I would like to comment of Harbor Payments' Press release d/d December 18, 2006 called "World's Leading Producer, Distributor of Flooring Products, Mohawk Industries Signs with Harbor Payments for Accounts Receivable Automation".
The press release informs that the Harbor Payments system which is now the world leading provider of electronic payments, billing, and invoices, signed an agreement with Mohawk Industries, Inc…
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"World's Leading Producer, Distributor of Flooring Products, Mohawk Industries Signs with Harbor Payments for Accounts Receivable Automation"
with a personal 20% discount.
Mohawk Industries, Inc. is the leading producer and distributor of carpet, rugs, stone, vinyl, ceramic tile, wood and laminate flooring, and all of the company's products are marketed under the most popular brands in this industry. Since the company has a lot of customers, this agreement is expected to enhance the effectiveness of the company's relations with them, i.e. facilitate the payment processes, as well as receiving and approving invoices and utilizing credits and discounts. Moreover, there will no longer be a need to print and mail checks.
The company's officials also hope Harbor Payments system will boost the productiveness of their relations with their dealers, helping the latter be more profitable and efficient. It should not be overlooked, however, that Harbor Payments will obviously benefit from signing the agreement with Mohawk Industries, Inc., too.
Mohawk Industries, Inc.'s decision to use the system offered by Harbor Payments will enable them to substitute the expensive and time-consuming process of printing and mailing invoices for delivering them through electronic channels which save both time and money; ...
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According to the research findings it can therefore be said that the segregation of duties may be employed as a way to introduce completeness and accuracy in the receivable accounts of the company by employing additional personnel in the accounts department responsible for recording and maintaining the payment portion.
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<###D###L##!########################################I##2#######P##Q#######P########### The appeal of Mohawk Carpet for investors seems broader than the expanse of wall to wall carpeting in the 1950's if this article is to be believed. Actually the real nugget of information in this tome by Tom Sullivan of Barrons Online seems to be the diversification of the company into less traditional floor coverings that are beginning to eclipse carpeting's traditional market share.
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