Write-offs & Lock-up Tips

Write offs and Lock up Tips cover

In the first instance write-offs are an indication of operational waste whatever the underlying cause. For most firms they are a normal part of business and familiarity often leads to complacency. Regular review built around a framework of what is, and is not acceptable, will pay dividends. Lock-up is a financial management ratio that predominately reflects the quality of a firm’s client engagement practices. If your lock-up regularly averages more than 50 days you have work to do!

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