Are your customers not paying in a timely fashion?
Is that affecting your cash flow, and it costs you bad debts? Then, the solution of these is to have systematic payment plans from the customer. Reacts accounting provides Receivable management services in India. A record receivable management merges tied in with guaranteeing that clients pay their solicitations or invoices. Great receivables management specifically adds to an organization’s benefit since it lessens terrible debts.
The organization likewise has a superior income and higher accessible liquidity for speculations or acquisitions. Besides, great receivables management boosts an organization’s professional image.
- Reducing the total balance outstanding (DSO)
- Preventing any bad debt in receivables outstanding
- Determining the customer’s credit rating in advance
- Frequently scanning and monitoring customers for credit risks
- Maintaining customer relations
- Detecting late payments in due time