Introduction Accounts Receivable Management (ARM) has been a popular process to outsource for decades. Tracing, contacting, negotiating, and following up with your customers can absorb a great deal of your employees’ time and resources. Outsourcing your ARM process is simpler and safer than it has ever been: the right partner company will help you to… Continue reading 5 Questions About Outsourcing Accounts Receivable Management
Category: Debt Collection
Key Accounts Receivable Metrics: 4 Essential Measures for Financial Health
Every company needs good accounts receivable management. But how do you know you’re getting it? Like just about everything else, your management of this task can be measured—and it should be. In fact, poor cash flow management—often stemming from ineffective accounts receivable processes—is responsible for 82% of business failures (SCORE.org). Download our case study to… Continue reading Key Accounts Receivable Metrics: 4 Essential Measures for Financial Health
How to calculate your average collection period ratio
TL;DR: The importance of metrics for your accounts receivable and collections management isn’t lost on you. You need a measuring stick to determine exactly how effective your efforts are. Download our whitepaper to see how we help clients run successful campaigns Accounts receivable metrics can tell you. There are plenty of metrics to choose from,… Continue reading How to calculate your average collection period ratio
What Is Skip Tracing in Accounts Receivable and Debt Collection?
TL;DR: You’re keenly aware of just how important accounts receivable is for your business, and you know how difficult it can be as well. While you hope most of your customers pay on time, without any difficulty, there’s always going to be those customers you need to chase down for payment. With the recent impacts… Continue reading What Is Skip Tracing in Accounts Receivable and Debt Collection?
How to create and implement an effective credit policy for Accounts Receivable Management
TL;DR: A credit policy is the cornerstone of a good accounts receivable management process. Creating one isn’t always easy, though. It takes time, thought, and effort to devise a truly effective credit policy. And it’ll take a while longer to implement it within your company. Download our Case Study to see how we help financial services… Continue reading How to create and implement an effective credit policy for Accounts Receivable Management
