With research on more than 500 AR projects, The Collections Operations Maturity Model has been devised to help finance decision makers perform an in-depth evaluation of their current operations and identify clear next steps to advance up the maturity pyramid.
Any improvements to your collections process will not only reduce operational expenses, but also lead to considerable improvement in your collection KPI’s leading to reducing days sales outstanding (DSO).
While you might accept that facing problems in collections management is an everyday affair and you need to just deal with it, what if you could solve it with 7 steps and transform your collection operations.
Which approach do you prefer when it comes to your credit and collection activities- Qualitative or Quantitative? Without the proper tools to manage a whole portfolio of accounts, credit analysts and collectors tend to work one account at a time without seeing the bigger picture. Read along to discover the right approach to increase the efficiency of credit and collections operations.