First Party Collection

by Anushree Sharma Business Developer

When an invoice is not paid by the due date, the original creditor, sometimes known as the "first party," has the right to pursue the account holder for payment.

Recommended Features

Sending invoice status reminders to your customers
Dispute registration
Payment plan monitoring
Submission of Final Demand Letters (if necessary)

Learn more about First Party Collection»

Review on First Party Collection

First Party Collections is a division of MNS Group that manages commercial receivables. We free you up to focus on your core business activities by removing the stress of credit monitoring and giving you more time to focus on your core competencies. The benefits of using first-party services are:
- Better account collection
- Improved cash flow
- Reduction in bad debt
- Cost-effective method of converting outstanding amounts receivables into cash expeditiously and economically

Related to First Party Collection

The Benefits of Outsourcing your Debt Collection to the Experts According to Pau...

Many small businesses and companies simply do not have the internal resources required for effective debt collection. Even where these frameworks are in place, the personnel may not have the necess...