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100 WAYS: #19 Use Fax Machine/Email to Speed Collections
– January 19, 2011
Think in terms of using your fax machine or email to take orders instead of paying an employee to perform this same task. You can also use voice mail for 24 hour-a-day order taking instead of paying an employee to work those hours. Human errors are minimized and orders are filled expeditiously at lower cost. Faxing or emailing your bills to customers also saves expenses and decreases the turnaround time.
This is Profit Enhancement Idea #19 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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