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A new study, based on an exclusive survey by The Kaplan Group , provides a comprehensive analysis of payment collection challenges, focusing on companies affected by high and very high Days Sales Outstanding (DSO). This suggests that as companies grow larger, their credit and collection challenges increase.
Manufacturers were also struggling to get invoices paid: 44% spent more than 50% of their time chasing unpaid invoices. In the Technology sector, exactly half spend half of their time or more on business debt collection. Leading Business Debt Collection Experts Federal Management commented “These figures are no surprise.
Everything from waste and inefficiency to poor sales and conversions can cause this problem, but the failure of clients or customers to pay what they owe is a unique issue with a clear and effective solution: professional debt collection. Types of Businesses that Benefit from Debt Collection. Return on Investment.
It was revealed the local garages and car manufacturers are engaged in a fierce battle over the data that cars contain. New cars are effectively computers on wheels and collect an awful lot of information. The process is a collection of business processes for receiving and processing customer orders and the payment for them.
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