For many small business owners it can be overwhelming trying to go after another company for a delinquent account. Many times small businesses may feel tracking them down can cost more than what is actually owed and so they avoid the hassle. Corporate Collections International is committed to the recovery of organizations’ losses promptly and professionally. The company, which has been in business for 25 years, uses this chart to show how small losses can add up a large amount of loss revenue if ignored.
A key rule to remember is that taking action quickly is important. The sooner you address accounts receivable issues and pursue a non-paying account, the more likely your business will recover the money owed.