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Signs Your Client is Going Bankrupt Soon

Nexa Collect

It takes startups about 2 to 3 years to become successful and 7-10 to become truly profitable. Ensure that your account managers and liaisons understand the severity of the situation and all the steps of the process involved in reducing business losses. That means monitoring and controlling risks as much as possible.

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Freelancers being hit by rise in Late Payments

UK debt collections

Whilst they impact businesses of all sizes, studies have shown small and medium enterprises (SMEs) and freelancers are particularly at risk, with the impact of late payments leading to extreme financial instability, debt and even closing down. Freelancers are very often self employed or small one man businesses.

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8 Success Tips for Debt Collection in the Pandemic

Fico Collections

Across EMEA, most countries have now moved past the peaks of the COVID-19 driven lockdowns and restrictions, but the challenges of debt collection in the pandemic remain. Collections departments have, for some time, been bracing themselves for a "debt tsunami" of people unable to meet their financial commitments.