A Credit Research Foundation survey observed that hardly a third of the polled credit managers noticed a decline in the volume of deductions over the last 12 months - Microsoft.
Companies find it very difficult to be at par with the industry standards and also to maintain their specific metrics including the average number of days for solving deduction. So, it’s important to analyze, categorize and trend deductions by specific components: type, frequency, size, customer as well as owner.
While the senior management wants to cut through the excess data and have a strategic overview of end-to-end receivables performance, they also want to adopt fast and instantly responsive dashboard machinery that empowers them with the agility to respond to strategic business needs and take timely course corrective actions.
This course helps you create an effective deductions dashboard with real-time examples for the senior stakeholders. It highlights all the different kinds of reporting metrics and analysis, as well as the trends that you would want to watch out for. It will help all the executives spot early (good/bad) trends and hence decide on the best corrective course of action that can be taken to reduce the cumulative average number of days taken to resolve a deduction.
|