Thursday, September 16, 2021

Why Manufacturers Need On-Time Payments

Is your manufacturing business struggling?

Are you receiving on-time payments?

Manufacturing is a 24/7 job. If there are any lapses in production, this can have a domino effect that can lead to bankruptcy. 

man working on a machine | commercial debt collection Michigan

When your customers don’t pay on time it can hurt your business very quickly. You need stable cash flow to continue operating. Time lost is money lost in your industry, so you don’t have time to chase debtors. Depending on the debtor, you could be chasing hundreds of thousands of dollars. That might cause you to cut down on production or take fewer orders, decreasing your cash flow, and your business could go under.

See other ways commercial debt collection can help the manufacturing industry on our website!

Experienced Commercial Debt Collection in Michigan

At Ross, Stuart and Dawson, debt collection in the manufacturing industry is one of our areas of expertise. We act fast so you can get back to work. RSD is certified by the Commercial Law League of America and can even help with international debt collection. We’ll collect with kindness to keep a healthy relationship between you and your debtor.

For commercial debt collection in Michigan, contact RSD today!

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