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Hire A Collection Manager to Boost Cash Flow
– March 9, 2011
When administrative assistants and other employees try to collect money on a part-time basis, it doesn’t work. Collection can not be treated as an extra task.
In this economy, you must hire people who are motivated, educated and trained in the collection functions. There needs to be a permanent position on your staff for somebody in this field. The collection manager’s function in your firm should be a priority.
This is Profit Enhancement Idea #40 in Heard, McElroy & Vestal's 100 Ways: The Profit Enhancement Process series. The purpose of the series is to assist business owners and managers in cutting costs and increasing revenues by working smarter, not harder.
Walker Coburn
318.429.2109
wcoburn@hmvcpa.com
Walker is an Audit Manager in our Shreveport office. He received his Bachelor of Administration in Accounting and a Masters of Accountancy from Millsaps College in Jackson, MS. Prior to returning to his hometown of Shreveport and joining Heard, McElroy & Vestal, Walker worked for KPMG in Jackson and Memphis, and more recently as a financial reporting advisor for FedEx Corporate.
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