Among the most effective ways to improve an accounts receivable is by prioritizing the credit and collections activities. As a Senior A/R Team lead, I take care of businesses most critical activities first, such as the largest outstanding invoices, delinquent accounts, etc. before moving on to your less important activities. This strategy helps to collect more efficiently, get paid faster, and increase cash flow. Unfortunately, without the right tools and processes in place, it can be an extremely time consuming and overwhelming task for A/R departments, which is why my team A/R has established processes and procedures that must be followed to maintain the cash flow and keep DSO down.

With this behavioral based interview question, the hiring authority wants to hear that you are working wisely and not wasting much time during the day. Think about the ways that you control your time during the day. Perhaps you have a to-do list or plan your day using a particular app or software program. Whatever your method, ensure the interviewer that you are mindful of your time. Show that you deliver quickly on your work while maintaining exceptional quality and accuracy.

"Among the most effective ways to improve accounts receivable is by prioritizing the credit and collections activities. As a Senior A/R team lead, I take care of businesses most critical activities first, such as the largest outstanding invoices, delinquent accounts, etc. before moving on to less critical activities. This strategy helps to collect more efficiently, get paid faster, and increase cash flow. Without the right tools and processes in place, an A/R department can be slowed down significantly."