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Contractor late payment increases

UK debt collections

A quarter of businesses (26%) say it now takes their customers more than 30 days to settle outstanding invoices, with debtors most commonly citing cashflow pressures (33%) and late payments from their own customers (28%) as their reasons for paying late. Contractor late payment is a stain that has long tarnished the construction industry.

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How to Completely Overhaul Your Credit and Collections Process

Taurus Collect

Let’s transform your approach to credit management. Understanding the Current State To effectively overhaul your credit and collections process, it’s crucial to first assess your current strategy. Key Areas to Evaluate: Current Policies: Are your credit policies clear and accessible to customers?