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Wednesday, March 3, 2021

Power of One - Financial lever of accounts receivable

 You can collect from your debtors faster.

Unilever put in a plan that created a more stable level of stock and that included the faster circulation of receivables - 15 days instead of 80 days. Hard to imagine them at 80 days. 

When it comes to overdue accounts, I am impressed with the opportunity to care - I need to consider the age of the overdue account, my past experience to the holder of said debt and the general business conditions I am going through as well as my debtor.

Let's face it, if I have a receipt and can collect. 



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