One of the biggest challenges in debt collections is trying to create an effective dunning process that ensures outstanding balances are settled promptly and customers remain loyal to your company.
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...
The potential of collections management software is staggering. Yet, despite its ability to allow businesses to leverage AI to improve collections processes, there remains some scepticism...
Asking customers to pay overdue invoices and payment plans is a standard part of debt collections performed by all companies. However, trying to get them to settle their accounts on time remains a...
Dunning is a 17th-century term used to describe the process of businesses communicating with customers in a bid of collecting outstanding money owed for products or services.
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