How to Track and Improve Debt Collection with CEI Calculation | Guide for Reducing Bad Debts
Discover how to accurately measure your collection effectiveness with the Collection Effectiveness Index (CEI).
🎓 Gain skills by enrolling in Highako's Industry Credit Reports Assessment Certified Program: https://academy.highako.com/credit-ri...
Are you relying solely on DSO to gauge your collection success? What if there's a better way?
By watching this video tutorial till the end, learn how the Collection Effectiveness Index (CEI) can provide a more accurate measure of your collection performance. Unlike DSO, which can be misleading, CEI focuses on the quality of your collection efforts, not just the time it takes.
Learn the process of calculating CEI using four key numbers, empowering you to evaluate the effectiveness of your collection strategies and improve credit policies. Don't miss out on this valuable insight that can transform your organization's collections process.
00:00 - 00:07 - Introduction
00:07 - 01:50 - A Better Way to Track Collection Effectiveness
01:50 - 01:59 - Ending Notes
Watch now and unlock the power of the Collection Effectiveness Index!
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Highako Academy brings together more than 20 credit-collections industry leaders and attorneys including Robert Shultz, Scott Blakeley, and Wanda Borges to bring bite-sized, on-demand, job-relevant online learning to credit, and collections professionals worldwide. We offer a range of micro-learning opportunities—live workshops, course modules, skill assessments, downloadable resources, and community forums.
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