Why should I manage my portfolio?
Maximize your net revenue
Revenue from Loss from = $ Net
good accounts bad accounts revenue
Using account management to identify risks AND opportunities adds to the bottom line at both ends
Four ways to lower days sales outstanding:
· Don’t open bad accounts on the front-end
· Get away from bad accounts on the back-end
· Bring on more good accounts on the front-end
· Get deeper into existing accounts on the back end
Portfolio Scoring/ Account Advisor: Automated Portfolio Management Tool:
This is a batch process that offers consistent measurement criteria to evaluate your accounts receivable portfolio. Applies a statistical risk score to each account in your customer portfolio and returns demographic, credit and public record attributes. When you perform this regularly, you will be able to see trends in your portfolio, which accounts are becoming highly risky immediately upon importing the newly scored customers. Customers may pay you on time, but not others, or Customer paying others on time, but not you. Tract customer risk.
Account Advisor Analysis Software System:
Portfolio analysis software allows you to analyze and archive your existing customer portfolio through the use of batch processing services. Stores 36 periods of data. Enable you to segment your customers, perform portfolio analysis, generate reports, view alerts and assign tasks.
Portfolio Monitor:
System that continuously monitors your customer account portfolio for key derogatory events and delivers you warnings on your accounts.
|