The best way to manage accounts receivable, credit and collections is to have procedures in place which fit your business model and follow them. Most companies have the appropriate procedures in place, but some

The goals you set for your AR department should be determined by the type of business you are in. Credit and accounts receivable practices can vary from industry to industry depending on the commercial,

The best advice I can give you before we discuss tips for a killer collection plan is to automate your accounts receivable and credit system if you haven’t done so already. Managing accounts receivable and

What tools are you using in your receivables management strategy? If your organization is using spreadsheet for receivables management, we can assume with some level of certainty two things about your collectors; (1) they’re

Chardon, Ohio, November 18, 2014 Today, e2b teknologies, publishers of Lockstep Collect accounts receivable management software, announced the availability of a new accounts receivable fiscal year-end checklist. The checklist serves as a resource for businesses

[vc_row][vc_column][vc_column_text]Practicing accounts receivable management is one of the easiest ways to ensure your business has a healthy cash flow. Unfortunately, not all businesses know where to start with accounts receivable, or are simply engaging in

In many organizations, there is a ton of pressure to improve the order to cash process; however, many departments don't know how to make this change happen. Aberdeen, a market intelligence company, researched this topic

Do you meet with your CFO to go over accounts receivable performance metrics on a regular basis? According to a recent survey of NACM members, 49% of credit professionals meet with their CFO, treasurer, or

[vc_row][vc_column][vc_column_text] WHAT IS THE ROLE OF THE CONTROLLER? A controller is the head of an accounting department in the company and is in charge of all those within the accounting department, such as accounts payable

If a large customer comes to you and shares their financial problems, it is time to open up your ears and hear them out. You should be happy they are discussing these issues with you.