The Secrets to Success – 2 of 5
Don’t delay – Refer your overdue accounts as soon as possible…
16th Sept. 2013
Don’t delay – Refer your overdue accounts as soon as possible…
Research has shown that collectability decreases by 10% for every additional 30 days an account is overdue. Our ‘Top Tip’ would advise putting processes in place to ensure outstanding accounts are referred without delay this will work to maximise your recovery ratios. The Collectability Ind
ex below illustrates how time can
affect collection ratios.
