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94% of invoices take more than 30 days to get paid, according to a survey. And the rate keeps dropping over the course of the days.
As a collection analyst, you should have a clear strategy in place so that you can prioritize collections and categorize accounts according to things like business credit ratings, trade payment histories, and financial documents.
But what if you don't have such a concrete plan and you've already reminded the customer several times about the past-due balance?
Leverage this free, ready-to-use demand letter to learn what details are vital to include when asking senior management to make overdue payments. Get it now!
Key Takeaways:
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How to Reduce Your Company's DSO
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How Crucial is Credit x Sales Conversation while Extending Trade Credit for At-risk Account
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How to Promote Business Growth and Expansion while Mitigating A/R Risk
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