At a time when many companies are concerned about operational expenditure, a business assurance system with consultancy can help. Instead of randomly entering a remediation program whenever a major fault is found, use the business assurance system. The following areas have seen results: revenue management, customer acquisition and retention, credit management and bad debt recovery, supply chain management, among others.
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Management and Bad Debt Recovery Exposure to credit risk should be closely managed and monitored. It might bring not only direct consequences to company bottom-line results, but also affect credit ratings increasing financing costs. Therefore, decisions regarding credit limits, terms of payment and collections are paramount to bring risk into acceptable levels. To accomplish these, it’s required to run efficient collections and maintenance of DSO (Days Sales Outstanding) , monitor accounts receivables