2014/10/07

With the economic crisis and a significant fall in consumer spend, the financial impact of delayed collections is growing significantly. Estimates are that delayed payments impose a financial cost of over 0.5% on a company’s invoicing. In addition, such delays are the cause of 25% of bankruptcies. With over 50% of invoices paid late, efficient collections management and debt recovery can significantly impact a company's well being, especially in their access to funding.