Nigeria's First Debt Recovery Company Starts Operation

By Innocent Anaba, The Vanguard

Businesses burdened by huge debt have received relief through the coming on stream of Nigeria?s first professional account receivable management and outsourcing firm, Business Process Outsourcing (BPO).

The company whose creation had been in the mould for sometime to ensure a tidy outing finally threw its doors open to business and parades specialists in all areas of account receivable outsourcing, back office reconciliation, commercial debt collection, due diligence and customer service training.

An official of the company, Chris Imachukwu, a receivables management specialist, said that local businesses are burdened by huge receivables in their books not entirely as a result of the perceived culture of the average Nigerian to avoid payment but more out of lack of training and understanding of collection methods that not only get you the cash but at the same time help you keep your customer.

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