It seems, when a customer doesn’t pay there’s little you can do. You can try legal action but it’s expensive and even if you win the case there’s no guarantee of getting paid. So what other choices do you have?
Colin Porter, CEO of Creditor Watch talks about a new online registry where you can report on bad-debtors and check out the credentials of potential new customers. It’s part of a mix of tools that includes getting your paperwork right and following rigid processes within your company.
Find out more about Creditorwatch and other ways to avoid bad debt in this edition of BTalk.