How not to lose more money in collecting bad debts
Posted By: gibo38m
Bad debts are bad debts because they are way past due and are difficult to collect. Understandably, the natural reaction of companies is to focus their collection efforts in collecting these kind of debts.
This is fine except that, usually, they end up spending resources not commensurate to the benefits, and will most likely be distracted in their efforts to collect their “good” accounts. Outsourcing becomes an option. It is a strategy that most multinational companies in the Philippines have long adopted. Read more at Pinoy Seminars.
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