Credit Management: Technology is key to better collection rates

22nd March, 2015
Credit Management: Technology is key to better collection rates
Paddy Kelly, business development manager at Expert Revenue Systems. Picture: Maura Hickey

By optimising their credit management processes, companies can directly improve their bottom-line performance, but the type of solution they select will depend on the size of their customer base.

Companies with smaller numbers of debtors can effectively maintain a collection function using their existing accounting systems. Those with larger volumes need to deploy specialised systems, using a focused approach to ensure efficient cash collection across hundreds, or thousands, of debtors.

A special-purpose debt management system,...

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