BUSINESS SYSTEMS
Accounts Receivable - DSO
Aged receivables turn into bad debt…
all too soon!
Cash Flow is the life blood of business...but many companies fail to control their DSO's (Days Sales Outstanding). This results in additional cash flow problems, dipping into the line of credit and/or borrowing against the receivables. All costly, above prime loans.
Your customers have all sorts of reasons for not
paying their invoice...
Goods are not satisfactory . Work is
Incomplete . Invoice wasn't received .
Invoice wasn't correct . Lack of money .
We haven't been paid yet . The check is in the
mail . Or simply, you haven't sent the invoice
WVMEP attacks receivables just as we would waste on the factory floor. We use Lean 6-Sigma techniques and design programs that eliminate problems.
You are taught the techniques and we jointly (as a team) develop the procedures and programs necessary to bring DSO's down to acceptable levels and keep them down.
The Lean 6-Sigma techniques WVMEP teaches have been used by literally 10's of thousands of businesses. General Electric stated in its Annual Reports savings of billions of dollars due to 6-Sigma.
To learn more, call us at 800.MEP.4MFG (800.637.4634) or 304.293.3800, or contact us.