collections

A big spike in Debt Recovery action is expected following the end of temporary measures introduced by the government to help bolster Small Businesses during the pandemic. In the coming months, it is expected that a lot of companies will be needing debt recovery help to recover what they are owed.