Strategic Accounts Receivable Management
Executive, adviser & board member in technology-based businesses, especially in banking/ financial services; and information technology, telecom, and other high-tech industries. Specialist expertise in Risk management, regulation, and compliance for banking & financial services; and in big-data analytics. 35+ years’ experience in the US, Canada, Asia/Pacific, UK, and Europe. Results accomplished include: (a) building of custom Management Information applications in the fields of Risk, compliance and expense management, for major multinational banks based in the US and UK; (b) key contributions to planning of large infrastructure projects: e.g. Southern Cross undersea fiber-optic cable network, Australia & New Zealand to the US; and (c) $12 bn+ of structured finance for telecom; electric power; aviation & ground transportation, e.g. for Bay Area Rapid Transit (BART); British Telecommunications (BT) and Citicorp;
- MA in economics, Cambridge University
- Loeb Fellow, Harvard University
- Former Sloan Visiting Professor, New York University
- Expert advisor for more than $15 billion in structured finance transactions
- Senior Adviser (contractor) to Citibank; JP Morgan Chase; Barclays; and CapitalOne Bank
- Senior Managing Director with Essex Lake Group LLC
Strategic AR Management is today’s AR Management with its focus on the customer experience and driving revenue. Other benefits such as lower operating costs, shorter cycle times, and improved cash flow are also realized. Strategic Management of Accounts Receivable (AR) delivers much more value to a company than traditional Transactional Management of AR.
This is accomplished by the following actions/programs:
- Define, agree and articulate a Corporate AR Strategy that is harmonized with the firm’s Go-To-Market Strategy
- Review risk vs revenue models especially with new markets & customers
- Establish better control over net pricing (vs unauthorized discounts)
- Increase productivity by 50 – 70% and improve response times via leading technologies such as robotic automation, machine learning, artificial intelligence, and e-commerce (digital vs paper, high use of portals 24/7)
- Ensure Order Processing’s customer-facing elements are a major beneficiary of increased automation
- Ensure foundation Order to Cash transactional processes are Best Practice
A session attendee does not need to be an expert in all these fields. Solid knowledge in Order-to-Cash and AR Management is required; the rest will be explained in context during the session.
Areas Covered
- Definition of Strategic AR Management
- Providing Exceptional Customer Experience
- Driving Revenue Growth
- Increasing Margins
- Achieving Ultra-efficiency
- Increasing Cash Flow
Who Should Attend
Members of the Finance community responsible at some level, for managing a firm’s AR asset (CFO’s, Controllers, Treasurers, Credit Directors/Managers)
Why Should You Attend
Learn:
- The benefits your firm is missing by settling for Transactional vs Strategic management of AR
- The principles of implementing Strategic Management of AR
Historically, AR Management has been a backroom function focused on minimizing bad debt expense and browbeating customers into paying on time. Incremental revenue from existing and new customers, market segments, and geographies is often constrained by over-cautious bad debt risk avoidance and old-line thinking. I call this Transactional AR Management.
However, your AR Management approach can be Strategic vs Transactional, designed to:
- Drive revenue and margin growth
- Provide an excellent customer experience
- Operate at ultra-efficiency
- Manage bad debt risk and cash flow properly
In today’s competitive markets, can any customer-facing department in your firm afford NOT to be Strategic with a laser focus on:
- The customer and
- Driving revenue and margin?
Join our webinar and learn the principles of Strategic AR Management. This will enable you to estimate the incremental benefits available to your company, and the fundamentals of implementing them.
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$200.00
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