Receivable management is a solution that offers an easy way to establish baselines to categorize different ways of tackling the clients for their respective collection, as it varies from client-to-client. This gets applied to every aspect of your collection policies. It reduces confusion among team members because you’ll have a crystal clear & step-by-step process for how each client should be handled. It also establishes important frameworks upon which you can build with other accounts receivable tools, such as collections automation that will further improve your processes.

Using one system for all collection processes keeps everyone on the same page. There’s no missing information or lost communications because everything is stored in the system.

From the broadest perspective, automated Receivable Management saves your time and money by helping you work smarter – not harder. Your collections teams don’t need to invest their valuable time in manually tracking each and every late payment. This solution allows them to focus on more important and value-driving tasks which will result as increase in their productivity.

Following process are given in Receivable Management.