Maintaining cash flow is vital to your enterprise’s success. When you do business with international clients, you might find that debt collection is more difficult than with local accounts. The steps below might help you with accounts receivable management of foreign funds you deserve.

Ways to Handle Debt Collection From International Clients

1. Use the Late Payment Laws of the United Kingdom

If your late-paying clients are in the United Kingdom or European Union, you might be able to engage in debt collection activities under the UK’s Late Payment of Commercial Debts Act. You may be entitled to charge and collect interest and penalties for those delayed payments. 

2. Withhold Copyright

Under the Digital Millennium Copyright Act (DMCA), if the work you performed is copyrighted, you might have the option of withholding the copyright until you receive payment. The DMCA notice and takedown process offers protection for copyright holders to get material taken off of websites when it infringes on their copyrights.    

3. Hire an International Debt Collection Agency

Hiring a professional collection agency that’s qualified to engage in international third-party collection increases your chance of recovering the money you have earned. Working with an experienced accounts receivable management company will relieve you from navigating complex international collection laws and protect your cash flow. With their help, you can focus on serving your customers or clients and building your business.  

International debt collection involves in-depth knowledge of global laws and procedures. The skilled and knowledgeable professionals at Joseph, Mann & Creed in Twinsburg, OH, offer almost 20 years of experience to businesses that need debt collection locally and worldwide. This firm holds respected memberships, including the International Association of Commercial Collectors. Put your accounts receivable management in the hands of a team whose founders have 65 years of experience in the third-party collection industry. Visit their website for more information about their services, and call (216) 831-5626 today to schedule an appointment. Follow them on LinkedIn for the latest business news and information.