How to reduce default?

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Default rates in Brazil have never been as high as they are today. There are several reasons behind this, but the truth is that, regardless of the reasons, it is your duty to fight to reduce them within your company. To do this, it is essential to use strategies and tools. An effective example is the collection rule .

Another effective way to reduce a business’s default rate is to invest in el salvador phone number list credit analysis. After all, this sector acts as a sort of “filter” that separates good and bad payers. If your company does not have a good credit analysis team, your customer base will consequently have a high number of risky creditors.

It is also possible to seek assistance from companies specialized in financial matters, such as Global, which has been operating in the market for over 25 years and is prepared to offer the best strategies and financial solutions for your business.

Throughout this article, you may have noticed that the provision for doubtful debts is an essential tool for responsible financial management and essential for the sustainable growth of a business.

So, if you haven’t yet included this practice in your company, now is the time. The knowledge acquired in this article will serve as an excellent foundation for you to apply PDD in your business and continue on the path to success.