Accounts Receivable Mgmt.com

Hello all,  just thought i would let you know what we are presently working on several great article. A great Article on Fraude in your business coming in at the beging of August or Sooner. Another one  is all about employee retention and how to build a proven and tested program ( more towards the end of August ).Obviously we are also working on a great article about the economy which will just provide lots of information another must read. This is just to name a few  so stay tune August and ...
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Hello and Welcome to all of you who have looved at the website www.ncnjournal.com and have linked here to find out more. This blog willlet you know what the editing team and i will be working on for up comming issues as well as possible situation . i will try to update this regularly during the week and tell you what is happening. That way just like the rest of us you will feel , the good , the bad and the ugly that can happen when trying to run a Journal. Also we invite you to comment and ad...
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i Have always dreaded this question for years . Your boss come's in to your office and says ."you have to cut your budget by 30% " this is your contribution to be business. Already Credit and collection is always seen as a cost center not a profit center for the business.
Luckily for me this has happen to me only once. The reason why i believe is that i have always taken the bull by the horn and work very hard to change this perception. Yes there is the classic argument that we help to maintai...
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The reality is Collection agency relationship needs to be manage like all your customers and suppliers. There are multiple reasons why you need to take good care of your relationship.
1) If you get into a problem situation and you need there assistance. Such as a year end cash push or a big account that you need to find out quickly how it's going to turn out.
Having this relationship helps you get thinks done more efficiently.
2) Developing a good relationship let's you get inside information so...
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One of the worst situation I have ever had the unfortunate pleasure of managing in my professional life is terminating a contract in which a collection agency was granted the right to start collecting clients as early as 90 days.  Although 90 days might have been seen as a reasonable delay . However in the industry i was in 90 days was just a little over the norm of 80 days.The collection agency had sold the idea to my predecessor ,which shall remain nameless, that if they start there work ea...
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Have you ever though of how much money do you spend on your monthly statement and/or notice letter. Well you should every activity has to be measured agains it's cash return. Specially with the economic situation many people are receiving them. this means it's intended effect may no longer work as well as before. i am sure if you look at the cost of each letter mutlipled by the numbers you sent this become an expensive exercise if afterwards you have to call the customers anyway. The purpose ...
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This blog is about exchanging on recent topics within the Accounts receivable sphere .
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