Every small business knows the importance—and the hassle—of collecting past due balances. Also known as accounts receivable, small business debts must be resolved to maintain positive cash flow and keep the lights on. To avoid cash flow problems, there are some efficient strategies for any small business to keep the books clean and healthy.

In emerging markets, tax administrations must strive to be as effective as possible in rolling out new initiatives, creating the proper infrastructure for their future tax collection efforts. Here are a few examples of how administrations may begin to keep up with a rapidly growing economy.

Personal debt tends to increase around the holiday season thanks to traveling, shopping and similar activities. Implementing an effective debt collection process is particularly important during this time of year, especially with people frequently out of town and maximizing holiday budgets.

Trying to figure out the best way to collect past payments? Is your current method failing to work as it should? Look into automated debt collection—a simple yet effective method of collecting that offers a variety of benefits, including time to focus on other aspects of your business.

Dealing with customers who don’t pay is never pleasant, and can seriously affect your ability to pay not only company bills, but personal bills as well. Rather than watching your business be affected by financial loss, check out the following options for improving the collections process:

CallFire announces a new Do-It-Yourself Debt Collection webinar for businesses interested in using Power Dialing, Opt-in Voice Broadcast, and intelligent Call Tracking to track and increase collection efficacy.   It will take place on 2/25 at 11:00 AM PST.  Our experienced collections consultant will show you how to use CallFire to increase your reach rate and collect more than ever.