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The United States has witnessed a significant surge in corporate bankruptcies, reaching a 14-year high in 2024. Businessbankruptcy filings increased by 33.5% Customer defaults can be devastating , especially when they cause a substantial baddebt loss. A large volume of baddebts can render your firm insolvent.
Under-performing AR has the potential to create a cash flow crisis that can shut down your business in very short order. Cash Flow is the number one cause of smallbusinessbankruptcies. Please feel free to share this newsletter with your smallbusiness customers. it just might help them pay you sooner!
In addition to the effect of inflation, AR loses value as a result of profit dilution (when customers do not pay you the full invoice value due to payment deductions or disputes) and baddebt losses. The role of credit should not be focused on preventing baddebt losses, but rather maximizing profits.
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