Eliminate These Four Barriers to Payment
And You Will Accelerate Cash Flow, Reduce Past Due Balances, Minimize Payment Deductions, Avoid Bad Debts, and Increase Customer Satisfaction
Although defaults resulting in significant bad debt losses are a rare event for trade creditors, much of the focus of AR Management is on credit risk. Prioritizing risk analysis over collection capabilities makes sense if you are a financing a loan, but trade credit is less of a loan and more of a sales facilitator.
Ba…