Executive Advisory Committee

Members:

Philippe P Azzola - Avocat (Switzerland)
Michael J Boniface - Senior Project Director
Grant W Carlson - Formerly CFO of Wang Global/Getronics; Vice President of Finance, Unisys
Porfirio De Oliveira - Senior Project Director
Kevin La Croix - Senior Practitioner - Moneypower International
D M D Mills - Managing Director Benetton - Global Sports Management (International)
James V. Schumacher - Consultant; Formerly CEO of BTi and EyeDx; Numerous Senior Management
              positions at GE over 25 years
Robert H Valentine - FCA Corporate Recovery Specialist (UK)
Neil G Van Luven - Founder and President - Moneypower International

Retired Members:

Geoffrey S Moyse - Senior Practitioner - Moneypower International
Harry J Richards - Group Finance Director LRC International
K W Ryall - General Credit Manager Rank Xerox (UK & Netherlands)
Bob Simmons - Accounts Receivable Manager NCR (UK)
Dick Versoi - VP Finance Honeywell (UK & France)

Project Directors

Normal Attributes:
Fluency in three languages – both verbal and written
Over thirteen years average length of service
Average of nineteen Client engagements
Average of twenty-one years of relevant industry experience
Backgrounds include professional designations in accounting, corporate governance, marketing and finance.

Practitioners

Normal Attributes:
Fluency in three languages – both verbal and written
Over six years average length of service
Average of eight Client engagements
Average of nine years of relevant industry experience
Moneypower International’s Practitioners have all had significant “hands-on” experience in the accounts
              receivable/accounts payable function.

Executive Advisory Board

Project Directors

Practitioners

Careers

Average Terms: Knowing How Long it Takes Your Customers to Pay Is Not Enough

By Michael Van Luven
Vice President and
Senior Project Director

While metrics such as EDSO, or even DSO, are useful gauges of receivables performance trends, they only present one aspect of a complex environment. Knowing how long, on average, customers are taking to settle their invoices is quite useful. However, this statistic is most relevant when it is compared with the average amount of time that they have been granted to pay. Clearly, for a comparison of credit period taken to credit period granted to be relevant identical data sources or samples must be compared.