13.09.2023 | News
Workshop for company management: effective work with accounts receivable


BGP Litigation's Dispute Resolution and Bankruptcy practice has prepared a workshop for business managers, providing detailed instructions on the specifics of working with accounts receivable.

The increase in payment defaults on the part of counterparties is one of the key challenges for businesses in times of economic crisis. Traditionally, dealing with bad debts is associated with courts and bailiffs. However, when diving into the issue, it is obvious that one of the main roles in collection issues belongs to the management, which is responsible for designing the company's model of working with debts.

The BGP Litigation team led by partner Vladimir Efremov has collected the best practices in dealing with receivables, including those used by in-system creditors — the companies that deal with bad debts as one of the key aspects of their business. These are primarily banking and energy companies.

The recommendations given in the workshop will help company executives to get money from debtors faster than other creditors and avoid negative consequences arising from haphazard management of receivables and debt collection. The direct result of following the recommendations of the workshop will be an improvement in the business's financial performance.

A preview of the workshop is available here. To obtain the full version of the file, please click here.