HOW DO COLLECT COMMERCIAL DEBTS? Trade is one of the driving forces of our society and has been for many centuries. Communities have always exchanged services or products to increase the range of their possibilities. It is also commercial exchanges and the desires of individuals that have strengthened the ties between the different peoples of the world. However, the conflict has also often come about through the fault of an unsatisfactory exchange for both parties. This is why it is important to know how to collect trade receivables.
Why is the collection of trade receivables essential to your development?
In a business relationship, the objective for both parties is to profit from the transaction. It is on this basis that every day thousands of transactions take place in various forms around the world.
In this case, the collection of commercial debts is necessary for the defrauded entity. Indeed, not claiming your due is above all losing money. When a service or product is provided, there must necessarily be compensation. In addition, knowing how to be respected is important for your brand image, but also for the consideration that your own employees have for themselves. Collecting trade receivables is therefore both a matter of financial necessity and the optimization of your reputation.
What means to recover trade receivables?
The best way to collect trade receivables is of course not to have to…and for that, the choice of business partners is very important. Always pay attention to the reputation of the entities you work with, this is the key to success! Nevertheless, even with a large number of precautions taken, an unfavorable situation can still arise. Know how to call on an expert to obtain the recovery of your debts as soon as possible.
We are thinking in particular of the company Coface.fr, a well-known expert in credit insurance, but also a fine tactician in terms of risk management. The company’s worldwide reputation makes it an ideal intermediary for collecting debts because, by the mere mention of its name, debtors are already more inclined to pay.
The recovery procedure
Indeed, if your amicable collection attempts have remained a dead letter, chances are you have already thought about obtaining an order for payment. Yet you know justice can be slow, complex, and costly. No need therefore to apply for a quick micro credit to meet the unforeseen expenses induced by the justice system!