Administration of debtor payments

According to statistics, only 40-60% of Latvian enterprises manage payments on time. Creditors apply effective credit control system which allows paying 60-70% of invoices.

Administration of debtor payments includes the following:

ü terms of payment control;

ü verbal and written notifications of payment delay;

ü collecting debts (with the exception of court proceedings);

ü reports on succeeded payments;

ü preparing reports on defaulters;

ü reports on encashment process.