money.jpgDuring the 1997 financial crunch, Asian economies were hit terribly hard and businesses suffered a heavy toll resulting in pre-mature Chapter 11 declaration by some while forcing the others to embrace insolvency. This year’s economic recession is also slowly putting many businesses at risk. Debt collection teams of most companies start to put pressure on customers to get their accounts up-to-date, where in some cases, quite impossible to achieve. When managing account receivables becomes a daunting task and companies start terminating contracts or services due to non-payment of dues, commercial collection agencies usually come to the scene before the creditors pursue a legal suit against the defaulters. One of the collection industry’s most rapidly growing companies, Pyramid Financial Solutions, is an expert in debt collection or receivables management. With fully customized collections campaigns and multiple debt solutions, they ensure a maximized debt collection while saving time and money.