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SmallClaimsFactory.eu

Turn your financial waste into energy

Turn your financial waste into energy

A debt that is not collectible is worthless to the creditor. Practically this often means that small debts and debts that are considered to be too costly to be collected, are simply written off. Most Financial Managers use standard techniques to determine whether or not a debt should be written off. They often analyse the collectability of the claim to determine if a write-off is required. When they decide that a debt - especially a small one - has been on the books for too long, generating a negative impact on the organisation's performance (typically the DSO, Days Sales Outstanding and the ADD, Average Days Delinquent), the decision is simply made : write-off.

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