Accounts Receivable [Function]

• Accounts receivable improvement: At a large trade publisher implemented substantial changes to AR and Credit functions reducing DSO in the last 12 months by 10%. Other benefits achieved included reducing average time to clear customer deductions by almost 100 days with no change in percent written off, reducing the unmatched deduction balance by over 25%; doubled average speed of cash application; and substantially improved methods of cash receipts forecasting, leading to more reliable estimates of cash, A/R component balances, and DSO. (Trade13)