Philips India Limited is a subsidiary of Royal Philips of the Netherlands, a leading health technology company focused on improving people’s health and enabling better outcomes across the health continuum from healthy living and prevention, to diagnosis, treatment and home care. Philips leverages advanced technology, deep clinical, and consumer insights to deliver integrated solutions. The company is a leader in diagnostic imaging, image-guided Therapy, patient monitoring and health informatics, as well as in consumer health and home care.
Oversee collection activities to ensure payments are received on time.
Set collection strategies (reminders, follow-ups, escalation procedures).
Set credit limits and approve or decline credit applications.
Monitor credit risk and adjust limits or terms as needed
Reduce days sales outstanding (DSO) to improve cash flow.
Negotiate payment arrangements with delinquent customers.
Handle disputes related to invoices or payments.
Prepare credit and collection reports for management (aging reports, risk reports, cash forecasts).
Develop credit policies to determine who qualifies for credit and under what terms.
Evaluate creditworthiness of new and existing customers using financial statements, credit reports, and payment history.
Analyze customer payment trends to identify risks or opportunities.
Recommend process improvements to reduce bad debt and enhance revenue.
Ensure legal compliance with credit laws and company policies.
Maintain accurate documentation of credit decisions, communications, and collection actions.
Ensure productivity and performance against KPIs such as DSO, delinquency rate, and bad-debt write-offs.
Work with sales and service team for collections and disputes resolutions.
Collaborate with finance and accounting on revenue recognition and cash-flow strategies.
Coordinate with legal on escalated collection or litigation cases.
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