Avoiding bad debt involves conducting thorough credit checks on potential customers to assess their creditworthiness before extending credit. Implement clear credit policies with defined payment terms and credit limits to minimize the risk of late or unpaid invoices. Regularly monitor accounts receivable and promptly follow up on overdue payments to address any issues before they escalate into bad debt situations.
Reimagine Your Order-To-Cash with AI
Touchless Receivables. Frictionless Payments.
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