Best Practices: Effective Accounts Receivable Management
It is not an exaggeration to say that effective accounts receivable management can make or break a business. Providing products without obtaining payment is unsustainable. By having a reliable system in place that tracks and reminds customers of their obligations while also keeping their own needs in mind, you can maintain your cash flow, pay your own obligations, realize your profit goals, and chart a path for growth in the future.