Analysis Account Receivable Management System at Sapthaang Services Pvt.Ltd
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Date
2016-07-27T12:59:26Z
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Abstract
Management of the outstanding is achieved in any organization through account receivable management process. The profit and day today requirement, cash flow/working capital requirement is partly achieved through accounts receivables. Therefore it needs a careful analysis and proper management.
Trade credit is the most prominent force of modern business. Till few years back, SAPTHAANG’s clients earlier had a very strict policy of selling services/goods against advance payments and that was an era of controlled economy. With increase market competition at domestic and international, company could no longer afford this policy, in order to maintain its premium position. Further in order to capture a larger market share, it was forced to go by the industry norms and thus it started the concept of credit sales sanctioned to every customer with time duration of few months for payment. The customers were required to pay the outstanding amount on the due date.
This project insights the importance of managing accounts receivable and provides proven principles/methods for achieving benefits such as increased cash flow, higher margins, and a reduction in bad debt loss.
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Analysis Account Receivable Management System at Sapthaang Services Pvt.Ltd, Pooja M, 1NZ14MBA07, MBA Projects 2015-16