A recent survey has reported that as a result of the economic crisis, businesses worldwide are more likely to increase their use of outsourced collection services to improve cash flow and increase liquidity.

The survey revealed that Belgium and the Netherlands showed 44 per cent and 43 per cent increased use of outsourced collections services.

The survey, conducted among 3,538 businesses across 20 countries in four continents, reported that companies will be outsourcing their collection work in order to recover business-to-business international and domestic trade debts.

“Outsourcing is one of the few areas that has grown as a result of the recession,” comments Helen Child, Chief Executive at G-T-P. “Our Clients have found that the decision to outsource their sales ledger and credit management to G-T-P and provide their customers with a business Account Card has given them a distinct advantage over their competitors, at a time when managing costs and improving cash flow are critical.”

www.outsourcingfocus.com