Nothing reduces a business's cash flow like unpaid bills.
Particularly in a small business, tracking down the guilty parties is both a financial and physical drain. To recover owed money, many businesses turn to collection agencies. These organizations specialize in collecting payment from overdue accounts. Most firms bring in collection agencies for debt that is about eight months old, although a few bring in agencies after only three months. This guide is designed to give you the facts you need to hire a collection agency for your business.