Collection policy

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Collection policy

Procedures a firm follows in attempting to collect accounts receivables.

Collection Policy

The steps that a company follows in ensuring timely payment of its accounts receivable. Collection policies vary by company. An example of the steps a company can takes involves a friendly phone call to make sure payment is made on time, followed by a firm phone call when a payment is late, followed by a threatening letter, and finally turning the client over to a collection agency. Companies may deviate from their collection policy for long-standing or otherwise trusted customer.
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Provide collection services within the constraints of the City collection policies.
I am sure that most, if not all, creche/Montessori providers have strict collection policies in place, however, parents should ensure these are robust.
Ofgem said they would investigate the industry's debt collection policies, adding: "It is important that suppliers do all they can to treat customers in financial difficulties fairly and to help customers manage their energy debt and avoid disconnection.
Among the key points of the draft framework is that privacy policies must be readily available for review prior to product purchase, download or activation; personally identifiable data, both at rest and in motion, must be encrypted; data collection policies of a device should be disclosed prior to purchase, and it should be clear to consumers how the device's key features will work if they choose not to share data; and users should be told if they can remove or make anonymous their data if they stop using the device or it reaches end-of-life.
It owed large amounts of money on which it was paying interest and had to improve its money collection policies.
The Legion would never support the public naming and shaming of traders who are unable to support the Appeal, and we advise our poppy collectors to follow collection policies and guidelines that may be in place.
Opposition councillors have seized on the apparent policy disagreement, criticising Labour's waste collection policies during the election.
ISLAMABAD, October 27, 2011 (Balochistan Times): Speakers at a youth seminar on the eve of International Day for Eradication of Poverty Friday urged the government to bring reforms in tax collection policies and provide relief to lower class.
Moreover, there's little evidence that the pounds 250m will be enough to guarantee weekly collections, with many local councils insisting the move will have no impact on their collection policies.
Our analysis also shows that there is also a lesson for all firms in terms of creating and enforcing robust credit management and collection policies so that companies do not leave payment to chance.
Nonetheless, Interior has not completed a comprehensive assessment of its revenue collection policies and processes in over 25 years.
Its current collection policies mean that the contemporary period will not only be a digital dark age for future generations of researchers, but a paper dark age as well.

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