Administration of debtor payments

According to statistics, only 40-60% of Latvian enterprises manage payments on time. Creditors apply effective credit control system which allows paying 60-70% of invoices.

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.