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a history record low delivering $8M cash reduction in accounts receivables

Spanish translation: Ver...

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:a history record low delivering $8M cash reduction in accounts receivables
Spanish translation:Ver...
Entered by: Adriana de Groote
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04:52 Aug 3, 2006
English to Spanish translations [PRO]
Bus/Financial - Accounting / contractual terms
English term or phrase: a history record low delivering $8M cash reduction in accounts receivables
the document describes the profile of a value chain director. with this phrase it poses his achievements at this position.

the complete paragraph reads as follows,

"Redesigned and negotiated an innovative warehousing and distribution contract, achieving a best in industry 98.7% on time delivery performance; successfully reduced days sales outstanding (DSO) from 70 to 25 days and past dues from 25% to 5%. Accomplished a history record low delivering $8M cash reduction in accounts receivables."

i can't find a sensible meaning for this sentence, what it refers to. I think it would make more sense if it ended with accouns payable, wouldn't it. HELP PLS!
Romina Propato
Local time: 01:08
Ver...
Explanation:
"Logró reducir en 8 millones de dólares las cuentas por cobrar, lo que constituyó un récord histórico"

Mi interpretación es que a veces, las empresas tienen una enorme cartera de cuentas por cobrar, pero eso los deja en apuros de efectivo. Han vendido mucho, pero mucho de ello está por cobrarse. Este señor logró materializar en efectivo 8 millones de esas cuentas, o sea, que pudo cobrarlas.

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Note added at 10 horas (2006-08-03 14:56:33 GMT)
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Se me ocurre que tal vez podría ser mejor poner:

....en 8 millones de dólares LA CARTERA de cuentas por cobrar... etc.

Es una idea.
Selected response from:

Adriana de Groote
Guatemala
Local time: 22:08
Grading comment
Thank you a lot. Your explanation was really helpful to me! Sorry for not grading before!
4 KudoZ points were awarded for this answer

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Summary of answers provided
3Ver...
Adriana de Groote


Discussion entries: 1





  

Answers


23 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
a history record low delivering $8m cash reduction in accounts receivables
Ver...


Explanation:
"Logró reducir en 8 millones de dólares las cuentas por cobrar, lo que constituyó un récord histórico"

Mi interpretación es que a veces, las empresas tienen una enorme cartera de cuentas por cobrar, pero eso los deja en apuros de efectivo. Han vendido mucho, pero mucho de ello está por cobrarse. Este señor logró materializar en efectivo 8 millones de esas cuentas, o sea, que pudo cobrarlas.

--------------------------------------------------
Note added at 10 horas (2006-08-03 14:56:33 GMT)
--------------------------------------------------

Se me ocurre que tal vez podría ser mejor poner:

....en 8 millones de dólares LA CARTERA de cuentas por cobrar... etc.

Es una idea.

Adriana de Groote
Guatemala
Local time: 22:08
Works in field
Native speaker of: Native in SpanishSpanish
PRO pts in category: 65
Grading comment
Thank you a lot. Your explanation was really helpful to me! Sorry for not grading before!
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