how-to-collect-debts-and-increase-cash-flow-during-a-crisis 
Debt Recoveries
JULY 16, 2020
Recessions, virus epidemics or even just company-specific problems, can all dent the cash-flow and threaten the very existence of your business. The best way to increase cash-flow is to collect your outstanding debts (account receivables). Follow this guide and watch your bank balance increase!
American Profit Recovery
OCTOBER 13, 2022
You’re battling rising costs of inventory, an increase in payroll costs, what you pay for transportation such as our lawn care clients and of course rising interest rates. Cash flow can be complicated for a small business but here are a few tips for addressing some of the more obvious culprits of negative cash flow.
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Debt Recoveries
OCTOBER 18, 2020
As a credit control expert, I often come across the accounts of “high-turnover” businesses, who are nonetheless, drowning in debt and struggling to show a profit. Usually it’s because they don’t have good systems in place to ensure bad debt is reduced or illuminated. Here are a few suggestions: Manage your Cash Flow.
UK debt collections
OCTOBER 14, 2021
One of the major instigators of this is the late payments issue, which has increased by 20% from last year, to £61billion. . SMEs are currently owed £61billion in late payments , a 20% increase compared to this time last year. As the instrumental player in the UK’s economy, SME’s turnover turnover is estimated at £2.2trillion annually.
True Accord
JULY 22, 2020
The collection industry has come a long way since local door-to-door agents tracking their accounts on index cards, and yet there is still a dearth of data. Our six years of working with millions of consumers to resolve their debts digitally has given TrueAccord unique insight into consumer behavior. Nearly 80% of U.S.
UK debt collections
JULY 20, 2022
Almost half of all Small Business owners on the UK are said to be increasing prices to combat rising costs and increasing late payments. The study found that small business owners are being forced to implement price increases, slow down plans for expansion and even stop any plans for new hires.
True Accord
JULY 13, 2020
Debt collection is a highly regulated industry and as such, is notoriously slow to change. TrueAccord’s recent report, Consumer Debt in the Age of COVID-19 , found that during times of economic uncertainty, this gap can grow even wider. Use Context-Aware Messaging.
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