Evidence It's Time to Adjust Your Collection Practices
Your Virtual Credit Manager
AUGUST 29, 2023
If a significant portion of your receivables are in the "overdue" categories (e.g., 30, 60, 90+ days past due), it suggests that your collection efforts might not be keeping up with customer payment schedules. Your Collections Effectiveness Index is Low : If you are measuring your CEI every month, any decline should be a red flag.
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