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Commercial Credit News
|Straetus expands into the USA and Australia|
|Tuesday, 16 June 2015|
Straetus, the world’s largest debt collection organization, recently signed a master franchise agreement with United Franchise Group (UFG). Straetus is already active in Europe, Russia, the Middle East and with this step within the USA and Australia as well.
“Straetus considers the USA and Australia as emerging markets, because of the payment culture of domestic companies. They are becoming increasingly uncertain and, in the absence of a harmonized framework on late payments, payment terms remain a mere contractual issue and the average DSO (Days Sales Outstanding) tends to be high. Today, for every small and medium enterprise it is crucial to have a professional debt collector as a partner.” says Emile Spruijt, CEO of Straetus International.
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