man with pencil in hand and to-do list
One of the main challenges related to debt collection management is the company's lack of control over the number of defaulting customers. In order to have efficient financial management, it is essential for the company to know the number of defaulters and how much they owe the company.
This way, it will be possible to find solutions to contain the damage caused by defaulting and create effective strategies to collect from customers who are late with their payments.
Another challenge related to debt collection management is the lack of an denmark mobile database and efficient system to collect from defaulters. This is because only with an adequate platform will it be possible to carry out recurring and effective collections, without compromising the team's productivity.