Neil Gillespie and Allen Ray of Growth Wizards will be conducting the latest in their series of “Fitness Club” webinars on distributor operations on Friday, Feb. 24 at noon Eastern. Sponsored by Infor Global Solutions, Electrical Wholesaling and Industrial Supply magazines, this free webinar, “Generate More Cash with better Rebate Claims Management,” will teach electrical distributors how to solve problems in their rebate claims process.
In promoting this session, Gillespie and Ray said, “Although there is no statistic like Days Sales Outstanding for evaluating receivables performance, or number of inventory days to alert you to inventory performance problems, you really do have cash flow days tied up in rebate claims. It's the number of days it takes to get your money after you invoice a rebate customer. And it's robbing your bank balance.
“We're going to show you how to spot what it is, where it is, and generate cash by compressing the time it takes to get your money back by claiming quickly, accurately and electronically.”
The webinar is free and attendees can reserve a seat by clicking here.
About the Author
Jim Lucy Blog
Chief Editor
Jim Lucy has been wandering through the electrical market for more than 30 years, most of the time as an editor for Electrical Wholesaling, Electrical Marketing newsletter and CEE News. During that time he and the editorial team for the publications have won numerous national awards for their coverage of the electrical business. He showed an early interest in electricity, when as a youth he had an idea for a hot dog cooker. Unfortunately, the first crude prototype malfunctioned and the arc nearly blew him out of his parents' basement. Before becoming an editor for Electrical Wholesaling magazine and Electrical Marketing, he earned a BA degree in journalism and a MA in communications from Glassboro State College, Glassboro, NJ., which is formerly best known as the site of the 1967 summit meeting between President Lyndon Johnson and Russian Premier Aleksei Nikolayevich Kosygin, and now best known as the New Jersey state college that changed its name in 1992 to Rowan University because of a generous $100 million donation by N.J. zillionaire industrialist Henry Rowan. Jim is a Brooklyn-born Jersey Guy happily transplanted in the fertile plains of Kansas for the past 20 years.