Since 1997 we have seen ups and downs in the industry, so we approach the current economic situation as an opportunity. As an increasing number of Canadian families spend more than they earn, the accounts receivable management industry collects on the credit card, line of credit, retail, utility and media debts they accumulate.
The recession, with rising unemployment, is having an impact on the industry. As people's economic situations worsen, companies will have to work harder and wait longer to collect on debt. Many companies - from banks to auto manufacturers to retailers - can benefit from knowing which customers are most likely to pay, and putting their collection resources after them first.
SCORE's trusted models and expert insights allow our clients to maximize their returns in accounts receivable management.