Proper management of debts is essential for your business if you provide credit to your customers. If you do not have a framework to deal with these problems, you will end up losing money due to bad debts. Also, your cash flow will be compromised if the money owed is not paid on time. Ideally, you should hire a debt recovery agency to help you with collections. However, you can also take some in-house measures to prevent the issues related to due credit.