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In a benchmarking survey on automation, we looked at collection performance compared to the level of automation and learned that
- The likelihood of automated collection departments meeting their goals are high.
- Collection departments that are largely manual are much more likely to be missing their goals.
Source - Credit Today
According to the above representation, almost 50% of manual collection operations are more likely to miss their goals compared to those defining themselves as highly automated.
With SAP Collections Management, you can now automatically manage overdue receivables and prioritize collections efforts for maximum success. This collection worklist gives a complete overview of each past-due account, including open invoices, dispute cases, dunning notices, and contact history.
Tune in to this specialized course to understand how you could streamline and organize your task by prioritizing the right customers assigned to you in collection groups based on predefined strategies.
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