Collections management Introduction Collections are one of the economic and financial pillars of a firm. It completes the cycle of sales, production...
The collections department – mission, strategy, goals, policy and procedures Example of a mission statement for the collection department To be leaders in the efficiency of collections form firm’s customer...
Collection policy As for the Credit policy, the Business Policy of the Firm defines the Collection policy. We will here discuss the...
Collections corporate culture A Firm that is used to collect its invoices late from most of its clients should not consider it as...
The collections department – structure, responsibilities and authority The decision on department structure and attribution of responsibilities When we come to decide on the structure of the collection...