Collecting Receivables Is a Team Effort, and Fully Utilizing Microsoft Dynamics GP Can Pay Big Dividends

Every so often I've had enough and it's time to sit down and have a straight talk. This isn't quite an intervention, but it's getting there. Whether the recession is really over or not, it still feels like a recession out there.  So why are companies still doing stupid things with receivables and collections?  There, I've said it.

I'm not talking about Dynamics GP yet, we'll get there. It's time to take responsibility first.

I spend a lot of time in mid-size companies, where receivables and collections always seem to be an issue. I think it's related to the size and relative maturity of mid-size firms.

Larger firms can dedicate folks to collections. In mid-size companies the job is often shared among many people. Most people don't like confrontation and when it's only part of their job, it's the part that gets done the least, and last.

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About Mark Polino

Mark Polino is a Microsoft MVP for Dynamics GP and the Director of Client Services for Fastpath. He is author or coauthor of five books on Microsoft Dynamics GP. Mark has been working with Dynamics GP and its predecessors since 1999. He is a Florida licensed CPA and holds an MBA from Rollins College.

Building Dashboards with Microsoft Dynamics GP 2013 and Excel 2013Mark's new book, Building Dashboards with Microsoft Dynamics GP 2013 and Excel 2013, is available now.

 

 

 

 

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