AR Collection Strategies
With the world economy essentially pulling an emergency break in quick succession, it has left supply chains in disarray and the ability for companies across every sector facing a cash flow calamity. Many businesses are receiving requests from their buyers to significantly increase payment terms. Net 15 and net 30 payment terms are temporarily a thing of the past as customers are requesting a double and tripling of those terms. Some are requesting N365…Yes you read that correctly.
Tom Paquette of T4 Advisors will help you with tools and tips for maintaining stable cash-flow, while proactively working with customers and clients who may be experiencing financial distress. Topics will include: mitigating risk, implementing better credit management processes, centralizing and unifying enterprise-wide collections workflow and implementing automation to streamline repetitive processes.
Jay Bauer, Trade Credit Consultant for Euler Hermes will share with you some examples and opportunities to maintain and grow your business while mitigating the risk on nonpayment and insolvencies that are already underway.
Tom Paquette focuses on financial analysis and valuation for Main Street and Lower Middle-Market businesses. He has over 30 years of comprehensive experience in all aspects of accounting and financial management. Career highlights include specialized experience with valuations and strategic financial analysis for companies in the M&A arena, as well as significant success in growing small- and medium-sized companies and assisting businesses with turnaround services that enable them to return to growth mode. Additionally, he’s President/CEO of TPAC, which provides CFO and financial accounting services to a wide range of businesses.
Prior to cofounding TP4 Advisors in 2013, he served in increasingly more responsible positions including CFO of Color Resolutions and Vice President of Structured Finance at Fifth Third Bank. Tom is a service provider for The Goering Center, as well as virtual CFO for the Cincinnati Chapters of the Association for Corporate Growth (ACG) and Turnaround Management Association (TMA). He earned degrees in finance and accounting from Miami University, and an MBA from Xavier University. He lives in Cincinnati with his wife, Sue, and their three children.
Jay consults with companies of all sizes and across all industries to support safe, but aggressive revenue growth. Throughout his professional career, he’s seen firsthand the competitive advantage companies have when they are able harness big data and analytics to make faster, more reliable business decisions. In his role at Euler Hermes, Jay works with his clients to provide them with real-time data and insight on prospective / current customer’s risk rating and ability to repay them on open terms.
This is a free webinar. No cancellation policies apply.