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.
 Google News Updated : Fri, 10 Oct 2008 23:49:19 GMT Notes on a Milk Scandal - Wall Street Journal
Wall Street Journal - By JOSEPH STERNBERG | FROM THE WALL STREET JOURNAL ASIA It's a question I'd never expected to spend much time thinking about. France pulls tainted Chinese food Tainted milk prompts new Chinese standards Publ.Date : Fri, 10 Oct 2008 18:28:15 GMT Conflict Resolution Marked Career of Nobel Laureate Martti Ahtisaari - Voice of America
Voice of America - By Andre de Nesnera Conflict resolution marked the career of former Finnish president Martti Ahtisaari who has received this year's Nobel Peace Prize for his efforts to secure peace in various regions of the world. Video: Ex-Finland President Wins Nobel Peace Prize Martti Ahtisaari gets a deserved Nobel Peace Prize for a (failed) plan Publ.Date : Fri, 10 Oct 2008 21:23:27 GMT Wall Street, markets continue roller coaster - Bizjournals.com
Bizjournals.com - A roller coaster week on Wall Street ended with the Dow Jones Industrial Average down 128 points Friday after bouncing back from almost 700 points down in the day. Video: Wild Swings Drive Morning Trading Worst Week on Wall Street Ends Down Publ.Date : Fri, 10 Oct 2008 21:29:25 GMT Two Banks in Midwest Fail - Wall Street Journal
Wall Street Journal - By JEFF BATER WASHINGTON -- The Federal Deposit Insurance Corp. on Friday announced the closings of two banks, bringing to 15 the number of federally insured banks that have failed this year. Two banks fold, bringing total to 15 failures this year Regulators shut small banks in Mich., Ill. Publ.Date : Fri, 10 Oct 2008 23:14:00 GMT Emptying the Pac-10 notebook - ESPN
ESPN - USC is a perfect 8-0 vs ASU this decade, last losing to the Sun Devils in 1999. Over the 8 wins, USC has averaged 39.8 PPG. The Trojans are going for their 400th victory at the Coliseum. Trojans sense an opportunity with Arizona State USC, ASU to avoid second Pac-10 loss Publ.Date : Fri, 10 Oct 2008 22:31:02 GMT GOP Alleges Nonprofit Voter Fraud - CBS News
CBS News - (CBS) This week Sen. John McCain and his running mate, Gov. Sarah Palin, went after one of the nation's leading voter registration groups which focuses its efforts minorities and low-income families and now being investigated for voter fraud. McCain Campaign Calls for Investigation of ACORN-Obama Ties Voter fraud accusations mar presidential campaign Publ.Date : Fri, 10 Oct 2008 23:21:41 GMT John McCain, Barack Obama on healthcare - Los Angeles Times
Los Angeles Times - How workable are the presidential candidates' health reform plans? Here's a summary of their proposals and a list of online resources for more information. In this economy, don't count on comprehensive health reform Fact Check: Would Obama fine businesses that don't offer health care? Publ.Date : Fri, 10 Oct 2008 23:27:40 GMT Increase Website Traffic |
PARLOT::Ebooks, Scripts,
Websites, and more... Conflict is a fact of life for all of us,... Read More What's the use?Nothing you do will hold down the cost... Read More Do you ever need to find some good ideas, or... Read More I once was part of a group of management professors... Read More How many times have you heard or uttered this phrase... Read More Today's successful organizations are the ones which carry on open... Read More In running any kind of business, it's inevitable that sometimes... Read More Recent studies have shown that industrial supervisors are working at... Read More In fact, bringing your people - any of them -... Read More Employee motivation is probably the most important single manageable factor... Read More Take the pain out of gain and decrease the upheaval... Read More Most of us would like to be better communicators. As... Read More We have only one life, but we live in three... Read More Every parent, educator, and manager knows that "Nintendo children"--those born... Read More Interrogated on a beach in Barbados by friends insistent that... Read More Several decades ago, a passenger jet approached a Florida airport... Read More Did you know that an airplane in flight is off... Read More Doing business and meeting the needs of workers is increasingly... Read More In many ways there are no secrets to implementing effective... Read More Transitioning from Vertical Hierarchies to Decentralized / Flatter OrganizationsThe need... Read More There ought to be a sign posted on every closed... Read More When the typical new business operator starts a business, they... Read More We all complain about meetings which are a waste of... Read More Creativity can be defined as problem identification and idea generation... Read More Left alone it doesn't take long for a building with... Read More
Adsense
websites
An Original Perspective on Waging Conflict as a Way to Promote and Restore Self-dignity
Medical Malpractice: Three Myths That Cost Your Hospital Millions
Ten Problem Solving Techniques
Joint Accountability: Another Key for Your Effectiveness
People Are Our Most Important Asset!
What We Have Here Is A Failure To Communicate
10 Ways To Work Through A Business Slowdown
Leadership Skills
Ten Business Reasons Why Asking for Help Works
Motivating For Higher Performance
6 Steps To Effective Management During Change
You Cant Not Communicate
Balance Your Managerial Life
Twitch Speed: Reaching Younger Workers Who Think Differently
Managing Creativity - An Oxymoron! Not
The 20/60/20 Rule Of Leadership. Dont Go Solving The Wrong Problems
Focus on Outcomes to Keep Your Business On-Course
Top 10 Things Every Business Should Provide for Every Worker - Including the Boss!
Uncovering the Secrets to Effective Performance Management
Improve Operations by Restructuring
Warning! Meeting In Progress; May Be Hazardous To Your Career
How To Turn Business Losses Into Cash Flow
Running Successful Meetings - The Key Steps To Getting It Right
Innovation Management ? Rigorous data analysis
Have You Fixed the Broken Window?
Affordable and Reliable Web Hosting Starting at $4.49/Month
Creativity and Innovation Management ? Psychological Reward
Creativity can be defined as problem identification and idea generation... Read More
Will a Workplace Bully Bankrupt Your Company?
Safeguard Your Company Against Harrassment ClaimsTwenty-five percent of employees suffer... Read More
Give Yourself a Boss Day Gift, Part 2: Are You the Position or the Person?
Are you the position or the person?Bosses can lose their... Read More
Building Shareholder Value Through Your People
Increasing shareholder value is the most important driver for organisations... Read More
Just The Facts
Attitudes are more important than facts. Dr. Karl Menninger... Read More
Competion or Cooperation?
It has been said, there is no better way to... Read More
Creativity and Innovation Management ? Money Doesnt Do It
Creativity can be defined as problem identification and idea generation... Read More
The Narcissist in the Workplace
To a narcissist-employer, the members of his "staff" are Secondary... Read More
Towards Intercultural Understanding
An individual's ability to forge effective relationships across cultures is... Read More
A Management Strategy
I witnessed some interesting behaviour from one of our premier... Read More
Well-Defined Processes ? How to Create
Interested in learning how to reduce development time, save money... Read More
Sarbanes-Oxley and Section 404: Old Dog, New Teeth
The failures we have seen in the quality and integrity... Read More
Four Steps to Better Performance Reviews
Direct reports-people who need direction and leadership-rely on their leaders... Read More
Integrity... Should It Matter?
In our fast paced work culture, manned by technology savvy... Read More
Tap Employee Passion For Business Success
Meriwether Lewis set the stage for the Corps of Discovery's... Read More
Top 10 Things NOT To Tell Angel and VC Investors
I am not writing this to create a list of... Read More
HRM: Contributing to Well-being or Ill-being at Work?
If you were to take the people out of an... Read More
Innovation Management ? some ideas are better than others
Creativity can be defined as problem identification and idea generation... Read More
How To Decrease Downtime and Increase Productivity
All maintenance activities of the workforce must be documented, this... Read More
Unlock the Hidden Creativity of Your Employees
To release creativity in employees, managers must get involved in... Read More
Small Business Outsourcing: An Introduction
Outsourcing is the delegation of a business process to an... Read More
Leaning Toward Change
Seduced by the publicity surrounding the impact of Lean on... Read More
Delegate Tasks to the Right Person
SELECTING THE RIGHT PERSON: To whom should tasks be delegated?... Read More
When Politics Prevent Innovation - Or? Still Fighting Battles and Losing Wars
The objective is to beat the competition and make money.... Read More
Management & Leadership - Doing it right in the 21st Century
The Old Way ? Command and ControlAlthough workplaces and management... Read More
Business Management |