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strong collections bring robust return
DDN Assumes AR Control for Fiscal Responsibility
A US subsidiary of one of the top providers of branded and generic medications in India needs to improve collection performance on its accounts receivable (AR) for branded products
- The company had outsourced AR and was dissatisfied with the provider’s performance
Responsibility for more than $2 million of open AR was entrusted to DDN
- DDN quickly transferred the balance over and immediately began processing checks and working through the outstanding AR
- DDN leveraged wholesaler relationships to simplify collection of outstanding balances
DDN recovered 99.5% of the company’s open receivables
- More stringent collections reduce AR costs and provide needed cash
- All collection issues now are handled immediately to minimize payment delays
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Good communications keep your product launch on.
Reporting the details leads to inevitable success.