In present scenario there are increasing number of businesses which have needs to recover bad debts and dues. To tackle this growing debt problem a number of credit management agencies (debt collection and accounts receivable firms) are emerging. They provide credit recovery services on national and in some cases are capable of offering a global service to various financial institutions.
The recovery of outstanding debt and management of cash flows is however a crucial process to avoid business losses that can lead to the failure of a business. An increasing number of international debt collection agencies have opted to develop a debt collection management system suitable to the needs of the international market, enabling them to manage all cases.
