- TypeWebinar
- Location Leawood, Kansas, United States
- Date 23-02-2021
Business Development
Finance
Why Should You Attend
Collection prioritization guides the collection process by specifying in what order customers are contacted to secure payment of open receivables (i.e., AR). This applies to both B2B and B2C receivables.
It focuses the scarce collection resources in your organization to minimize AR delinquency, risk of bad debt loss, and cost of AR management, while maximizing cash flow from AR.
Objectives of Today’s Discussion:
» To define how an effective collection prioritization methodology is developed
» To recognize that every organization’s Collection Prioritization will be different.
Key elements to be discussed are:
Alignment with Your Organization’s Strategy
» Go to Market
» Trade Credit
How to Develop the Right Collection Prioritization for Your Organization
» Know your AR portfolio: dimensions, customer characteristics, etc.
» Define Prioritization Parameters
» Blending Multiple Priorities
Benefits: Effectiveness and Efficiency
An optimal Collection Prioritization Methodology must be carefully tailored to an individual company. No two companies will have the same Go to Market or Trade Credit strategies, the same product/service mix, or the exact same customer base. These differences must be incorporated into the Collection Prioritization strategy to achieve optimal results.
Objectives of the Presentation
» To define how an effective collection prioritization methodology is developed
» To recognize that every organization’s Collection Prioritization will be different.
Areas Covered in the Session
Introduction
Align with Your Organization’s Strategy
» Go to Market
» Trade Credit
How to Develop the Right Collection Prioritization for Your Organization
» Know your AR portfolio: dimensions, customer characteristics, etc.
» Define Prioritization Parameters
» Blending Multiple Priorities
Benefits: Effectiveness and Efficiency
» Case Studies and Conclusion
» Questions
Who Will Benefit
» CFO’s
» Controller
» Treasurers
» Customer Financial Services Managers
» Credit Managers
To Register (or) for more details please click on this below link:
Email: [email protected]
Toll Free No:1-844-511-8858
Tel: +1-913-871-1466
Optimal Collection Prioritization enables an organization to achieve excellence in Accounts Receivable (AR) management at the least cost
2712 W. 121st Ter. Leawood, KS 66209, USA.
8445118858 Fax No: 662092712 W. 121st Ter. Leawood, KS 66209, USA.
8445118858