![]() More than simply accounts receivable software, it can actually send payment reminders, offer payment terms to customers, and reduce the number of overdue invoices you have. In this article, we will look at what we have determined to be the best payment collection software programs out there.ĭebt collection software takes the place of collection agencies in managing payments from customers on past-due invoices. ![]() The 6 Best Debt Collection Software Programs for Small Businesses It can take the headache out of the process and automate much of the accounts receivable functions you need to get paid in a timely manner. And second, chasing after late-paying clients can be time-consuming or expensive.Ĭertainly, there are collection agencies you can work with to help with the collection process, but you’ll have to give up 25-50% of the amount due to that collection agency.Ī better solution to collect on what’s owed to you is to use debt collection software. First of all, your small business needs that revenue to pay expenses. ![]() Having customers who drag their feet on payments can be an accounting nightmare.
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