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Credit & Collections Benchmarks and Analysis 2008
IOMA, Jan 2008, Pages: 135
It’s no secret that today the credit, receivables, and collection functions are in the midst of a sea change—which makes sophisticated and reliable benchmarking more critical than ever.
The Credit & Collections Benchmarks and Analysis provides you with practical advice on how to improve your performance throughout a broad spectrum of cross-functional activities such as bank relationship management, cash forecasting and management, customer financial advising, and sales-marketing. Featuring extensive data culled from an exclusive survey of hundreds of credit pros nationwide, key metrics covered include:
- top 3 best practices for maximizing performance in credit, receivables, and collections - automation of deduction management - automation of credit decisioning - electronic invoicing - annual bad-debt write-offs as a percentage of sales - percent over 60 days past due, ending current receivables - average time to approve a new order - auto write-off tolerance - top strategies to control credit and collection costs and improve efficiencies - and much, much more
In addition, you'll get valuable insights into how “best in class” companies are successfully reinventing their credit functions to meet today’s new business paradigms with latest in electronic commerce, process improvement, technology, global risk management, systems knowledge, and automated decisioning.
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