All Services
- Order to Invoice Process
- Invoice to cash process
- Reversal of Provision of Doubtful Debtors
- Collection of overdue debtors
Got any
Testimonials
"Having been a client of GGA for over 6 years, we have been extremely happy with their collection results, the cost of the service, and the standard of communication. I would highly recommend it to other businesses."
“Many of our clients are Government Entities and State Governments – we had a larger number of expired EMD’s and BG’s that had not been collected. We were not able to focus on their collections due to internal business issues. GGA collected 85% of the outstanding EMD’s and BG’s within 6 months and told us the exact reasons why the balance cannot be collected. We are truly grateful for their effort and support in liquidating the expired EMD’s and BG’s
“When we began with GGA, 25% of our receivables were over 60 days past due. Within 4 months, that number dropped below 10% and is currently under 5%. After 12 years, we consider them solid members of our company.”
“Managing our receivables internally was problematic due to our large range of dealers and distributors. With GGA’s experience, reach and expertise, their team was able to quickly mobilize, by putting in place telecallers and Feet on Street and bring down the debtors ageing quickly. They have built a discipline within our trade channel and they are the “go to’’ people to get our invoices quickly processed for payment.”
Reversal of Provision of Doubtful Debtors
Businesses often use SAP to accumulate an extensive customer database, whether they are product companies or service providers. Some of these might face delays or other issues in payment after the invoicing is complete, resulting in doubtful receivables and eventually, a bad debt, if left unpaid.
A reversal of provisions and collections of debtors involves deep analytics and defined strategies to be integrated into the DNA of the organisation and measured on a monthly basis. It is rarely possible for an organisation’s internal resources to devote time to these activities.
How We Improve Collections from Doubtful Debts
GGA assists organisations' debtors' collections initiative to be successful by involving themselves – both at the analytics stage, followed by the operations stage.
| Improvement Areas | Actions | Results |
|---|---|---|
| Reduction in Debtors | Timeliness/Completeness/Accuracy of invoicing | Better collection processes and discipline |
| Collection of debtors rolling into the next ageing bucket | Regular updating and circulation of Pricing Masters | Operating cash flow increased |
| Collections of aged debtors | Identification and focus on customer payment history and reasons for delayed payments | Reduction in DSO |
| Reasons of bad debts/write-offs | Reduction in losses on receivables through systematic credit checks and assessments | |
| Identification and quicker resolution of disputes | Reduced interest payments | |
| Deductions Management | ||
| Documentation of customer terms | ||
| Better customer credit management | ||
| Collections of overdue debts |