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Managing Multiple Hierarchies in Accounts Receivable Debt Collection

Learn how to better manage accounts receivable by utilizing customer hierarchies.Many companies carry over 30-40% of their revenue in accounts receivable each month often times dealing with parent companies and their subsidiaries. This topic helps the person(s) responsible for billing, cash flow, and revenue cycle management understand how to establish a proactive work-flow for improving A/R management, measure collection performance and to understand the processes required when dealing with multiple levels. This information also explains the work-flow to establish the internal collection process, discusses benchmarks and analyzes current position and sets goals to reach peak performance for next back dollars and results. Failing to have a proper A/R work flow system is the most common error companies make in collecting bad debt and managing multiple hierarchies in their customers. Setting clear guidelines for your new financial policy will counteract lost revenue, bad debt write offs and costly internal mistakes.
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Over 30 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

How to Define Internal Collection Policy
  • Industry Specific
  • Definition of A/R
  • Financial Policy
Effects of Aged A/R and Bad Debt
  • A/R Analysis
  • Aging Reports
  • 1st and 3rd Party Collection
Cash Flow Plan
  • Staying Current
  • Managing Hierarchy of A/R
  • A/R Management
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More Program Information

Why Lorman?

Over 30 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

Audio & Reference Manual

This program format does NOT qualify, nor meet the National Standard for NASBA accreditation.

MP3 Download

This program format does NOT qualify, nor meet the National Standard for NASBA accreditation.

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More Program Information

Why Lorman?

Over 30 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Laurie Boisclair

Laurie Boisclair

Transworld Systems

  • National A/R Management Specialist/Cash Flow Matters, LLC/Senior Rep Transworld Systems (TSICO.com)
  • Practice emphasizes all aspects of accounts receivable process
  • Conducts regular seminars and workshops on Revenue Cycle and A/R Mgmt
  • Written several publications related to the areas of A/R Mgmt
  • Member of MGMA, AADOM, PAHCOM and Chamber of Commerce
  • Can be contacted at 513-260-3207, 888-852-8878, [email protected], LinkedIn®: www.linkedin.com/in/laurie-boisclair-b740a225 or her website www.tsico.com/top-agents/laurie-boisclair
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Product ID: 400358
Published 2017
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