Is the prevention seal just a marketing lure used by debt collection companies to get customers interested in their services? What is the point of using them, and is there any real benefit to our company as a result?
Preventive seals – what are they actually?
The prevention seal usually consists of a graphic sign containing the logo of the debt collection company and a concise text informing that failure to make timely payment will result in the assignment of debt collection to the company to which the seal belongs. The seal is usually placed on invoices, sometimes in letters containing a demand for payment. The trend of using precautionary stamps is still new, so there is no clear data yet on the basis of which it is possible to say what percentage of their use affects the timely payment of debts by contractors.
What is the purpose of the preventive seal?
However, it undoubtedly performs its primary function, that is, it is asignal that the company is monitoring the timeliness of payments. We have already written about the importance of payment monitoring in the text: payment monitoring will work for any company. The seal, moreover, also indicates to the payer that the company, in some form, works with professional debt collectors. For this reason, prevention stamps, often called scare stamps, actually discipline payers, and invoices bearing them are mostly given priority.
We encourage entrepreneurs to use this solution, as experience convinces us that in an era of widespread problems with timely payment, the use of any tools to discipline payers can be of considerable importance for maintaining liquidity.
Remember that the seals will only be a bogeyman against those contractors who did not intend to pay us on time. So if we can use them to exert pressure and receive payment on time, that only speaks for their use.
By monitoring payments and putting preventive seals on letters, we can protect ourselves from loss of liquidity and the emergence of receivables against which recovery will have to be initiated.
