We would love to share a little known fact about debt collecting.

Have a good look at this amazing graph that describes the outcomes of using different payment terms.

By introducing optimal payment terms of 21 days and being polite can increase chances of being paid (backed up by research). A simple “Please pay your invoice by” or “Thank you for your business” can increase the percentage of invoices that are paid by more than 5 per cent!

Please comment on our blog. We would love to hear your questions and opinions.