Today, many businesses are outsourcing non-revenue producing activities due to the on-going costs of employees, the ebb and flow of workloads and to obtain an evaluation of their internal business processes regarding accounts receivables and their collection.
In a recent article entitled, Price Waterhouse Coopers reported that 57 percent of surveyed companies failed to set performance objectives for the management of their accounts receivable portfolios. The article went on to state that advantages of outsourcing accounts receivable include: increased recoveries, superior expertise, and the increased ability for company staff to focus on core business functions that produce profit.read more
Sterling services is pleased to provide -
The Ten Most Dangerous Accounts Receivable Pitfalls gleaned from our years of experience in Accounts Receivable Management and Collection. We have found that most companies, whether large or small, suffer to some degree from reduced cash flow due to slow payment — largely as a result of some or all of the practices described here.read more
Leading credit industry publication Credit Today conducted a top business-to-business credit executive roundtable. Their findings1 clearly demonstrate the accounts receivable (A/R) problem business owners are facing:
“… payments are slowing as buyers are using their suppliers as their “bank of last resort.”
“a study on small businesses, …which showed that receivables from small business have risen 50% in recent months.”