A recent survey has reported that businesses worldwide are more likely to increase their use of outsourced collection services to improve cash flow and increase liquidity. The survey revealed that Belgium and the Netherlands showed 44 per cent and 43 per cent increased use of outsourced collections services.

The survey was conducted by the 'Global Collections Review' and included over 3,500 companies across four continents by the credit management and collections specialist Atradius.

The Economic Times reported that companies will be outsourcing their collection work in order to recover business-to-business international and domestic trade debts.

The survey was conducted among 3,538 businesses across 20 countries including Austria, Belgium, Denmark, France, Italy, the Netherlands, Poland, Spain, Sweden, Switzerland, the United Kingdom, Australia, Canada, China, Hong Kong and the USA.