Time a fierce enemy for debt collection.

Time is important for the debt collection business but also by example for the military, the politic or the usual business area.

A successful General can win a battle with a small army if I he acts on the adequate time.

The Market introduction of a new Product can only be successful if it’s the adequate time, to early or to late the best product will be unsuccessful.

The same factor comes up in the politic. The best example is the new French President revealing his candidacy on the ideal time period and winning the race totally unexpected.

For the payments or the debt collection the delay between due date and action is the key to success or unsuccessfulness.

The customer understand very quickly for which supplier they can delay or not the payment for weeks, months or sometimes years. Six month after the due date the risk that the debts gets unpaid raises like flashlight, after one year often the chances to collect anything are near zero.

After one year the carrier is unable to provide delivery notes.
After one year the weak customers disappeared.
After one year the litigation costs raised in huge manner.
After one year the profit of the supplier is destroyed from costs and interests. Not to act in the payment area is he highway to unsuccessfulness.

If a supplier doesn’t deliver on time the customer will immediately complain.

Why wait when the supplier delivered on time a perfect product? The customer has to pay on due date without a delay. And if he don’t the collection process should roll on.