Extending credit and utilizing an invoicing system is a necessary prerequisite to growth in the commercial arena and, in some cases, the consumer market as well. Commercial end-users and contractors will typically not work with companies that refuse to extend credit terms, and in some regions, this reaches into the consumer market too.
The dark side of extending credit is that sometimes those terms come and go, and it becomes a task to collect the money that’s now past due. There are many reasons why this happens — from lost bills to unexpected additional expenses that the customer could not afford.
