B2B Debt Collection Professional
1 year ago - Services - Delhi - 20 views
Location:
Delhi
Price:
-- ₹
B2B debt collection involves the process of recovering unpaid debts from other businesses. To improve the efficiency of debt collection and minimize the risk of bad debt, it is important for businesses to follow accounts receivable best practices. These practices include establishing clear payment terms, setting credit limits, monitoring accounts receivable regularly, following up on overdue payments promptly, and leveraging technology and automation tools to streamline the collections process. By implementing these best practices, businesses can reduce their exposure to bad debt and maintain a healthy cash flow.