There are some measures that can be taken to reduce these problems: having greater control over credit granting, offering appropriate collection methods and having an efficient collection tool. This tool, as its name suggests, is the set of measures that your company takes to collect from its customers.
Through it, you can improve your billing processes and even france email database invoices so that customers follow the same frequency as the agency and have an easier time paying for services on the agreed date. From notifications before the billing is due, to payment acknowledgements and even protesting a bill are some of the procedures that can be part of your strategy.
We decided to create this content to help you with these problems. From now on, you will see how the collection rule works and how it will help you manage the finances of your construction or development company. Let's go!
What is a collection rule?
It is possible to say that the collection rule will put your company's collection strategy into practice. In a regular manner and within the possible deadlines, all stages of contact and notification with customers will be mapped for execution.
For example, you can define that a few days before the due date of that invoice you want to send a message reminding your customer. In this way, you can also remind them on the due date and a few days later if the invoice is not paid.
If payment is not completed, even with all this, you need to plan what the next steps will be for collection. Your construction or development company may choose to make a collection call, suspend the service or even protest the title.
But, after all, how can the collection rule help reduce default?
If you've come this far, you're probably already convinced that the collections ruler is a tool that will directly impact the reduction of defaults. However, if you haven't yet, we've put together a list of benefits that using this tool brings, which are:
Preventing forgetfulness
If you, as a manager, are responsible for closing sales, getting operations up and running, and even collecting payments, it is inevitable that some task will be forgotten. However, the real problem is that forgotten tasks have an impact on your management, and collections are no different.
If it is not done properly and at the right time, there is a chance that the overdue invoice will no longer be paid.
This way, you will now have more time to dedicate yourself exclusively to other essential areas of your company.
Makes billing more professional
Establishing and organizing processes is already good, but what about making them professional? Using a collection rule, you can make this entire collection process, which is usually very delicate, more professional. This way, your customer will have a more professional perception of your company, as it even monitors advance payments.
From processes like these, it is clear that the client will give more credibility to you and your construction or development company.