One of the most important factors for success within your company and your Controlling Department is the DSO (Days Sales Outstanding) that is the time between preparing an invoice and receiving the payment. Once the customer delays payment beyond the contractually agreed time, i.e. being in default, companies start looking for the assistance of debt collector services more often than not. These service providers take over the role as a mediator, realise demands within the scope of legally permissible possibilities.
The Receivables Management with its numerous procedures and steps is rather comprehensive and companies manage this only with great efforts. Therefore, handing this matter over to a professional service provider saves companies time and costs and at the same time increases their chance of being successful.