We effectively
prevent payment gridlocks
Payment monitoring
What is a payment gridlock?
A payment gridlock is a payment which is overdue up to 3 months. Most often a payment gridlock is generated by your regular customers.
Our experience shows that nearly half of the gridlocks result from the gaps in the creditor’s control system.
A gridlock is not only about the value of money over time. Some gridlocks grow into debts, which are not always collectable.
Our blog
What about business after the corona?
I have a 3,5-year-old at home. Recently, she’s been walking around the apartment and asking, “Dad, where is the virus corona?” It’s impossible for me to stay at home all the time during the quarantine unless I switch to some sedatives. I live in a block of flats. We went for a walk yesterday to look for the corona. Gloves, masks, full gear. The neighbor downstairs did not get on the elevator with us. He kindly thanked for the ride together and waited for the next ride. […]
The 3 most common errors in receivables control. How to prepare for action after the coronavirus?
We know that there are challenges ahead. That’s all we know. What are these challenges? Nobody knows. There is something, however, that we do know: a road to the abyss for some may turn out to be a runway for others. How to quickly construct a business paraglider? The bad news about the new coronavirus cases, the wave of company closings and potential economic consequences is still dominating. Fortunately, the swallows of good hope are starting to appear. […]
3 effective tools to counteract gridlocks. Why don’t creditors use them?
I know from experience that creditors do not use all the tools to counteract gridlocks. Counteracting, that is expertly monitoring payments, can be based on several useful tools. Unfortunately, most industries do not use them. Why is this happening? Payment gridlocks have a lot to do with car accidents. According to the police reports, most car accidents occur on a straight stretch of the road on a sunny day […]