Receivable management involves the establishment of organizations and systems as well as management of actions and processes to collect receivables on time, in an effective and organized structure. Especially for businesses with wide customer base, high business volume and turnover, receivable management is as critically important as sales, marketing and operation management, requiring high professional competence. For businesses missing focus on professional receivable management, cash deficiency brings bankruptcy. Failure to collect receivables timely and effectively causes budget imbalances, increases costs, decreases profits and increases churn.
With 8 years of experience and success stories in energy and telco sectors, RMC formed a management model the main components of which are:
- Receivable management policy in line with strategic goals of the business
- Customer centric approach
- Customer credibility and risk management
- End to end process management
- Improved data quality and analytical focus
- Collection before legal action
- Use of high technology
- Strong organizational and human resource management
- Effective coordination and field management
- Effective communication
- Innovative solutions and constant improvement
Our Consultancy Services
- RMC Receivable Management Methodology
- Customer credibility and risk management
- Campaign management
- Effective use of collection channels
- Mobile payment
- Black list management
- Collection cost optimization
- GPRS based collection management
- Data improvement for receivable management and dunning
- Establishment of systems required for receivable management
- Fraud Management System
- Revenue Assurance System
- Receivable Management System
- Financial Decision Support System