Prevent late payers and defaulters: Protect your organization and get paid faster

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It is no secret that many companies have to deal with late or delinquent payments. Obviously, your organization wants to avoid this. If your customers don’t pay you, you may end up in a position where the delinquent payments eventually make you unable to pay your own creditors on time. By following these five tangible tips, you can rest assured of faster payments.

  • Customer acceptance

    These are all questions you need to be able to answer before you accept a customer and start delivering goods or services.
  • Company Credit Policy

    Create internal procedures and define who is responsible for the credit, how invoicing should be handled and how to react in case of delayed payment.
  • Risk profiles

    By treating late payers and non-payers differently - for example, by asking for a prepayment - you gain control over invoices and thus get paid faster.

10 pages

15 minute read

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