The €50K Question: When Does Chasing a Late Invoice Cost More Than Writing It Off?

You've got a €50,000 invoice outstanding. The temptation to chase it relentlessly is strong, but have you ever stopped to calculate the true cost? For international creditors, CFOs, and accounts receivable professionals, understanding when the pursuit of a late payment becomes a financial drain is crucial. This video dives deep into the hidden expenses of debt collection, from internal resources and legal fees to the opportunity cost of focusing on non-recoverable debt. We'll equip you with the insights to make informed decisions, ensuring your collection efforts yield a positive ROI and don't inadvertently erode your bottom line. Learn to distinguish between a worthwhile pursuit and a costly dead end, safeguarding your company's financial health in a global marketplace.