I decided to post about this case study because it is sure to help young entrepreneurs out there. From helping the business owners in setting up the company, to setting up the SOP and managing their accounts, my firm has been doing everything possible that will help my clients excel in their business. So, when my client came to me with a problem of receivables, here’s what my team and I decided to do.
Analysis of Receivables
Follow up template and call training
Till date, this client had never kept a person for follow up. However, hiring a fresher and just training her for the call helped him get his money on time. Sometimes it is important to incur small expense to avoid a big hassle in future.
This was an easy task but considering the business owners already have too much on their plate, concentrating on these aspects becomes an issue. However, I hope that with this case study, you too can manage your receivables. This strategy worked for my client. However, some other stragy may work for you. Do write back if you have some other points.
If you need to consult with me on the same you may write to [email protected]