Tag: Accounts Receivable
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Credit Management: Accounts Receivable Management for Construction Industry Controllers
The accounts receivable management industry is finally getting a little love from technology. If you want proof, check out the great things being done by folks like Cortera, Receivables Exchange, and FundingGates. Standard operating procedures for businesses in managing credit and accounts receivables are applicable to those in the construction and building material supply industries. However,…
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Credit Management: How Did Your Books Look Last Year? This Year?
We’ve now turned the page into the year 2013. How well did your company’s credit management plans mitigate your risk and allow you to take on the necessary about of business? Just one year ago many sat at their desks to review the prior year’s financial successes and failures, lamenting at any lost money and…
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Can A Collection Agency Help Collect On Your Mechanics Lien?
Collection agencies have a bad reputation, and unfortunately, it’s a bit of an earned one. I say unfortunately because there are some fantastic commercial collection agencies out there who act very professionally and provide their clients with a great service. A few bad apples have tainted the public’s perception of the ARM (accounts receivable management)…
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Why Some Controllers Never Have Accounts Receivable Problems
Managing money going in and out of a construction or material supply business can be a very demanding occupation. Construction projects are huge cash suckers, and since getting paid often relies on money trickling down through other parties on these projects, collecting money for your furnished materials or labor can require patience. It’s inevitable you’ll have aging…
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End of Quarter Is Near: Are Your Accounts Receivables Where You Hoped?
It seems like only yesterday when we gathered around friends and family to toast the start of 2011. If you’re like me, you set a number of financial goals for your company, benchmarks in revenue for each quarter…and possibly, you made a resolution to do a better job of collecting your accounts receivables. As March…