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Latest Industry Statistic
The results of the surveys clearly demonstrate the critical importance of taking positive action when an accounts receivable ages past its due date.
The chart graphically
illustrates the critical importance of taking early action when an account receivable goes past due as, even after only three months, the probability of collection drops to 73.1%, and after six months to 50%. At one year past
due, there is a 75% chance that the delinquent account will never be collected.
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