Sole proprietors and corporations who have trouble collecting their own overdue bills should consider hiring a third party to handle their overdue accounts.
Most business owners and managers do not have enough time to handle collections themselves. The other alternative is to assign the job to an employee who is not a full-time, professionally trained debt collector. Most of the time this will be a task that your employee is uncomfortable with and they will be unable to collect on a good portion of your overdue debt. Additionally they won’t have the expertise to be persistent without damaging your relationships with your customers.
The solution is to hire an outside collection agency to handle your overdue accounts.