Remove Bad Debt Remove Collections Automation Remove Collector
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How Are Your Customers Doing?

Your Virtual Credit Manager

We often talk about the importance of having an efficient and effective collection process and how, from a process improvement perspective, collections automation provides substantial benefits. Bad debt losses were understandably huge. Collections was looked upon as a housekeeping function.

Bad Debt 130
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AR Data Management, AR Automation, & Accelerating Cash Flow

Your Virtual Credit Manager

The first month after GetPaid was implemented, July 1994, the client collected $7 million dollars more than anticipated. This included a 100 percent increase in past due collected. During 1995, DSO was reduced by an additional 10 percent, and bad-debt write-offs cut in half.

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DEBT COLLECTION INDIA: NEW TRENDS IN 2023

MNS Credit Management Group

The latest modification to Reg F, lenders’ digital-first strategy to engaging with consumers, and the improving economy are all going to make things more difficult for third-party collectors. What is the Operating system for Debt Collection? A smart outbound system can increase debt recovery up to three or four times.