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Advanced Debt Collection Techniques – Commercial Debt

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Do you believe that your Debtors will Pay you?

South Africa is dealing with a debt crises and it is now more important than ever before to consider the best strategies to collect and manage outstanding debt.These tough times are becoming even tougher with continual deteriorating conditions and a possibility of another recession. Organisations need new strategies to manage debt and remain in business. Companies are under tremendous pressure to bring in outstanding debt and maximize profitability. All indications are that the next few years will bring stresses for organizations. Large and small companies are slowing down their payment to improve their cash flows.Statistics show that legal actions has declined in 2017 as they are expensive, time consuming and the National Credit Act has scared credit granters from taking debtors to court for fear of being branded “Reckless Lenders” With the Companies Act now effective from the 1st May 2011, Business Rescue has also become a reality and companies have already applied for Business Rescue. Indebtedness is also outstripping growth in the economy.


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