5 steps to effectively collect past-due accounts as financial strain grows on consumers

What you will learn

This time of financial uncertainty leaves Finance and Operations teams with the extra challenge of recovering past-due accounts while navigating in these murky waters. They must proceed cautiously, careful to balance the needs of the business with those of their past-due customers

A robust collections strategy is crucial to steering companies through a market downturn. Here we look at some options you can take to improve your performance and emerge out of the 2022/2023 recession financially stronger.

This ebook presents five steps to collect past-due accounts effectively in a looming recession:

• Minimize cash flow impact
• Be proactive, not reactive
• Track crucial KPIs
• Optimize costs
• Build to scale