Introduction
Pakistani businesses — especially real estate companies, software houses, agencies, and service providers — struggle with late payments. A strong debtor management strategy can turn cashflow challenges into opportunities.
For the complete foundation of debtor management, start here:
👉 https://codifyservices.com/debtor-management/
10 Best Strategies
1. Set Clear Payment Terms
Define due dates, penalties, and milestones before starting work.
2. Take Advance Payments
Always take 20–50% advance, depending on the project.
3. Automate Invoicing
Use software to avoid manual mistakes.
4. Send Reminder Notifications
SMS and WhatsApp reminders increase recovery rate by 70%.
5. Offer Multiple Payment Options
Include:
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Bank
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Cash
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Online payment
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JazzCash
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Easypaisa
6. Track Debtor History
Identify repeat late payers early.
7. Charge Late Fees
Encourages timely payments.
8. Regularly Update Ledgers
Avoid payment disputes with real-time updates.
9. Use a Debtor Management System
ERP-based systems improve efficiency and reduce staff workload.
10. Monitor Recovery Reports Daily
Reports help you identify early red flags.
Why Pakistani Companies Need This More Than Ever
Because:
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Competition is increasing
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Profit margins are shrinking
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Cashflow delays cause project failures
Full explanation is available in the main pillar post:
👉 https://codifyservices.com/debtor-management/
Conclusion
Implement these strategies to improve financial health, cashflow, and customer satisfaction.