Remove Acquisition Remove Collection Agencies Remove Debtor Remove Retrieval
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Continuous Change: 4 Lifelines

Receivables Control

Throw turnover, leadership changes, and mergers and acquisitions into the mix and you have the recipe for a fast-paced career! The customer realizes if they don’t remit, they risk going to collections. Most debtors respond positively with payment and those that don’t communicate why they are late.

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Top 5 Debt Collection Posts of 2022: Crisis and Opportunity

Fico Collections

These can be categorised, put in the hands of a collection agency, or sent for alternative, lower cost treatments. Test and learn allows continual improvement to operations, or the implementation of hybrid approaches, when debtors receive differing treatments depending on the likely success of their respective customer segment.