Receivables Management in Company XY d.o.o.

Companies in Slovenia are increasingly plagued by payment indiscipline, which leads to the creation of receivables. Therefore, it is the obligation and duty of companies to thoroughly address receivables and their management, as this is the only way they can improve the liquidity of their operations and ensure the payment of their obligations to other companies.

Problem

Companies in Slovenia are increasingly plagued by payment indiscipline, which leads to the creation of receivables. Therefore, it is the obligation and duty of companies to thoroughly address receivables and their management, as this is the only way they can improve the liquidity of their operations and ensure the payment of their obligations to other companies. There are many causes of payment indiscipline, but one must always be aware that obligations need to be settled.

There is also a great deal of blaming the crisis. The accumulation of obligations remains and impairs the functioning of companies. Companies do not realise that by not paying their obligations, they are causing harm to themselves and others, as mutual business operations are hindered. Companies can avoid non-payers by checking the ** creditworthiness** of their operations before starting business with a company and by securing their receivables.

In business operations with companies, it is important that the company is in constant contact with customers, that it checks whether the company regularly pays its obligations, and that it takes timely care of receivables. The payment deadline for obligations is 60 days. In company XY, d. o. o., they face the problem of payment indiscipline. Before starting business operations, only a few employees check the creditworthiness of the company's operations, and the company does not have secured receivables either. All of this leads to uncollected receivables, of which there are many.

Collection is handled by one person, who collects most receivables by telephone. If telephone collection is not successful, a reminder before legal action is sent to the customer, and then the receivable is handed over for collection to the appropriate authorities.