The primary functions of an Accounts Receivable (AR) department encompass invoicing, payment processing, and credit management. AR departments issue invoices, track payments, and reconcile accounts to ensure accuracy. They also assess and manage credit risk, communicate with clients regarding outstanding balances, and implement collection strategies when necessary to optimize cash flow.
Reimagine Your Order-To-Cash with AI
Touchless Receivables. Frictionless Payments.
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