Use Credit Holds to Better Manage Your Accounts Receivable
Your Virtual Credit Manager
JANUARY 2, 2024
Contacting customers to pay past due amounts (collecting) is an essential element of accounts receivable (AR) management. For most firms, late customer payments are a frequent occurrence and collecting them can be a difficult task. If collections are not done properly and in an adequate frequency , your AR will age, cash flow will decrease, and the risk of bad debt loss will increase.
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