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

by Mark Polino, Director of Client Services, Fastpath
published December 8, 2009
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 Certified Public Accountant (CPA) and a Microsoft MVP for Business Solutions. He is the author or coauthor of 5 books related to Microsoft Dynamics GP.  Mark also maintains the Dynamics GP focused website DynamicAccounting.net. He speaks and writes regularly about ERP related topics. Mark has been a controller and CFO for a division of a publicly traded company and he has  worked as a consultant implementing ERP solutions. Mark holds additional certifications including Certified Information Technology Professional (CITP), Certified in Financial Forensics (CFF) , Chartered Global Management Accountant (CGMA). Dynamics Credentialed Professional for Dynamics GP 2015 (Core Install and Core Financials), Xero Certified. He holds a bachelor's degree in accounting from the University of Central Florida and an MBA from Rollins College. Mark lives with his family in Florida.

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