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We often talk about the importance of having an efficient and effective collection process and how, from a process improvement perspective, collectionsautomation provides substantial benefits. We don’t, however, want to minimize the importance of the credit side of the equation.
Your Virtual CreditManager is a reader-supported publication. For a masterclass on Credit Department Digital Transformation , join David Schmidt online December 3, 2024, at 1:30 PM EDT. If you have collectionautomation software, you end of the year communication strategy should be embedded into your collection workflow 9.
To continue reading and learn ten ways to protect your company from rising interest rates — the first nine are directly related to receivables management — you need to be a paid subscriber to Your Virtual CreditManager. Conduct thorough credit checks and analysis to minimize the risk of default.
A Cautionary Tale… As a corporate creditmanager, I periodically was tasked with other finance department activities. Do you need help collecting past due receivables or understanding your customer portfolio risks? Learn More About Credit Reports Please share this newsletter with your small business customers.
Digital debt collection improves efficiency and collection technology trend rates even in remote places while lowering recovery costs and reducing delinquencies. What is the Operating system for Debt Collection? The post DEBT COLLECTION INDIA: NEW TRENDS IN 2023 appeared first on MNS CreditManagement Group (p) Ltd.
Before the turn of the century, the answer would have been collectionautomation or remittance processing software because they provided the greatest return on investment. Your Virtual CreditManager is a reader-supported publication. it just might help them collect faster and pay you sooner.
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