GOLD AWARD WINNER
Sprint Nextel Corp.
A few years ago, Nextel Communications Inc. saw its level of bad debt rising–a problem that reflected the largely manual methods Nextel used to enforce its credit policies and an increase in fraudulent activations of its wireless phones. In 2001, Nextel's bad debt hit 4.7% and in 2002, its chargebacks with VISA peaked at a level "significantly higher" than the 1% level at which VISA puts companies on probation. It was time to take action, and from the start it was clear that had to involve better enforcement and automation.
Continue Reading for Free
Register and gain access to:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
