Receivables policy
Example, v3, approved by the CFO
- §1.2
Invoices above $250,000 are reviewed by the controller before sending.
Controller - §2.4
Short payments under $2,500 go to collections, never automatic write-off.
AR lead - §3.1
Payment terms beyond 60 days require Treasury approval.
Treasury - §4.3
Strategic accounts receive reminders from their account owner's name.
Sales - §5.0
Credit holds are proposed by Nace and released only by a person.
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