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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%+.

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How a Debt Collection Agency Can Help Your Cash Flow

Credit Management Company

Hospitals and other healthcare providers are the most common type of organization with this problem, yet many of them have yet to get the help they need. While healthcare providers are most commonly associated with debt collection, lenders, manufacturers, service companies, retailers, contractors, and even independent contractors can benefit.