Optimise your collection strategies
by comparing payment habits.
Find out which of your customers pay you past the agreed terms but pay their bills to other suppliers on time. That way you can manage the situation and:
- Resolve the dispute
- Collect the cash
- Continue doing business and thus maintain revenue
You can also identify which customers pay all their suppliers late, indicating they are failing. That way you can start litigation procedures and thus:
- Increase your chances of resolving the issue
- Avoid wasting time with amicable procedures which could affect your productivity.