Date Added: Jan 2010
Finances can be difficult to manage, and when companies fail, a good percentage of that is due to finances. Poor allocation of resources, or inability to collect from customers all falls under financing. The inability to get customers to pay their debts leads to major problems for the company. Financial problems lead to instability, and the inability to function properly. As a business it is important that you get paid for your products or services, and not all customers are willing or eager to pay. So, to combat that problem and keep finances in track many companies choose to hire a collection agency to ensure payments.