The definition of an agent is a person or company or institution that represents a company to make sales on behalf of the entrepreneur being represented.
The definition of billing is a process to collect debts so that someone who has receivables pays as promised.
So that it can be concluded, a collection agent is a person, it can be a company or institution that represents a collective effort to someone who has receivables on behalf of the person he represents.
About 1/3 of companies do not pay their bills on time. Only 2.5% of UK companies pay after 90 …