Debt collection prevention management of receivables/debts in a company
Debt collection prevention management of receivables/debts in a company
Author(s): Dariusz StachSubject(s): Business Economy / Management, Financial Markets, Accounting - Business Administration
Published by: Wyższa Szkoła Informatyki i Zarządzania z siedzibą w Rzeszowie
Keywords: debt collection prevention; debt collection; management; financial risk; receivables; debts;
Summary/Abstract: The maintenance of financial liquidity, stability, profitability and the value and investment capabilities of a company as well as the avoidance of financial bottlenecks are the most vital objectives of people in charge of a company, especially in times of crisis. This paper presents the receivables/debts management system known as Debt Collection Prevention, which is understood as a method of achieving the above mentioned goals. With the help of analysis and differentiation, the author argues that all individual management activities are short of effectiveness and efficiency unless a systemic approach is applied. To highlight this point, the author has indicated substantial differences in the management of financial risk and in shaping managerial decisions with- and without the application of the Debt Collection Prevention system, which can be characterized as a systemic approach with regard to praxeology.
Journal: Financial Internet Quarterly
- Issue Year: 10/2014
- Issue No: 2
- Page Range: 71-82
- Page Count: 12
- Language: English
