Credit Risk & Receivables · Manufacturing Practice

Manufacturers live and die on cashflow. I protect it before bad debt forms.

15+ years operating Order-to-Cash, Credit Control, and AR Centres of Excellence across manufacturing, GBS/GCC, and financial data environments. I build the frameworks that keep working capital liquid while the factory keeps running.

Book a Credit Health Review 30-minute diagnostic · No obligation
Receivables Ageing Specimen FY24 · Sample Book
0–30 Days ₹ 14.2 Cr 38% of book
31–60 Days ₹ 8.6 Cr 23% of book
61–90 Days ₹ 5.1 Cr 14% of book
90+ Days ₹ 9.4 Cr 25% critical
[Insight] 25% sitting in 90+ bucket signals a structural collection gap, not a customer issue. Requires immediate escalation matrix.
15+ Yrs
O2C & Credit Control in Manufacturing
GBS / GCC
AR Centre-of-Excellence architecture
24×7
Global collection team leadership
PAN-India
Credit-reporting framework rollout
RPA
Month-end MIS automation deployments
Sector Reality

Generic credit control fails on a factory's books.

Manufacturing operates on structurally long DSO. Distributor and dealer credit, project and institutional buyers, and thin margins mean one default erases the profit of ten good sales.

The tension is constant: Sales wants volume and channel expansion; Finance wants a clean balance sheet. When credit control is imported from services or retail, it either chokes dealer-led growth or lets exposure drift until provisioning eats the quarter.

My practice bridges the plant floor and the CFO's office—building credit frameworks that understand cyclicality, security norms that match how channels actually trade, and collection discipline that protects working capital without strangling the despatch bay.

68–95
Typical Manufacturing DSO (Days)
40%
Distributor Channel Concentration
2.8×
Margin Erosion from Single Default
Practice Areas

Six pillars. Organised by business outcome.

Each capability maps to a specific failure point in the manufacturing O2C cycle. Hover to reveal the outcome each pillar protects.

01 / Framework

Credit Framework & Governance

Trade credit policy, approval matrices, delegation-of-authority, credit-committee cadence, and standardised customer evaluation tuned to industrial channels.

Outcome Protected Eliminates ad-hoc approvals and ensures credit discipline scales with the business, not against it.
02 / Counterparty

Customer & Counterparty Risk

Creditworthiness of distributors, dealers, OEMs, project contractors, and institutional buyers using third-party intelligence. Limits set against financial strength and cyclicality.

Outcome Protected Capital is deployed only where the return justifies the counterparty risk, preventing concentration shocks.
03 / Working Capital

Receivables & Working Capital

DSO, ageing, collection efficiency, and bad-debt provisioning. Overdue escalation and stop-supply discipline implemented without choking dealer-led growth.

Outcome Protected Cash conversion accelerates while commercial relationships are preserved through transparent, rule-based collection.
04 / Security

Security Norms & Credit Protection

Bank Guarantees, LCs, PDCs, security deposits, and trade credit insurance—structured for how manufacturing channels actually trade—plus claims coordination.

Outcome Protected Downside is capped. When a default occurs, recovery mechanisms are already documented and triggered.
05 / Partnering

Business Partnering

Aligning Sales, Commercial, Finance, Supply Chain, and Legal so credit discipline enables expansion instead of being viewed as a blocker.

Outcome Protected Shifts credit from a "no" function to a "how" function, enabling structured deals for marginal accounts.
06 / Analytics

Reporting & Analytics

Credit-exposure, DSO, ageing, provisioning, and portfolio-risk MIS. VBA/RPA automation replacing manual month-end reporting with live dashboard visibility.

Outcome Protected Management sees the book as it is, not as it was three weeks ago, enabling proactive reallocation of credit limits.
Sectors Served

Verticals where receivables behaviour dictates strategy.

Hover to reveal the typical credit profile and structural challenges of each manufacturing vertical.

01
Chemicals & Inks
Project-driven institutional sales. High-ticket invoices, long approval cycles, and heavy reliance on LCs and BGs.
02
Cement & Building Materials
Dealer-heavy networks with high volume/low margin. DSO management is purely a volume game; stop-supply is the primary lever.
03
Metals & Heavy Industry
Cyclical exposure. Counterparty risk shifts violently with macro cycles; requires dynamic limit adjustments and provisioning.
04
Industrial & Institutional Goods
B2B institutional buyers with negotiated terms. Dispute management and deduction handling drive the collection cycle.
05
Distribution-led FMCG-Industrial
High distributor concentration. Credit health is tied to secondary sales; requires field-level visibility and scheme reconciliation.
Measurable Impact

Outcomes that protect the balance sheet.

The metrics below represent the delta between a reactive collection function and a proactive credit risk practice.

Proactive Risk Detection
0%

Of potential bad debt identified and mitigated before the 90-day bucket through early-warning scoring and limit triggers.

DSO Reduction
0Days

Average reduction in Days Sales Outstanding within 6 months of framework implementation across manufacturing books.

Recovery Velocity
0×

Faster resolution of overdue receivables through structured escalation matrices and legal coordination protocols.

Bad-Debt Provisioning
0%

Reduction in provisioning requirements through accurate risk-pricing and security cover optimization.

Working Capital Freed
0Cr

Average working capital liquidity unlocked per ₹100 Cr of turnover by tightening the O2C cycle.

Reporting Automation
0%

Elimination of manual month-end MIS through RPA deployments and live dashboard architecture.

Career Proof

Operational credibility across the manufacturing value chain.

2015 – 2020 · Global GBS

AR Centre-of-Excellence Build

Architected and scaled a 24×7 global AR CoE handling collections, dispute management, and cash application across 14 countries. Standardised credit evaluation protocols for distributor networks.

2020 – 2022 · Industrial Manufacturing

PAN-India Credit Reporting Rollout

Led the transition from fragmented regional credit logs to a centralised, real-time exposure dashboard. Integrated third-party credit intelligence to score live overdue books.

2022 – Present · Advisory & Fractional

RPA Deployments & Live Portfolio Scoring

Deployed VBA/RPA bots to eliminate manual month-end ageing reports. Established live scoring models that trigger automatic stop-supply flags and credit-committee reviews.

Engagement Models

Structured to fit your risk capacity.

Model 01

Fractional Credit Function

Embedded as your outsourced Head of Credit Risk for scale-ups or mid-market manufacturers who need senior oversight without a full-time FTE commitment. Cadence: 2–3 days/week.

Best for: ₹50–500 Cr turnover
Model 02

Advisory Retainer

Ongoing review of credit committees, limit approvals, and provisioning governance. I sit in on monthly credit reviews and provide independent risk assessment to the CFO/Board.

Best for: Established Credit Teams
Model 03

Project-Based Framework Setup

A 90-to-120-day build-out of a credit-control framework from scratch. Includes policy design, DoA matrices, MIS dashboards, and training of the in-house collection team.

Best for: Greenfield / Post-Funding

Book a Credit Health Review for your receivables book.

A 30-minute diagnostic session where I review your current ageing buckets, DSO trends, and provisioning exposure. You will leave with a one-page map of where your working capital is leaking and how to stop it.

Schedule the Diagnostic
Protect your working capital. Book a Credit Health Review → Schedule Now