Administration of debtor payments
to statistics, only 40-60% of Latvian enterprises manage payments on time.
Creditors apply effective credit control system which allows paying 60-70% of
Administration of debtor payments includes the following:
ü terms of payment control;
ü verbal and written notifications of payment delay;
ü collecting debts (with the exception of court proceedings);
ü reports on succeeded payments;
ü preparing reports on defaulters;
ü reports on encashment process.