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    Strategies to Accelerate Cash

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    1. Electronic Payments
    2. Offer Discounts
    3. No Credit

    Can you describe these strategies and also the potential costs involved with each action?

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    1. Electronic Payments

    Electronic payments offer a direct transfer from one bank account to another rather than having the customer issue a check which must travel through the mail and then be deposited before you have access to the funds. Electronic payments avoid the "float" of the time in transit and the posting/depositing/clearing time in the banking system.

    E-payments can have a fee (but most are free) but there is a process that must be ...

    Solution Summary

    Your tutorial is 287 words and gives examples of the downfall of each method as well as how the method increases cash flows.