Outsourcing Debt Collection
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Outsourcing Debt Collection
How outsourcing your debt collection can save you time and money thereby improving your cash flow position.
Curated by Nigel Hunt
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Outsourced debt collection exceeds £1 billion :

Outsourced debt collection exceeds £1 billion : | Outsourcing Debt Collection | Scoop.it
At the end of September 2012 (Q3), the amount outsourced by businesses to third-party debt collection agencies stood at £1.145 billion, an increase of 12 percent on the previous Quarter (£1.021 billion) and more than £216 ...
Nigel Hunt's insight:

Whether your business chooses to go the outsourcing route or keeping debt collection in-house you need to have a strategy and credit policy that is understood by all employees in the business.

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Debt Collection and Getting Paid First | Pitmans Lawyers News

Pursuing debts can be a lengthy and costly process for any business, however it is very important that debt collection is made a priority, especially in the current economic climate. For small and medium sized businesses even ....
Nigel Hunt's insight:

It is critical particularly for small to medium sized business to place significant importance of effective debt collection and to have established good back office processes to maximise cash flow.

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