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Learn More About YVCM Consulting The Traditional Approach to AutomatingCollectionsAutomation introduced a structured approach to collection strategies, driven by trigger events such as days past due, missed payments, or non-responsiveness to communication. What do you need help with?
In terms of accounts receivable , this means you can track a customers payment history, assess their current creditworthiness, identify any overdue payments, and tailor your communication strategies based on their unique characteristics. Inaccurate or incomplete customer data can lead to missed payment opportunities and longer DSO.
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