Cash is King, Is your Debt aging profile reflective of your true business performance?
Many companies in Thailand face cash collection issues. These issues invariably lead to a growing aged debt profile and consequent bad debt write off. Large AR profiles with a 90 day plus aging profile over 20% mean that your revenue and profit are overstated. Put simply you having given goods or services away without payment and an accounting adjustment is required. Only a focussed and professional AR exercise, conducted with rigor and the professional process will address a bad debt backlog. The benefits are obvious, the cash value in the bank rapidly, known level of accounting adjustment and progression to legal action as appropriate. We can operate all aspects of AR on an ongoing outsourced basis or just target the bad debt recovery as a one-off exercise.
We provide expertly trained Thai local staff to address your bad debt position rapidly and provide rapid cash conversion. We provide a weekly checkpoint working seamlessly with your team and an Executive summary covering payment plans, disputes, information requests, customer stop and progression to legal recommendations. We offer a fully outsourced AR solution or a project to deal with aged debt.
"...Admin Outsourcing has provided our finance, accounting and payroll from when we started operations in early 2009 to date. We now employ 1600 people with revenues, invoicing, payroll, all growing rapidly. Securitas is a large multi-national corporation with diverse reporting requirements, Admin Outsourcing have shown a true understanding of these needs and always produce timely, concise reports..."
Business Development Director
Administration Outsourcing Co. Ltd
518/5 Maneeya Center Building, 16th Floor,
Ploenchit Road, Lumpini, Pathumwan,
Bangkok 10330 Thailand
Tel : +66 (0)2 684 1699
or call +66 (0)86 006 2216 (English)
Fax : +66 (0)2 652 0766