Justification for a Collections System to Manage Ar

Collections systems

1

Justifications and Considerations for an Accounts Receivables (AR) Collections System to Support Business Operational Cash Flow Management

Contents Executive summary.................................................................................................. .....p.3 Current situations and aims of an accounts receivables collections system and process....................................................................................................................p.3 Why managing accounts receivable collections are so important? .........................p.4 - 5 Examining problems with current AR collections management systems and practises..................................................................................................................p.6 - 8 Key considerations to implement an accounts receivables collections system..........................................................................................................p.9 - 10 Conclusion & recommendation...................................................................................p.11 -12 References....................................................................................................................p.12 -13

----------------------------------------------------------------------------------------------------------------

Alan Go

MBA (International), Edith Cowan University, Australia

Collections systems

2

Executive summary In today’s uncertain globalized economic landscape, managements are increasingly under heavy pressure to improve operational cash flows while ensuring business profitability. Having worked in the debt management industry for past seven years with Credit Management Consultancy (Asia) Pte Ltd, as Senior VP-Group Business Development, marketing third party debt collections outsourcing, payment collections systems and training services, and currently as an independent business consultant and trainer in payment...