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What is Effective Receivable Management Strategies about?

Receivable management, also known as trade credit management, involves the administration of debts owed to a firm by customers from sales of goods or services. Key costs associated with receivables include collection, capital, delinquency, and default costs, while credit policies determine the criteria for extending credit and the terms of trade credit. Effective collection policies outline the procedures for collecting overdue accounts, balancing the degree of effort and type of collection methods employed

Author

guptadityak20

Language

EN