Debt collection
Published on Oct 2nd, 2008 in RM with
Economic is not good nowadays. Our company sales getting slow too. My boss lately had been “nagging” to sales team to find more sales, other wise by year end we got no more new orders in hand. Not only he worries about company profit, we also a bit worry though. Hey, no sales mean no money, no money mean no bonus in year end. Oh no, No bonus is not what we want. We need it for Chinese New Year preparation!
Other than sales issue, my boss also worry about the Debt Collection from existing customers. Some customers even drag their payment more than 3 months. I wonder how come our sales team or account staff never go chase after them and even allow them to owe us for such a long time. Part of the owing money might belong to our year end bonus. They should take initiative to collect back. After run through the owing list, found that those customers who owe such a long period are those OLD customers. I think they are taking advantage on us. My boss should not allow thing like this happen. We are doing business, and we need money in order to have smooth cash flow. It is time for us to hire debt collection agency to settle those outstanding debts.