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CEO Tools Blog

Recession Tool: Collect $ Receivables

While speaking to several Vistage CEO groups last week, a great receivables collection tool was offered by two separate members:  

While making a routine customer visit, the senior executive from each of these companies showed the CEO of the client company their recent payment record on a chart on their laptop.  The client CEO had no idea that his company was well past due on a payment and immediately arranged for a check our members took home right then -- sometimes you don't have to ask, just show! 

Clearly a management tool every business person can use. 

My best to you, Kraig