Why Company Fails To Collect Debts?
- Company does not know the right strategy or the most effective technique in collecting debts
- They do not possess qualified human resources with proper training and precise skills to do debt collection
- Collection often costs more money than the company is willing to spend – with no guaranteed result
- The effort in debt collection often takes a long time, which could affect the overall workflow and productivity of a company
- They are afraid of losing their customer base or risking good reputation due to harsh collection methods