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Collection prioritization method
October 7, 2024
Q. I’d like to raise the following question to the AR/O2C/C&C Panelists: How do you prioritize collection (for example: amount, days past due, combination of both using a weighted average, other)?
A.
(Answered by the IOFM Advisory Panel)
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We have our own Credit group for collections. They definitely use the days past due to do their collection calls. BUT, we have some customers that are slow in paying so they watch these customers and reach out to them several days before they are…
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