Divine debt intervention
Debt recovery is a tricky business but it seems debtors are becoming ever more inventive when it comes to providing reasons for avoiding payment.
Debt recovery is a tricky business but it seems debtors are becoming ever more inventive when it comes to providing reasons for avoiding payment.
The Credit Services Association has revealed excuses for not paying touch on the humourous and veer towards the bizarre. From ‘the director’s been shot,’ to ‘I’ll pay when God tells me to.’ The CSA reveals one classic receptionist’s line is: ‘The director’s in Barbados – I can’t possibly bother him.’
The most shocking is the business who told one debt chaser every month the names of its creditors went into a hat and if he kept calling his name wouldn’t even go into the hat.
The CSA survey, which attempted to unearth the most frequently used excuse for non payment, found one woman refused to pay a vet’s bill because her dog couldn’t have puppies. The most ironic tale of debt concerned the man who withheld payment from a mail order company after receiving the title How to be Successful in Business – because he hadn’t been successful.
Late payment problems intensify
The numbers you crunch tell a story. Your expertis...
24yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleGlobal spend on accountancy outsourcing up by 40% in the space of five years. News comes as accountancy outsourcing specialist AdvanceTrack reports en...
View articleFollowing a profitability review, Deloitte has decided to scale back its UK deals business due to lower returns. This strategic shift could lead to jo...
View articleUK-based Dow Schofield Watts (DSW), a mid-market professional services network, announced the creation of a new division called DSW Principal Partners...
View articleEY has been undergoing significant cost-cutting measures and streamlining its operations since the abandonment of Project Everest. The firm has made t...
View articleTransitioning from an accounting firm to a consultancy model is only one part of the puzzle. The next, equally vital piece is making the market aware ...
View articleThis framework, while providing a top-line view, underscores the importance of strategic vision, operational excellence, and the spirit of continuous ...
View articleLooking ahead, the Big 4 firms face a challenging year, with ongoing cost-of-living concerns, slow economic growth, rising geopolitical tensions, and ...
View articleLast month it was reported that Deloitte would be cutting approximately 1,200 jobs in the United States, making it the latest of the Big Four accounti...
View article