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  1. Action plan for managing accounts receivable

    ... surety; insurance; non-recourse factoring. However, note that the last two are fee-based and their cost must be factored in the profitability calculation for the transaction/customer. The surety option is only reasonable where the guarantor holds any liquid assets. The LLC option with near-zero total assets barely has any practical value. Step 5. Encourage faster AR repayment The credit policy should outline: incentives for the customers to shorten the AR period; penalties for overdue accounts receivable....