Marble Inc. is considering hiring a third party, Collections Co. organization to help with cash...
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Marble Inc. is considering hiring a third party, Collections Co. organization to help with cash flow. The firm currently receives daily remittances of $1.5 million, and potentially could earn 5% on any funds freed up through faster collections. If the new initiative can save 2 days in the collection process, and Collections Plus will only charge $150,000 per year for the services, however, will also require a hold - compensating balance of $60,000.
Is it worth it to hire Collections Co?
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