When it comes to getting paid for the goods and services they provide, several businesses find themselves struggling. It can be hard to collect payments from customers, especially when they are slow to pay or simply do not have the money on hand. Business owners are always looking for ways to improve their bottom line.
In any business to business transaction, debt will eventually accumulate. This can be from customers who are slow to pay or from vendors who offer extended terms on their invoices. When the amount of debt begins to impact cash flow and negatively affect the bottom line, it’s time for a company to initiate its business
Small businesses work on small, sometimes exceedingly small, margins. That problem is not helped by the raft of unpaid invoices that small businesses carry on their balance sheets. It’s not a trifling number either at more than $800 billion total. Sadly, emergency restoration companies are not immune to this debt problem. Given the essential services
Are you struggling to get paid by patients? You’re not alone. Over 31% of healthcare providers find it difficult to collect payments from patients. Patients often don’t pay their bills on time, if at all, which can cause significant financial issues for your business. This is where medical collection agencies come in. An excellent medical
Did you know that the market for debt collection agencies in the United States alone is expected to be worth more than $18.8 billion in 2022? That just goes to show how much demand there is for this valuable service. This makes a lot of sense when you stop to consider that without debt collection