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An online software service is introduced to help manage receivables.
A new site helps small companies manage receivables and collections.
Meredith Wood says that "only accepting checks" is one of six ineffective ways to manage receivables.
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Finance: Managing Receivables This is everything you need to know about offering trade credit.
At the end of 2002 MasterCard receivables constituted 40% of the company's $30 billion in managed receivables, compared to 18.8% at the beginning of the year.
Household's loan losses, mirroring those in the industry, have risen to an annualized rate of 4.3% of managed receivables (those it owns and those it services).
Example: While the bank is the third-largest issuer of credit cards in the U.S., with $65 billion in managed receivables, only 2.6 million of its retail households (36%) have a Bank One credit card.
After the takeover, it will manage card receivables of $169 billion, more than its two nearest rivals combined.
Mr. Lavie, 31, works for Mars Financial Services in Mount Olive, N.J., where he helps to manage accounts receivable portfolios for Mars, the confectionary, pet care and food manufacturer based in McLean, Va.
Dechow et al. (1995) additionally subtract the change in receivables from the change in revenue, as they claim that management can also manage revenues using receivables.
The deal raises Citigroup's total managed card receivables to nearly $169 billion; MBNA, the next largest, has a $107 billion portfolio.
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