By gaining control over credit decisions & managing collections activities properly, finance professionals and business owners are much more effective at managing their accounts receivable, helping them get paid faster in a shorter period of time
Chardon, Ohio (PRWEB) April 04, 2013
e2b teknologies, developers of Anytime Collect (http://www.anytimecollect.com) recently published a new white paper, entitled “6 Steps to Developing a World Class Business Credit Policy & Collections Action Plan". The white paper is designed to help manufacturers, distributors, business service organizations to develop a business credit policy and action plan.
The white paper serves as a guide, outlining six easy steps to developing a credit policy and collections action plan helping companies improve overall profitability by capitalizing on one of the largest assets – their accounts receivable.
“A formalized business credit policy and collections action plan can dramatically impact a company’s overall financial health,” said James Mallory, white paper author & Marketing Director at e2b teknologies. “This white paper serves as a roadmap to help readers get their company on the path toward financial success. By gaining control over credit decisions and managing collections activities properly, finance professionals and business owners are much more effective at managing their accounts receivable, helping them get paid faster in a shorter period of time while reducing bad debt write-offs and improving cash flow.”
The white paper provides tips on how to research best practices and what elements of a business credit policy apply to the business. It then discusses how to set realistic goals and how to measure results. The last part of the white paper talks about developing a credit and collections team with insights on how to fine-tune the credit and collections process through the implementation of integrated business systems and continuous improvement programs.
About e2b teknologies:
e2b teknologies provides cloud-based business software applications and business services to progressive businesses worldwide. e2b anytime apps is the publisher of Anytime Supply Chain, Anytime Commerce, Anytime Collect, and related Anytime brand products. e2b enterprise develops custom cloud-based business applications and resells leading ERP accounting software, CRM, HRMS, and other enterprise business software applications from Sage Software, Epicor, Intacct, SugarCRM, and other publishers. e2b calibration is an ISO/IEC 17025 accredited calibration laboratory.