For Smart Collection
Most businesses have formal accounts receivable policies that dictate when to bill, how much to bill and when to collect. Unfortunately, not all businesses enforce those policies effectively. In many cases, it comes down to culture. Businesses that prioritize sales often fall into the trap of extending credit to customers, offering discounts or ignoring payment terms that give rise to anomalies resulting in business losses.
CtrendVision For Smart Collection is an analytics platform that leads businesses to a deeper and more nuanced understanding of their at-risk customer, thus improving collection performance and preventing losses. By having more complex picture, customers can be classified into microsegments and more effectively targeted.