| |
| |
|
Management Information |
|
|
|
Collections Management
How long does it take your customers, clients or patients to pay you for the products or services you have provided? Have you developed a consistent collection management program? Your answer to the above questions is a leading indicator as to how well you collection management is. Sending an invoice doesn't always result in payment. Successful collection management s a matter of making your payment terms crystal clear and separating collection management from new business functions, in other words - keep your emotions out of collection management!. You can't be hesitant or soft in collection management. Collection management is a sticky subject because it can require getting tough with the very same customers that pay your salary. Many small businesses handle the collection management process in-house, either by having their sales staff with the task of collecting their accounts (talk about playing on both sides of the fence) or by using billing staff that have never had formal collection management training. Frequently, a business will consider turning over a past-due receivable to a commercial collection agency after it has been outstanding for 90 days. At their core, collection agencies try to get the money owed by using a combination of letters and telephone calls. The are just professional and full time collection management firms. Monitoring slow-paying accounts and adopting timely and systematic billing practices are just two ways you can help reduce your receivables using collection management. Collection Agency Outsourcing offers you free information on collection agencies and debt collections issues.
MORE RESOURCES:
Google News |
|
|
|
RELATED ARTICLES
When Change Is In the Wind...Heads Up! In these days of takeovers and mergers, of downsizings and lean management, chances are that you are going to be caught in a job upheaval at least once in your career. Probably more than once!Change in the wind may come like an invigorating breeze on a hot humid night. Spirits in the Corporate Boardroom.......Oh, sure...... There is a growing movement in the spiritual and holistic fields to bring a more metaphysical and human potential approach to the business community. Holism has been intergrating into both the health and mental health professions for many years now. Using Employee Opinions Effectively When Designing HR Programs Using Employee Opinions Effectively When Designing HR ProgramsEmployee opinion is one of the most powerful resources available to human resource professionals. But what are the best methods for harnessing those opinions?Conversation - Welcoming feedback via informal conversation is the first step towards utilizing the viewpoints of employees. Out of Control? There are papers on the floor, across the desk and resting on the keyboard. Piles of files are all around. Five Strategies To Strengthen Your Company's Financial Management Too many businesses wait until a crisis occurs before they start to focus on improving their financial management. Often, by that time, it can be too late. Are You in AWE of Your Employees? Employers have become so concerned about seeming "unfair" or worse becoming the victims of lawsuits by unhappy ex-employees that they've stopped requiring minimum standards of employees. This can only lead to poor individual and eventually poor company performance. Five Steps to Successful Business Succession The great majority of family businesses in North America are still owned and operated by descendants of the founder. The business acumen that these first, second, third, and sometimes fourth generation managers possess largely determines how much longer the business will remain under family control. Structure Your Payment Offers to Sell More Products The way you structure your payment offers can increase your sales. I'm not talking about the way people pay like credit cards, digital payments, checks, and cash options. Déjà Vu MCI to Qwest International Inc: Can this Corporate Marriage Survive? Current Situation:As of this writing, the MCI Board of Governors has given Verizon Communications Inc. one week to sweeten their $7. Morale Boosters: Feed the Troops First When economic conditions turn tough or when the heavy work load seems never-ending, leaders tend to forget the "basics"-building commitment beyond the paycheck. It's the small things everyday that can bring down morale and it's the small things everyday that can raise performance. Is Your Business A Dysfunctional Family? The other day I brought my mother into an appliance store to purchase a television. By the time we left with her new television, she was completely disgusted. Management Training: Are You Satisfied With The Results? If you're not satfied with the results of your management training programs, maybe it's because you handle training as a 'one shot' event rather than a process of developing your people to be better managers.One of the common misconceptions is that a manager can take a course and voila he is now skilled in communicating with others, or managing his time or delegating work. How to Attract and Retain the Right People If you're one of the many executives struggling with finding and keeping the right people to propel your business forward, you'll find these insights helpful.If you're frustrated by trying to motivate people, work instead to develop a company where people are self-motivated - where they do things because they want to. Taking Care of Middle Manager Bounce Off How many times have the management consultants been 'in' and after leaving, have left little or no trace of their passing?Despite massive investment there is no discernable performance improvement, the retention figures still look as if we are running a call centre and our safety record is second to everyone.Why is it that what seemed a logical and progressive implementation model failed to have any lasting impact on our business?Could it have anything to do with 'Middle Manager Bounce Off'?'Middle Manager Bounce Off' is a little understood phenomenon that appears most frequently in the wake of a management initiative or a consultant driven implementation. Leadership Skill: How to Handle Difficult Conversations A good leader has the ability to empower others. It is important that a leader develop people who want to share and help in carrying out the goals of the organization. Compensation and Six Sigma Black Belts One of the more ambiguous elements of a Six Sigma project is the level and type of compensation the organization should give to its Six Sigma leaders and team members. On the one hand, setting compensation is not an integral part of any stage of a Six Sigma project; on the other hand, compensation is an important instrument to build loyalty and a sense of accomplishment that is a crucial element to the organization's Six Sigma success. Encouraging Behavior That Gets Results You're the boss, and you have every reason to feel good about your organization.You've built a great team. Improvements In A Large Public Electric Utility In South America The company decided to develop and implement an improvement program. The main thrust was to propose strategies and alternatives for the implementation of a quality program. Do You Really Care What People Think? You had better care! Because what people think usually leads to predictable behaviors that can really affect your business, non-profit or association for better or worse.Look at your employees. Tales From the Corporate Frontlines:The Importance of a Competitive Wage and Benefit Package This article relates to the Compensation and Benefits competency, commonly evaluated in employee satisfaction surveys. It tells the story of a company that needed to attract new employees and discovered how a competitive wage and benefits package was integral to this process.
|
| home | site map |
| © 2006 |
