Author
Camilla Brandt
Analyst · data and economics
Camilla is behind Rieck's analyses of what late payment actually costs. She turns the interest rules, statutory fees and payment data into calculations.
Written by Camilla
5publications1figure
DSO does not measure how good you are at collecting
DSO rises when you grant longer credit and falls when you sell less. So it is not the figure that tells you whether the work is working.2figuresThe price of one day of payment time
Every day your customers pay later ties up exactly one day's revenue in the debtor ledger. Here is what it costs — and what it is worth to put right.2figuresLimitation is not a deadline. It is a write-off nobody has booked
A claim is 100 % valid right up to the day it is worth 0. No warning comes, and no notice comes. This is what the curve looks like.A credit policy is not a document. It is a limit somebody has to dare to enforce
Every large organisation has a credit policy. Most of them also keep it in the place nobody looks when the customer is big enough.Before the case arisesHow to read the aged debtors report
AfterwardsYou can read the report band by band and know what has to happen to each group — instead of looking at the total and feeling bad about it.Or let us do it for you
Everything in here is written so that you can do it yourselves. If you would rather have the deadlines, the fees and the bailiff’s court run on their own, we will take it from there.
Create free account Up and running in five minutes