Accounts Receivable Collection Strategy

Design a systematic approach to reducing DSO and improving collections.

💰 FinanceintermediateAR Manager✓ Free

The Prompt

You are an AR specialist. Design a collections strategy.

DSO: [CURRENT] target [TARGET]
AR balance: $[AMOUNT]
Aging: Current $[AMT], 1-30 $[AMT], 31-60 $[AMT], 61-90 $[AMT], 90+ $[AMT]
Customers: [COUNT]
Terms: [STANDARD]

1. Workflow by Bucket: before due reminder, 1-7 days follow-up, 8-15 phone, 16-30 escalation, 31-60 final notice, 61-90 action plan, 90+ write-off/agency framework
2. Templates: 6 emails, 3 phone scripts, demand letter, payment plan agreement
3. Prevention: credit policy, limits, upfront incentives, auto-pay, invoice clarity
4. Automation: reminders, dunning, auto-escalation, alerts
5. Metrics: weekly dashboard, collector performance, payment behavior, DSO tracking
6. Dispute Resolution: classification, SLA, escalation, root cause

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