Five Ways to Reduce Your Days Beyond Terms

Posted by Joachim Bartels | May 18, 2012 | Credit Management, Debt Collection and Recovery, Experian, Uncategorized, United Kingdom | 0 |

Late payments are the silent killer in every business.

The longer a business takes to pay its bills has a direct affect on your profits. A 10% profit margin quickly erodes with every month that passes before you get paid. In short, late payments cost you money. But by taking a few measures to lower your Days Beyond Terms (DBT) average and avoid late payments, you can protect your profit margin.

To find out more click on the attachment: 5 Ways to reduce your DBT

This document was provided courtesy of Experian UK http://www.experian.co.uk/

About The Author

Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

The BIIA library is approaching 10,000 news items and best demonstrated practices. BIIA members receive regular news alerts on key developments in the industry and the regulatory environment. The BIIA readership is widespread: between 4 to 5 thousand unique visitors access BIIA.com per month.