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Do not match unapplied credits with open deductions and debits unless there is documentation to relate them or you will be in violation of escheatment laws. Refresh the creditrisk ratings and credit limits of customers that have not been updated within the past two years. Update your customer master file.
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For example, finance teams might apply it towards cash flow forecasting, creditrisk assessment and identifying the best investment opportunities. improve emails, workflows, suggest credit limits, etc). Many of its modules include autonomous elements, including: A/R Collections. Predictive analytics.
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