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Claims against defaulting debtors double

SmartCompany /

Keeping a tight control over your debtor ledger is crucial to surviving these times.

If a customer who usually pays in 45 days starts to drift out to 60, you need to be asking the question as to why that is (there is always a reason).

Spreading your risk over a number of customers is a great way to mitigate risk. Stress testing your company’s resilience to a bad debt is also a good way to get around it.

I found this video very useful.

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