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Learn More About YVCM Consulting Case Study: Portfolio Monitoring Pays Off Big-Time About 25 years ago, a credit manager I know saved his company from a seven-figure baddebt loss by monitoring the Internet on his biggest customers. request for substantially more credit, change in leadership, merger or acquisitions, etc.).
The company ended up writing off millions of dollars in baddebt. Even worse, the company’s stock price was depressed because of the company’s high Days Sales Outstanding (DSO) , a common measure of AR management effectiveness. The increase in cash on hand was equivalent to four months of sales.
Introduction to Accounts Receivable Process Cycle The Accounts Receivable Process Cycle refers to the systematic approach businesses use to manage creditsales and collect payments from customers. This cycle begins with establishing credit policies and extends through invoicing, payment collection, and account reconciliation.
About 25 years ago, a credit manager I know saved his company from a seven-figure baddebt loss by monitoring the Internet on his biggest customers. About 15 months later, the parent company defaulted on its debt and the chain store subsidiary was indeed pulled into the ensuing bankruptcy proceedings. A Case in Point.
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