The purpose of this index is to provide an online site where credit and collection professionals can:
- Access, at any time, key historic results that are provided anonymously by different businesses within different industries, and
- Compare the results to those of their employer.
The index is a convenient and important tool by which to measure one’s success in managing accounts receivable.
Frequently, a company’s accounts receivable are the largest, or second largest asset and most often, they are the most volatile to manage. After actual cash on hand, accounts receivable are the second most liquid asset from which to generate cash to meet ongoing financial obligations.
The more extensive the participation is by businesses in providing their information in the compilation of this index, the better and more comprehensive the results will be.
Furthermore, this index also provides numerous links to other sites that contain a broad range of information that is useful to credit and collection professionals for benchmarking and forecasting purposes.
The Credit Institute of Canada welcomes and encourages your participation to make this your 'one-stop' source of information to help you manage your accounts receivable.