Collectors lack confidence in collections management metrics.(Headline: Aceva Technologies)
Publication: Business Credit
Publication Date: 01-MAY-06
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COPYRIGHT 2006 National Association of Credit Management
A survey of financial, collections and receivables executives at mid- to large-sized companies in varying industries discovered that collectors lack confidence in the reliability of collections management metrics most commonly used by corporations today. In addition, the survey found that companies that use collections management software are more effective and motivated as they spend less time on tactical tasks and more time on strategic deliverables that impact the bottom line.
According to the survey, though past due percentage and aging bucket performance are the most...
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