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How a Debt Collection Agency Can Help Your Cash Flow

Credit Management Company

Lack of payment from products and services already delivered can make it very difficult to continue doing business, so it's the responsibility of debt collection agencies to increase the flow of revenue so that you can meet payroll and fulfill your other financial obligations. Types of Businesses that Benefit from Debt Collection.

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Survey shows true cost of Businesses chasing late payments

UK debt collections

The Healthcare sector was revealed as the sector that spent most time chasing debts. Manufacturers were also struggling to get invoices paid: 44% spent more than 50% of their time chasing unpaid invoices. Shockingly almost a quarter spent even more time chasing late payments at 76%+.