More and more, firms are understanding that it’s the firm’s ability to convert its agreed rates through billing and collections to collection realization that really counts. So why is it such a challenge for firms to solve it?
March 19, 2024 at 10:55 AM
6 minute read
In 2023, the collection cycles lengthened by 5% and, in fact, this was the second consecutive year firms have experienced this trend in collections (see, Citi Hildebrandt 2024 Client Advisory).
Should this trend be treated as a cause for alarm or a mere cost of doing business?
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