The credit collection process involves contacting customers with overdue payments to secure outstanding balances. It includes sending reminders, issuing collection letters, and possibly employing third-party collection agencies for more stubborn cases. Effective credit collection practices help businesses maintain healthy cash flow and minimize bad debt risks.
Reimagine Your Order-To-Cash with AI
Touchless Receivables. Frictionless Payments.
Recommended Digital Assets for You
Suggested Resources
Data-driven Finance – The Order-to-Cash Case Study
Improve Cash Flow with the Solix Big Data Suite and Emagia
Data-Driven Finance for Achieving Excellence in Order-to-Cash Operations
Transforming Order-to-Cash with Emagia Global Deployment: Watch the ConvaTec GBS Success Story
Add AI to Your Order-to-Cash Process
AR Automation for JD EDwards
AR Automation for SAP
AR Automation for Oracle
AR Automation for NetSuite
AR Automation for PeopleSoft
