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:10/12/2017)... ... October 12, 2017 , ... HMP , a ... of a 2017 Folio Magazine Eddie Digital Award for ‘Best B-to-B Healthcare Website.’ Winners ... October 11, 2017. , The annual award competition recognizes editorial and design excellence across ...
(Date:10/12/2017)... ... 12, 2017 , ... On Saturday, October 21, the Health & Wellness Center ... to raise money for the American Heart Association Heart Walk. Teams of up to ... together to keep their treadmills moving for 5 hours. Treadmills will start at 7:00 ...
(Date:10/12/2017)... ... October 12, 2017 , ... Health Literacy Innovations ... literacy software tool, and the Cancer Patient Education Network (CPEN), an independent professional ... announce a new strategic alliance. , As CPEN’s strategic partner, HLI will ...
(Date:10/12/2017)... FL (PRWEB) , ... October 12, 2017 , ... ... presenting the latest in wound care advancements to physician colleagues, skilled nursing facility ... is titled, "Navigating the Treacherous Waters of Wound Care." , "At many of ...
(Date:10/12/2017)... ... October 12, 2017 , ... ... its enhanced Pepper Flow promotional review platform at the Promotional Review Committee ... insight-driven capabilities help marketers streamline the medical, legal, and regulatory review (MLR) ...
Breaking Medicine News(10 mins):
(Date:10/12/2017)... 2017 West Pharmaceutical Services, Inc. ... injectable drug administration, today announced that it will release ... Thursday, October 26, 2017, and will follow with a ... at 9:00 a.m. Eastern Time. To participate on the ... conference ID is 94093362. ...
(Date:10/11/2017)... , Oct. 11, 2017  Caris Life Sciences ... on fulfilling the promise of precision medicine, today announced ... joined Caris, Precision Oncology Alliance™ (POA) as its 17 ... centers, the St. Jude Crosson Cancer Institute will help ... the use of tumor profiling, making cancer treatment more ...
(Date:10/11/2017)... 11, 2017  Hill-Rom Holdings, Inc. ("Hill-Rom") (NYSE: HRC), ... in Las Piedras, Puerto Rico , ... Following a ... sustained minor structural damage, temporary loss of power and ... been completed, manufacturing operations have resumed, and the company ...
Breaking Medicine Technology: