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How companies are improving cash flow and reducing costs with credit and collections automation.(selected topic)
Effective management of trade receivables is a critical area to target for liquidity management and process improvements as it is a key driver of cash, cost containment and customer relationships.
Companies that automate credit and collection management as well as dispute resolution realize an immediate and substantial increase in cash received. These companies have come to understand that the benefits of a fully automated receivable management process are transformational.
How Technology Is Helping to Change Credit
Automated decision systems, credit scoring and data warehousing are great tools for fulfilling the classic role of the credit ...
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- MicroBilt Launches New Online Collections Service Through CreditCommander.com.
- Press release article from: Business Wire May 6, 2003 700+ words
...CreditCommander.com, Designed to Shorten Collection Cycle MicroBilt Corporation, leading online...collection or thousands, they can begin the collection process immediately, shortening the collection cycle with greater chances of full payment...
- Automating remittance processing shortens the collection cycle.
- Magazine article from: Business Credit Schmidt, David A. January 1, 1997 700+ words
...Often taken for granted, the routine of making out deposits and applying payments is a critical factor in the credit and collection cycle. You should deposit and clear checks as soon as possible to provide ample cash for corporate needs. By posting remittances...
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...listing prospectus released yesterday. DBS Asia Capital, lead manager of the IPO, warned the company's prolonged payment collection cycle could affect its working capital position. "If [the company] is unable to obtain sufficient funding to finance the...
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- Magazine article from: Los Angeles Business Journal Cleland, Steve June 17, 2002 700+ words
When examining your collection process, the goal is to reduce the collection cycle--the time between a sale and your actual cash receipt deposit in the bank. To achieve this goal, you need to focus on three...
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LONDON, Jan. 5 (UPI) -- Two-week collection cycles for trash and recyclables left outside British homes are feeding an increase in the rat population, a study said. The National Pest Technicians Associated reported a 39 percent increase in calls to rat catchers during the past six years, Sky News
- Improving the collection process.
- Magazine article from: Government Finance Review Larson, M. Corrine August 1, 1995 700+ words
...their revenue stream. Overview of the Collection Process The collection process involves many different players - the jurisdiction...passes laws and ordinances governing the collection process; various departments within the government...
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- Press release article from: PR Newswire April 8, 2003 700+ words
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Source: HighBeam Research, How companies are improving cash flow and reducing costs with credit...