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:6/26/2016)... Michigan (PRWEB) , ... June 26, 2016 , ... On ... as sponsor of the 2016 Cereal Festival and World’s Longest Breakfast Table in Battle ... honor of the city’s history as home to some of the world’s leading providers ...
(Date:6/25/2016)... (PRWEB) , ... June 25, 2016 , ... ... health policy issues and applications at AcademyHealth’s Annual Research Meeting June 26-28, 2016, ... work on several important health care topics including advance care planning, healthcare costs ...
(Date:6/25/2016)... Long Beach, CA (PRWEB) , ... June 25, 2016 , ... ... from UCLA with Magna Cum Laude and his M.D from the David Geffen School ... San Diego and returned to Los Angeles to complete his fellowship in hematology/oncology at ...
(Date:6/24/2016)... ... 2016 , ... Those who have experienced traumatic events may suffer from a ... such as drug or alcohol abuse, as a coping mechanism. To avoid this pain ... following a traumatic event. , Trauma sufferers tend to feel a range of emotions, ...
(Date:6/24/2016)... CA (PRWEB) , ... June 24, 2016 , ... ... is now offering micro-osteoperforation for accelerated orthodontic treatment. Dr. Cheng has extensive experience ... Damon brackets , AcceleDent, and accelerated osteogenic orthodontics. , Micro-osteoperforation is ...
Breaking Medicine News(10 mins):
(Date:6/23/2016)... June 23, 2016 Research and ... Excipients Market by Type (Organic Chemical (Sugar, Petrochemical, Glycerin), ... Topical, Coating, Parenteral) - Global Forecast to 2021" ... The global pharmaceutical excipients market is projected ... CAGR of 6.1% in the forecast period 2016 to ...
(Date:6/23/2016)... DUBLIN , June 23, 2016 ... "Key Pharma News Issue 52" report to their offering. ... need in influenza treatment creates a favourable commercial environment for ... and growing patient base that will serve to drive considerable ... flu vaccine would serve to cap sales considerably, but development ...
(Date:6/23/2016)... June 23, 2016 Revolutionary technology ... Oticon , industry leaders in advanced audiology and ... Oticon Opn ™, the world,s first internet connected ... for IoT devices.      (Photo: http://photos.prnewswire.com/prnh/20160622/382240 ... a number of ,world firsts,: , TwinLink™ ...
Breaking Medicine Technology: