Explains how to collect debts more efficiently in order to save costs and increase profits.

 

To demonstrate the impact of collecting debts more efficiently in the overall mix of financial or profit levers that can be 'pulled'

 

1. Assessing the current debt collection situation

2. Calculating current cost of providing credit

3. Surveying competitor's credit terms

4. Analyzing alternative possibilities

5. Identifying money saving opportunities

6. Calculating current debtor turnover rate on existing debt

7. Maximizing cash flow

8 .Adopting more efficient debt collection strategies

9. Measuring money saved by better systems

10. Benchmarking debt collection methods