5 Strategies for Achieving a Best-in-Class Credit & Collections Process
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5 Strategies for Achieving a Best-in-Class Credit & Collections Process
What’s in the eBook?
The COVID-19 pandemic has been a major cause of increased average payment times and write-offs (2 to 3 times higher than in 2019¹). Also, companies are moving towards insuring receivables and customer credit risk. Prior to the pandemic, 50% of companies resorted to self-insurance, while today, that number has grown to over 80%1 .
For businesses looking to secure their cashflow it is essential that they optimise their credit and collections process and minimise customer risk. Even though it appears the worst is behind us, it's impossible to know what 2021 and beyond have in store, so now is a good time to review your company’s credit and collections management practices and take them to the next level. Read about:
5 key strategies to help you implement a best-in-class digital credit & collections process
11 tech tips to help you implement a best-in-class digital credit & collections process
How Esker can help
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“The discipline that Esker drives in the credit and collections process is phenomenal. In my 20-plus years, it's the best product I've ever used based on its simplicity and ease of navigating.”Global Director of Financial Services | Trek Bicycle
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About Esker
Esker is a worldwide leader in cloud-based document process automation software, helping organisations of all sizes increase efficiency and deliver added value to their O2C and P2P business processes.
Since 1985, Esker has helped companies in their efforts to digitally transform business communications, with global headquarters in Lyon, France, and U.S. headquarters in Madison, Wisconsin.
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