For businesses that do not ask for cash payment at the counter, customers are expected to honor the invoices at afterward. Unfortunately, over 60% of the debts are often dishonored. For the business with huge debts that are yet to be paid, they need to develop excellent plans of claiming the money. For many enterprises, they rely on accounting software such as Zuora to help them process pending payments. Read on here to learn how you can use some Zuora alternatives to have your unpaid debt settled.
A positive attitude is among the Zuora alternatives you should emphasize. You should ensure to taper your emotions when claiming your debt so that you do not quarrel with your loyal customers. You should know you are not a debt collector. As such, avoid using forceful means and threats to intimidate customers into repaying you. Since customers could be showing the possibility of honoring their debt obligations, a positive attitude is needed to allow them more time to accept the invoices.
Vast knowledge of the debtors is also among the effective Zuora alternatives that your business can adopt. You should know the number of customers who are often late, but they pay the debt after a few follow-ups. You can gather the payment ability of customers by assessing their payment processes and the time they often deposit money. Before you disburse goods on credit, observe the Zuora alternatives to understand the creditworthy customers.
A reminder letter is also among the suitable Zuora alternatives that urge customers to pay their invoices. you will be surprised to discover that some customers are overwhelmed by a flurry of activities that make them forget your unpaid invoice. You can email or even post a letter to the customer to remind him that a given payment is late. There are many cases where invoices are overdue because clients forgot to pay the required debts. Before you consider aggressive Zuora alternatives, use this indirect method because it will save you unnecessary effort.
Debt collectors are other Zuora alternatives you could consider in case you need your money to be collected rapidly and in a professional manner. The specialists will follow up on customers, and find out why they did not honor their debts. These professionals will also give you a timeline to honor your obligation.
In some cases, business lawyers will save you the stress of pursuing customers. These professionals will engage debtors on your behalf.