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10% rise in Business Insolvencies predicted by Experts

UK debt collections

Sectors such as retail, manufacturing, construction, and real estate are particularly vulnerable due to weaker demand and higher borrowing costs. Western Europe remained a key contributor to the global rise despite a slower rebound (+15% y/y), with a stable momentum at the Eurozone level (+14%).

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UK Business insolvency rises by 18%

UK debt collections

The current plight of hospitality and retail businesses demands urgent government intervention through a comprehensive overhaul of the business rate system.” “The The rise in UK Business insolvency is a serious matter and non payment of invoices is a significant contributor.

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Top 5 Decision Management Posts for 2020: AI to Platform

Fico Collections

That efficiency, especially in retail and transportation, will become a strategic asset that will define the industry, potentially for a generation. Increasing the effectiveness and ROI of customer decisions, and iteratively improving them over time, can be an important contributor to customer retention. .