Every company must establish a specific policy for management of their accounts receivables from the day it first falls due. It is imperative that a collection plan is in place to ensure a smooth cash flow to your company, thus ensuring a stronger working capital and liquidity position and allowing you to plan your future investments with ease

In today's sluggish economic conditions, time is of essence in an effective collection process. The older a debt becomes, the lower the chances of recovery. It becomes critical to take pro-active action once a receivable age thirty to ninety days past its due date. With more and more creditors chasing the same debtor, the successful creditor is ultimately the one with a planned and constant effort whose recovery efforts start earlier than the rest