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Regardless of the reason, typically once your unpaid or overdue invoice is more than 90 days overdue, however, it has evolved to become a debt. At this point, your business should move from handling the invoice in-house to managing it through one of the debtcollection outsourcing services listed below.
Automating these processes not only enhances accuracy but also ensures timely collections, thereby improving cash flow and reducing the dayssalesoutstanding (DSO). By utilizing real-time data and analytics, companies can make informed decisions about extending credit, thereby minimizing the risk of bad debts.
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