Navigation Links
Manufacturing Organizations Identify Efficiencies in Credit and Collections Functions
Date:11/2/2007

CHAPEL HILL, N.C., Nov. 2 /PRNewswire/ -- With a continued focus on quality and efficiency in the manufacturing environment, best-in-class companies continue to focus on opportunities for streamlining processes to maximize both internal and external customer relationships. In reviewing the credit and collections functions for manufacturing organizations, more than three-quarters of the benchmark class posts greater than ninety percent of customer remittances to their accounts within twenty-four hours, as found in a new report released by Best Practices, LLC.

Best Practices, LLC CEO, Chris Bogan, stated, "Automation of the credit and collections functions represents an exciting new frontier to accelerate cash flow and improve productivity." Indeed, data from the recent study of such companies as Dow Corning, Fujifilm, Kingston Technology, Moen and Newell Rubbermaid identified several key practices and metrics that can lead to better management of the credit and collections functions in a manufacturing environment.

For a complimentary summary of the full report "Credit & Collections Management in the Manufacturing Industry," click on the following link http://www3.best-in-class.com/rr875.htm. The study enables organizations to identify performance gaps and areas for improvement to better manage their credit and collections functions.

Key topic areas covered and benchmark metrics represented include:

-- Account Remittance Posting

-- Automation of Payment Application

-- Automation of Credit Remittances

-- Credit & Collections Management Improvements

-- Dispute Management Efficacy

-- Electronic Invoice Presentment & Payment Utilization

-- External Communication Issues

-- Internal Communication Issues

-- Key Credit & Collections Issues

-- Key Customer Service Issues

-- Process Management Opportunities

-- Structural Alignment of Credit and Collections Functions

-- Unearned Discount Management

For more information on this report, contact Robert Naylor at rnaylor@best-in-class.com or (919) 767-9244. To access the full report or download a complimentary copy of the report summary, go to http://www3.best-in-class.com/rr875.htm.

ABOUT BEST PRACTICES, LLC

Best Practices, LLC, conducts work based on the simple yet profound principle that organizations can chart a course to superior economic performance by studying the best business practices, operating tactics and winning strategies of world-class companies. For more than 15 years, our highly credentialed research staff has conducted primary research exclusively for our Fortune 500 client base.


'/>"/>
SOURCE Best Practices, LLC
Copyright©2007 PR Newswire.
All rights reserved

Related medicine news :

1. Indian Pharmaceutical Industries Stops Manufacturing And Sale Of Valdecoxib
2. South Africa May Start Manufacturing Bird Flu Vaccines
3. Medical LINAC Machine Manufacturing Unit At Khargar
4. Aurobindo Pharma Purchases US Manufacturing Facility
5. The Living Cell – Manufacturing, Protecting and Thrivin
6. FDAs Gesture for Firm Manufacturing Drug for Cushings Syndrome
7. Laboratory Testing Can Identify Risk of Pre-Term Labor and Delivery
8. Now you can identify Sperm and Egg donors
9. Identifying Predictors Of Anthrax
10. Identifying The Risks Of Developing Schizophrenia
11. Researchers identify the early makers of Neonatal Sepsis
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/11/2016)... DC (PRWEB) , ... February 11, 2016 , ... ... an upcoming Feb. 23 webinar, “Intel’s Direct-to-Employee Benefit Model: A Case Study for ... not-for-profit Catholic health care system that’s partnering with Intel on value-based health benefits ...
(Date:2/11/2016)... ... February 11, 2016 , ... veEDIS Clinical Systems, ... with highly adaptable algorithms, has been updated to help Emergency Department physicians and ... consistent with Zikas and a travel history to affected regions, or potential exposure ...
(Date:2/11/2016)... (PRWEB) , ... February 11, 2016 , ... ... call for nominations seeking candidates for the Board of Commissioners. Individuals interested in ... skills and experience with diversity of clinical practice settings and across allied health ...
(Date:2/11/2016)... ... February 11, 2016 , ... "What holds you back from ... poses a question as a challenge for his readers to examine the full ... Being" (published by Partridge Singapore), Clarke explores the subject with more depth, revealing ...
(Date:2/11/2016)... ... 11, 2016 , ... PharmMD CEO Robert Yeager ... focus on contract negotiations, corporate strategy and healthcare data law. Additional responsibilities will ... in data breaches for the Part D Star Rating improvement and Medication Therapy ...
Breaking Medicine News(10 mins):
(Date:2/11/2016)... Biotechnology Inc., spurred by a major "team investment" by Bruce Montgomery , one of this ... A-Round, according to CEO Leen Kawas , PhD. ... ... ... Kawas said the round was intended ...
(Date:2/11/2016)... CARLSBAD, Calif. , Feb.11, 2016  Ionis Pharmaceuticals, Inc. ... a live webcast on Thursday, February 25 at 11:30 a.m. ... on pipeline and business progress. www.ionispharma.com . ... at the same address. --> www.ionispharma.com . A ... the same address. --> Interested parties may listen ...
(Date:2/11/2016)... -- Indiso ltd , a medical technology company ... respiratory diseases announced today positive results in its clinical ... patients show improvements in respiratory functions and other clinical ... Upper and lower respiratory tract diseases and allergy ... reached epidemic level. Increasing number of studies however show ...
Breaking Medicine Technology: