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Managing Multiple Hierarchies in Accounts Receivable Debt Collection
Date: Thursday, September 14, 2017
Sponsored by Lorman Education Services
Many companies carry over 30-40% of their revenue in accounts receivable each month often times dealing with parent companies and their subsidiaries.
This topic helps the person(s) responsible for billing, cash flow, and revenue cycle management understand how to establish a proactive work-flow for improving A/R management, measure collection performance and to understand the processes required when dealing with multiple levels.
This information also explains the work-flow to establish the internal collection process, discusses benchmarks and analyzes current position and sets goals to reach peak performance for next back dollars and results.
Failing to have a proper A/R work flow system is the most common error companies make in collecting bad debt and managing multiple hierarchies in their customers. Setting clear guidelines for your new financial policy will counteract lost revenue, bad debt write offs and costly internal mistakes.
This Live Webinar Covers These Hot Issues:
How to Define Internal Collection Policy
Effects of Aged A/R and Bad Debt
Cash Flow Plan
Credit Information (Sponsored by Lorman Education Services)
For Detailed Credit Information page click here
Laurie Boisclair, Transworld Systems
(Not available outside the US)