1 |
Implementing policies for granting credit to customers such as
screening, selection, level of credit to be granted and approval.. |
3.52 |
FI |
1 |
2 |
Implementing policies for collection such as sending of reminder or
demand letters and imposing penalty for delinquent debtors. |
3.42 |
FI |
2 |
3 |
Regular monitoring of age of receivables to measure effectiveness in
collection and to address “problem accounts”. |
3.23 |
AI |
3 |
4 |
Maintaining accessible place for receiving payment and implementing
other collection systems for receiving payment from customers such as
through banks, collection agents, and/or centers. |
3.22 |
AI |
5 |
5 |
Maintaining optimum level of accumulated amount of receivables. |
3.22 |
AI |
5 |
6 |
Monitoring of receivables position such as ensuring that it would
not exceed beyond a certain level. |
3.22 |
AI |
5 |
7 |
Ensuring efficiency and effectiveness of collection of receivables
such as collection is not time consuming and cost is minimal. |
3.14 |
AI |
7 |
8 |
Scheduling of collection of receivables |
3.12 |
AI |
8 |
9 |
Regular reviewing of credit policies to implement necessary changes
or revision on the policies. |
3.11 |
AI |
9 |
10 |
Monitoring and planning of receivables to match with the overall
profitability of the cooperative. |
2.80 |
AI |
10 |
|
Overall Mean |
3.20 |
AI |
|