5 Ways Software Improves Debt Collections
Re:Ceeve
JUNE 2, 2020
In today’s world where consumerism is rife and ‘buy now, pay later’ plans are an integral part of most transactions, an enterprise’s approach towards debt collection is essential in maintaining relationships, safeguarding the average lifetime value (LTV) of a customer and sustaining financial health. According to Statista , the average debt per adult in Europe in 2019 is a staggering $24,000 [21.860€], while the number of unpaid invoices has seen a sharp increase amid the coronavirus pandemic.
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