B2B businesses face several challenges when collecting outstanding payments from delinquent customers. Developing a well-structured process, leveraging digitization, and upgrading your teams’ resources and capabilities can maximize recoveries and prevent bad debts. With an increased focus on debt management, companies can reduce high costs and lost income and enhance customer focus, customer engagement, resilience, and profits.
Every business banks on its competitive edge in order to grow. Successful businesses deliberately expand their competitive edge beyond their product or service. You’ve probably seen this in action: they doggedly compete for the best talent, the biggest customer, the boldest campaign. In other words, successful businesses compete for everything. Take accounts receivable management. When […]
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