The individual has a high level of impact on EMEA cash flow.
They are critical to timely processing of payments and write-offs, ensuring accounts reflect accurate amounts due, in turn impacting the collectability of monies.
Failure to accurately and efficiently perform the job responsibilities will have a negative impact on cash collections, outstanding withholding tax & VAT (where applicable), unapplied cash, and levels of customer service as issues with accounts will rise. Incorrectly processing tax adjustments has potential tax implications.
This position has a measurable impact on the company’s financial performance as it has a direct impact on collections (cash flow) and pursuit/resolution of outstanding accounts (reduction of bad debt). The role is responsible for improving the A/R aging, improving DSO, obtaining, and processing withholding tax receipts, and maintaining overall A/R integrity. The individual oversees the collection process and ensures accurate collection measures are being taken to reduce the overall company liability and exposure.