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Debt Recovery Strategies for High-Volume Collections in an Economic Downturn

With financial pressures mounting, securing outstanding payments becomes crucial to maintaining cash flow. However, in high-volume collections, businesses must also be mindful of their relationships with clients who may be facing their own financial difficulties. We’re sharing several strategies to effectively manage debt recovery while maintaining strong business relationships.Clear and…

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Effective Ways for Construction Contractors to Handle Overdue Debt

For contractors and subcontractors, ensuring payment can be as tough as landing new work.The Growing Problem of Late PaymentsPayment delays can create cash flow crises, especially for smaller businesses lower down the supply chain that are often caught in a complicated web of contractors, subcontractors and suppliers.Many construction businesses consider…

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