How to effectively tame corporate receivables

One of the biggest risks for small and medium-sized businesses is certainly overdue receivables. Preventing this risk or dealing with the resulting debt problem in a timely manner is the main theme of this work. You will get a lot of preventive advice on how to keep your debts under control and not risk the existence of your business.

CONTENTS: Remove the receivable from your books Use your competitive advantage Require advance payments Offer your customers benefits and bonuses Insert retention of title into contracts Focus on prevention Check the creditworthiness of your customers thoroughly Try to reach an out-of-court settlement with the debtor Hire a lawyer or a collection company

CONCLUDING TIP How to deal with foreign claims