Best books on Effective Accounts Receivable Management
No special reader needed – all in PDF format.
Knowledge is power. Information is liberating. Education is the premise of progress, in every society, in every family.
An experienced collector, international consultant and trainer tells you how to:
- Master the three phases of a collection call
- Never be thrown by an excuse again
- Write dynamic letters and email
- Successfully deal with irate customers
- Use special negotiating techniques for collections
- Hire top-notch collectors and get the best from them
- Develop a special voice to use during a collection call
- Work with your sales team…and much more!
How Would Confucius Collect a Past-Due Invoice?
A difficult client who refuses to pay an invoice? I can’t help but wonder how Confucius, widely considered as one of the most important and influential individuals in shaping human history whose teachings and influence us even today, might approach the problem. What would Jesus do? How about Sigmund Freud, noted psychiatrist, would he use a unique approach, what about Donald Trump, self-described mast of ‘the art of the deal? Well, you get the idea.
Great material – lot’s of fun!
This 4th edition, contains more than 100 effective, creative and entertaining techniques for accounts receivable.
You may want to check out some of these:
- A Sale On Collections – Page 30
- Tina Turner Was Wrong – Page 37
- It Ain’t Your Money! – Page 54
- Collect From an F.O.B. (friend of the boss) – Page 67
- The Last of the Collection Letters – Page 112
- Does Length Matter? – Page 182
- Collect by Crayon? – Page 223
PANIC INSTRUCTIONS: Effective, Creative & Practical Collection Techniques During COVID-19
- Your customer has no money? Easy, Peasy.
- Think they hated you before!
- We’re all in this together – and other lies!
- Empathy? Fake that and you’ve got it made.
- Overcome the COVID Defense
Great title, eh?
Would you be more successful if you knew more about:
- Improving your lie detection by 30% or more?
- Learning how to take free lessons from the best negotiators in the world?
- The motivation(s) for lying?
- How to successfully use a memory technique related to Custer’s Las Stand?
- Best sex advice ever?
- What professions lie the most and the number one lie?
- Negotiation’s biggest losers?
Two words Kevin Hobbs did not expect to hear when he shares his story about how he was given the choice of a transfer to accounts receivable or no job at all. The owner of a lemonade stand (best lemonade stand – ever) sets him straight.
- Think collecting money is the objective? Think again!
- The content of email does not matter.
- Avoid negotiations. There is something easier, faster and cheaper.
- But if you must negotiate, learn from the best in the world.
- The easiest phase of a collection call can be your most expensive.
- Why the initials F U could be the most important in receivables management
…and much more
Free book – Credit professionals who decided to pay it forward.
Why learn from your mistakes, when you can learn from others?
There is nothing new about progressing in our profession or any other. People get older, we expect wiser too as they learn from successes and mistakes and then shuffle off into retirement. But the speed and numbers are rather dramatic these days with the boomers (born between 1946 and 1954) moving along, there are 10,000 people EVERY DAY hitting retirement age. That does not take into effect downsizing and ‘offsizing’ (moving off shore) and capsizing that often affect those of who may be the most seasoned and experienced, but also most expensive to their firm.
Forget somebody walking out the door with a stapler or a box of pens. They are walking out with years of experience, hard won most of it, and when it’s gone…it is gone. They say if you do not learn from your mistakes, you are condemned to repeat them. True enough – but it is a lot cheaper and much less expensive not to mention the scrapped knees and torn and tattered egos to learn from the mistakes and the success of others.
The book and the stories are free. The lessons are invaluable!