WHAT IS DEBT COLLECTION?
Overdue payments can seriously affect your business if not handled promptly and correctly. They can adversely affect cash flow, turnover, credit ratings and even your business' reputation. When these situations occur, having an effective credit management strategy in place is essential in order to handle and escalate the problem.
Using a reliable third party debt collection agency is a common business practice when resolving late payments. Debt collection can be difficult, especially in overseas markets; it's always best to act quickly and with the help of trained and experienced collectors.
Euler Hermes Collections’ proven approach to collecting overdue commercial invoices is the result of many years of specialist debt recovery experience. Our primary aim is to secure full payment as quickly as possible while maintaining your relationship with your customer.
HOW DOES DEBT COLLECTION WORK?