welcome to the cash recovery coffee break with harve platig ncsplus regional manager
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Welcome toThe Cash Recovery
Coffee Break
with Harve PlatigNCSPlus Regional Manager
The Cash Recovery Coffee Break
What is AR Management and Why Should I Care?
December 14, 2011
Yale Law & Policy Review
The Collection Gap: Underenforcement of Corporate and White-Collar Fines and Penalties
By: Ezra Ross and Martin Pritikin
The modern administrative state depends in large part on fines, penalties, restitution orders, and similar sanctions. Contemporary policy assumes that the state, once it orders offenders to pay those sanctions, will collect them. This article suggests that we cannot depend on that assumption. Even where offenders are corporate or white-collar executives with the resources to pay, a fine imposed is in many cases not a fine collected. To the contrary, the available data shows a massive gap between penalties imposed “on the books” and penalties collected in reality.
.. existing scholarship has not seriously addressed what happens after the state orders offenders to pay these sanctions. Instead, the administrative enforcement literature has essentially ignored to what extent offenders actually pay the penalties imposed against them. This Article seeks to describe empirically, for the first time, the degree to which regulators follow through on enforcing corporate and white-collar fines and penalties.
…Administrative agencies never collect the vast brunt of regulatory and criminal penalties. The U.S. Department of Justice, for example, has collected in recent years less than 4% of criminal penalties and fines it imposes.
… The disconnect between enforcement expectations and enforcement reality extends to agency attitudes.According to scholars, regulators impose fines to deter misconduct, compensate victims, and generate government revenue. Ensuring offenders actually pay helps achieve those enforcement goals.
During a recession in which governments are slashing budgets, cutting back public services, and laying off workers, they are at the same time neglecting to recover huge sums from corporations and executives that have actually been found to have engaged in wrongdoing. Particularly in such an economic environment, one would expect a groundswell of support to push government agencies to improve their fine collection rates.
End of Excerpt from Yale Law & Policy Review
Who Should Care?
All Citizens, Financial Decision Makers, Elected Officials, Finance Officers, Healthcare Providers, Billing Managers
Who Gets it Done?
Compliance Professionals
What is AR Management?
AR: Accounts Receivable including past due bills, fines, fees
What is AR Management?
Management: Judicious means to accomplishing an end
What is AR Management?
Management: Judicious means to accomplishing an end
What is judicious?Having, exercised, or characterized by sound judgment
What is AR Management?
Management: Judicious means to accomplishing an end
What is the end?Optimized receivables processAll that should be done is done, and in a timely wayEconomy of scale is employed when helpfulEconomy of resources is maximizedCollect more moneyCollect more money fasterCollect more money faster for less costJust outcome
What is AR Management?
Management: Judicious means to accomplishing an end
What are the means?Restorative RecoveriesWritten credit and collections policyProper use of technologyMeasuring tools (know where you are)Written communicationsTelephoningSkip tracingCredit reportingOther legal remedies
The Cash Recovery Coffee Break
What is AR Management and Why Should I Care?
December 14, 2011
The Cash Recovery Coffee Break
Example: NYC Water
The Cash Recovery Coffee Break
Example: NYC Water
Study: Paid 1.6 M to Assess Problem of 200,000 Delinquent Water Accounts
The Cash Recovery Coffee Break
Example: NYC Water
Three Recommendations: 1. Raise Taxes
2. Turn Off Water
The Cash Recovery Coffee Break
Example: NYC Water
Three Recommendations: 1. Raise Taxes
2. Turn Off Water3. Collect the Debt
The Next Cash Recovery Coffee Break
You Get What You MeasureYour Receivables Dashboard
Join Us January 18, 2012 at 10:00 AM EST
Upcoming Cash Recovery Coffee Breaks
January 18, 2012: You Get What you Measure - Your Receivables Dashboard
2012 Topics: Results
Collecting More MoneyCollecting More Money FasterCollecting More Money Faster for Less Cost
Means (How to Do It)Restorative RecoveriesWritten communicationsTelephoningSkip tracingCredit reportingOther legal remedies
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