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The complete guide to managing and preventing bad debts in B2B

The complete guide to managing and preventing bad debts in B2B

by | Nov 30, 2020 | Blog

B2B businesses face several challenges when collecting outstanding payments from delinquent customers. Developing a well-structured process, leveraging digitization, and upgrading your teams’ resources and capabilities can maximize recoveries and prevent bad debts. With an increased focus on debt management, companies can reduce high costs and lost income and enhance customer focus, customer engagement, resilience, and profits.