Accounts Receivable Management and Effective Collection Practices
If you extend credit to others to encourage sales or adapt to standard practices in your industry, you know that accounts receivables drain cash, are add administrative hassle, cause worry and, occasionally, go bad. This seminar will help you create an easy, systemic process to oversee your receivables, develop prompt payment habits from clients and deal with slow pay clients professionally and effectively.
Topics that will be covered in this program include:
- Credit applications and pre-qualification of client risk.
- The cost of out of control receivables to your business
- Early steps that offer friendly encourage for prompt payment
- Dealing with past due clients professionally and assertively
- Steps to take to accelerate the collection process (legal, collection agencies and small claims court).
The presentation will be led by Randy Rudasics, Manager of the Yampa Valley Entrepreneurship Center at CMC and a SCORE business counselor. Prior to his role at CMC, Randy owned and operated a staffing service in Indiana where he managed receivables in excess of one million dollars including the extension of credit and collections. Randy also spent many years with Hewlett Packard where he oversaw receivables and financing activities for a $250 million dollar territory.
Cost is $15, includes seminar, light snacks and coffee.
Please arrive on time.
To register, please call 970- 870-4491
The Success Steps Seminar Series is held monthly on topics of interest to local businesses and entrepreneurs in the Yampa Valley.
The Series is a collaborative effort of the Colorado Mountain College Yampa Valley Entrepreneurship Center, the Steamboat Springs Chamber Resort Association and SCORE.