The business landscape across many industries has been changing rapidly, and as a result, collections policies and also procedures are getting old. Therefore, it is more important now for organizations to consider having revised collections strategies and procedures.
The eBook provides solutions for developing effective strategies to collect accounts receivable.
Get a deeper understanding of:
- The purpose of the collections policy
- Goals of the collections department
- Set of collections procedures
- Measurement criteria to evaluate the effectiveness
This is an integral element of a sound and also comprehensive credit policy. Therefore, having an effective collections policy in place promotes consistency and aligns business goals with business procedures.