Accounts receivable management
What is accounts receivable management?
Accounts receivable management is the process of managing and collecting outstanding requisitions from customers. This includes monitoring outstanding invoices, communicating with customers about payments, taking measures to prevent late payments, and initiating collection procedures when necessary. The goal of accounts receivable management is to ensure that debtors pay on time and improve the company’s cash flow while at the same time maintaining good customer relations. Companies can also choose to outsource debtor management.