Collection’s Ageing Analysis

Collection’s Ageing Analysis

Collection’s Ageing Analysis

Collection Ageing Analysis

 

Is making collection is enough for you ?

or

You want timely collection ?

 

If your payment is collected within the agreed payment term days or after the due date ?

If the customer’s are making payments after due dates then this is a loss to you.

 

 

For instance, The agreed payment term days were 30 but the customer is making payment on 60th day then how you will recover interest on late payments ? this will become your loss now.

 

You have to keep track on the payments that which payment is going in which bucket ?

You should be aware about from how many days payment is due ?

If your collection team is doing their follow-ups on time or not ?

 

 

Finsys has your back as always.

Finsys introduces a feature named

Collected Invoice Ageing

 In this report you can follow up regarding over due date bills whose payments are made, what is the size of the bucket and in which bucket the payment is falling.

 

Use this feature to get updated about your non-timely collections.

 

 

Listen the YouTube video below made by the Co-Founder of Finsys Mr. Puneet Gupta for more clarity and you can stay in touch just by following and subscribing.

 

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Also read : How to Track your upcoming collection due dates ?