Media Financial Management Association (MFM) announces its second September Distance Learning webinar called Creating a Strategic A/R Management Plan During Economic Disruption. The hour-long session, facilitated by Randolph “Randy” Neff, VP, Szabo Associates, Inc., will examine the relationship between data and communication for effective accounts receivable management. It will be held Thursday, September 24, at 1:00 p.m. ET.
Neff will discuss how advertising category, economic data, and customer data work together to determine accounts receivable portfolio risk. This information, when combined with customized communication for each customer, can help maximize collections, minimize credit losses, and retain customer goodwill, even during economic disruption.
“Managing debt collection is particularly important during a recession. Each dollar lost to bad debt is a dollar subtracted from company profit,” said Mary M. Collins, president and CEO of MFM and its BCCA subsidiary, the media industry’s credit association. “Randy’s expertise in credit and collection ensures that participants will come away with new perspectives on ways to mining customer data to improve collections.”
Registered participants in the Distance Learning Seminar will be eligible to receive up to one (1) CPE credit toward their certified public accounting (CPA) license. MFM is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors.
The registration fee for the telephone seminar is $25 for individual members of either MFM or BCCA (a $25 discount from the normal $50 rate, courtesy of Szabo Associates, Inc.), $75 for non-members and free of charge to MFM corporate members. An additional $20 late fee will be charged for registrations made after Wednesday, September 23. More information on CPE prerequisites and an online registration form may be found on MFM’s website.
About the Presenter
Randolph Neff is Vice President of Szabo Associates, Inc., which was founded in 1971, and is the first and largest collection firm to specialize in debt collection for the media and related industries. Neff is responsible for the company’s strategy and corporate operations; overseeing collection, sales and litigation operations, including the development of the company’s growth and productivity initiatives, forming new business and partnerships; financial structure; and promoting the company’s culture and vision statements. He joined Szabo Associates in 1998, and previously served as an account associate, and manager is the newspaper division, radio division and cable/television division, where he was responsible for managing collection and sales associates, ongoing training, performance, reviews, forecasts, budgeting, and the growth of the divisions. Prior to Szabo, Neff spent seven years in credit, collection, and consumer finance in both first-party and third-party operations. He holds certifications in accounting, marketing and distributions, and sales and management.
About MFM and BCCA
Media Financial Management Association (MFM) is the premiere resource for financial professionals for media industry education, networking, and information sharing throughout the U.S., Canada, UK, and Europe. More information about MFM is available on its website, https://www.mediafinance.org, and via its updates on LinkedIn, Facebook, Instagram, and Twitter. Its BCCA subsidiary serves as the media industry’s credit association. BCCA’s revenue management services encompass a variety of credit reports on national and local media advertisers and agencies, including Media Whys, a credit report for media businesses that offers a credit score based on industry-specific aging combined with trade data from Experian or D+B. More information about BCCA is available at https://www.bccacredit.com as well as its updates on LinkedIn, Facebook, and Twitter.