Tips to improve debt collection management in marketing agencies

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In the marketing business, agencies often sign contracts to collect payment upon delivery. This way, they can secure contracts for six months or more, but there is a risk that clients will fall behind on their debts. To reduce the risk of late payments, it is crucial for marketing agencies to implement collections software that allows them to automate tasks and keep better track of accounts receivable.

In addition to the above, there are other measures that can be taken. It is necessary to take them into account if you want to always have the necessary cash to deal with the payment of employees, services and continue with your operations. Follow these tips to improve collections in your web positioning agency .

What will you find in this text?

1. Keep a detailed record of your accounts receivable

2. Prevention is better: filter your clients and create collection policies

3. Send automatic payment reminders

4. Have staff in charge of your accounts receivable

5. Evaluate the possibility of offering payment options

1. Keep a detailed record of your accounts receivable
Having your accounts receivable information scattered around is not buy uae email database for your accounting. If you use traditional methods such as paper sheets and spreadsheets, you are likely working with inaccurate or outdated information.

Ideally, you should digitize your collections, but with the use of platforms specialized in this type of process. With the use of this technology, you will have all your information centralized in a single collection database, so you will be able to know which clients have fallen into arrears, which ones are at risk of falling into arrears, who has complied with their payments, etc.

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2. Prevention is better: filter your clients and create collection policies
Proactive actions help to get paid on time , but it is better to combine them with certain preventive measures. Thus, for example, it is convenient to reduce the risk of encountering clients who are prone to default. But what can these measures be?

First of all, it is good to know the background of the clients to know how good payers they are. If there are no complaints about the payment of their obligations, with former contractors it is a good sign. It is also advisable that in the contract you sign with them you implement clauses on the actions that will be taken if the payment of the services is not fulfilled on time.