B2B Debtors Collections - Where GGA Comes In
One of the key problems businesses face is the “delay in collections from debtors”. No one pays without multiple reminders, and the vendor who follows up the most gets paid.
But the sales teams are busy with sales activities - their priorities are to sell and nurture relationships, due to which they are hesitant to request the overdue payments. This often leads to an increase in Debtors' Ageing and Provisions for Doubtful Debts. Customer issues also remain unidentified and unresolved.
GGA assists in solving these issues for your business. With a higher engagement with customers, the sales, as well as collections, will increase.
With us, your sales teams can focus on driving incremental revenue, while we work as an extension of the organisation's receivables team to focus on timely collections from customers on your behalf.
GGA Service is Always Relevant - Even More So, When:
- Sales teams are made to chase collections. They usually don’t have the time to do so as they would rather focus on sales!
- Customers use the vendors as a “Bank”. Many of them use someone else’s funds to run their business, which spells bad news for the vendors.
- A customer pays the client, who calls more often, which means they have to build a “payment release recall”.
- Customers never inform the issue they have about the invoice. They would rather wait for vendor follow-up and may end up never paying unless the matter doesn’t get resolved.
- Companies have a headcount issue. In such cases, increasing revenue becomes a challenge because of limited resources.
